AMATA draws Chinese firm Homa to invest 3.1 billion baht in Chonburi refrigerator production base

M&A · PartnershipCorporate Action
โดย ทันหุ้น·THCN·Read original
Summary · why it matters

Amata Corporation Public Company Limited, or AMATA, disclosed that Homa, a major global refrigerator and freezer manufacturer from China, will invest more than 3.1 billion baht to establish a production base in Amata Industrial Estate in Chonburi Province, with production capacity of approximately 1.5 million units per year and expected export value of up to 12 billion baht per year. This production base will focus on manufacturing high-efficiency refrigerators, smart refrigerators, and high-standard freezers that comply with European Union energy requirements. In the first phase, it will create approximately 1,400 jobs and is expected to increase to 3,000 positions within one to two years, while aiming to raise the proportion of locally sourced components to 50 to 60 percent. Vikrom Kromadit, Chief Executive Officer of AMATA, said this investment will strengthen the electrical appliance and electronics industry cluster in the area and open opportunities for Thai operators to connect into the production chains of world-class manufacturers. Michael Yao, President of Homa Appliance (Thailand) Company Limited, said this investment decision marks an important step in Homa's global business development, as the company sees Thailand as having a strong foundation for serving customers across ASEAN and connecting with global markets.

Impact on stocks 2

Climate Adaptation & Water · 1 stocks
Amata Corporation Public Company Limited
AMATA
▲ PositiveDemandrelevance

Homa will invest 3.1 billion baht to build a refrigerator production base in AMATA's Chonburi industrial estate, a concrete land/estate demand win for AMATA.

Others · 1 stocks
Guangdong Homa Appliances Co Ltd
002668
▲ PositiveCapitalrelevance

Homa commits over 3.1 billion baht to a new Thai production base with 1.5 million units/year capacity and up to 12 billion baht in expected annual exports.