elef Posted March 12, 2007 Report Share Posted March 12, 2007 Bangkok Post Today Link Fujitsu to build B15.8 bln factory (dpa) - Japan's Fujitsu conglomerate plans to invest 15.8 billion baht ($439 million) in a new hard-disk drive plant in Thailand despite the country's instable political situation, media reports said on Monday. Fujitsu (Thailand) Company, the Thai subsidiary of the Japanese electronics manufacturer, received the approval of Thailand's Board of Investment (BOI) to go ahead with the project last month. Once fully operational the plant will have a capacity to produce 70 million units per annum and will employ more than 13,000 people. BOI Secretary-General Satit Charnjavanakul cited the Fujitsu investment as proof that foreign investors do not regard the current political instability and fluctuations of the baht currency as impediments to investment in Thailand. Thailand experienced a coup d'etat on September 19, last year, and is expected to hold a new general election by the end of the year. Satit said the strengthening of the baht currency had not seriously affected foreign investors in Thailand because most of them trade in dollars. Link to comment Share on other sites More sharing options...
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