Automotive press parts and electric components manufacturer Thai Auto Tools and Die is planning to invest about THB1bn ($32.5m) in Thailand over the next two years,including setting up a new plant.
Out of the total investment, the company is planning to invest about THB750m ($24.3m) will be allocated for setting up the new factory at Chon Buri in Ban Bung district.
The new facility, which is scheduled to start operations in 2014, is expected to increase manufacturing capacity for dies and auto parts to 1,000 -1,500 units with 800-tonne and 2,000-tonne high-speed machines.
In addition, the Chon Buri factory will allow Thai Auto Tools and Die to produce high-volume products and to serve the market expansion of local carmakers.
About $8.1m of the total budget will be invested on capacity expansion of its existing factory, Auto Tools, in Pathum Thani.
Thai Auto Tools and Die is also planning to increase the brake boosters production capacity to about 3 million units per year at its Chon Buri plant which will be supplied to Bosch of Germany.
Additionally, the company will also supply brake boosters to local units of carmakers, including Toyota, Mitsubishi and Nissan, according to nationmultimedia.com.
