ASEAN KEY DESTINATIONS
Japanese firm to build two new plants
Industry Minister Chaiwuti Bannawat said the Japanese electronic parts manufacturer planned to invest 54 billion baht in Ayutthaya's Bang Pa-in district in a plant that produces rolling bearing parts with a capacity of 40 million units per month. It would create around 850 new jobs.
The company also plans to invest 65 billion baht in an electronic parts factory in Lop Buri with production capacity of 15 million units per month, which is estimated to generate around 1,700 jobs.
The two plants will begin construction next year. More details on the duration of the construction of the two plants and when they would become operational were not available.
Thailand's Board of Investment (BoI) decision to allow foreign unskilled labourers to work in large companies applies to firms that have operated in Thailand for more than 20 years with an investment of at least 10 billion baht and employment of 10,000 workers.
A company's tax breaks also need to have expired, as the measures aim to promote investment expansion.
The new BoI promotion requires the number of alien workers be limited to no more than 15 percent of the total workforce, and all of them are required to be unskilled. Existing BoI regulations prohibit promoted companies from hiring foreign labourers.
The BoI said that Minebea planned to employ 44,133 workers in 2012, with 10.3 percent foreign labour.
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