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Swedish firm to make solar cells in Thailand

Swedish company M2 Engineering plans to invest in solar cell production in Thailand, TNA reported, quoting the Ministry of Industry.

Thai Industry Minister Chanchai Chairungruang told the media after meeting with an M2 Engineering representative that the company is confident in Thailand and is ready to invest in solar cell production here.

Charnchai said the Swedish firm was to invest about 4 billion baht (1$=32 baht) in the first phase, with additional investment likely in future.

M2 Engineering attributed its keen interest to Thailand's potential and readiness in all aspects, including existing policy to promote investments in alternative energy.

The company is one of the world's leading manufacturers of optical disc manufacturing systems and equipment for CD, CD-ROM, CDR, DVD and DVDR.

In 2006, it opened a manufacturing facility in Chon Buri's Amata Nakorn Industrial Estate, 40km from Laem Chabang Port.

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