Jv Auto Part Plant Set for Sez

• Proeksa Meas
• 31 December 2015
• Construction Focus
• 1228 Views

Thailand’s leather product company Chai Wattana Tannery Group (CWT) has entered a joint venture for an automotive seat cover manufacturing plant in the Sanco SEZ Industrial Estate on the Thai-Cambodia border.

The $7.35 million joint venture, will see CWT invest 25 per cent of the total with a 75 per cent stake held by NHK Thailand, Toyota Tsusho and Koiwa Bond.

CWT’s managing director Weerapon Chaiteerath told Deal Street Asia the location was chosen for its convenience for transport to Thailand while enjoying lower production costs in Cambodia.

Construction is scheduled to be completed by early 2016 with operations commencing mid-year. The company expects capacity to grow continuously to hit its target of at least one million units by 2019.