AMATA draws Chinese firm Homa to invest 3.1 billion baht, setting up refrigerator production base to supply Europe

M&A · PartnershipIndustry
โดย สำนักข่าวอีไฟแนนซ์ไทย·THCN·Read original
Summary · why it matters

Homa Appliance (Thailand) Co., Ltd., or Homa, a major global manufacturer of refrigerators and freezers from China, has established a production base in Amata Industrial Estate in Chonburi with an investment of over 3.1 billion baht. Production capacity is approximately 1.5 million units per year, and the facility is expected to generate export value of up to 12 billion baht per year. The production base will focus on manufacturing high-efficiency refrigerators, smart refrigerators, and high-standard freezers that comply with European Union energy requirements. Employment will start at around 1,400 positions and is expected to rise to 3,000 within one to two years, with a target of increasing the use of locally sourced components to 50 to 60 percent. Vikrom Kromadit, Chief Executive Officer of Amata Corporation Public Company Limited, or AMATA, said Chinese investors remain continuously interested in investing in Thailand, viewing the country as one of the region's key production bases. Meanwhile, Michael Yao, President of Homa Appliance (Thailand) Co., Ltd., stated that this investment is an important step in Homa's global business development, as Thailand has a strong foundation for serving customers across ASEAN and connecting to global markets.

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