AMATA draws Chinese investment from Homa with 3.1 billion baht to set up refrigerator production base in Chonburi supplying Europe

M&A · PartnershipCorporate Action
โดย Kaohoon·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 in establishing a production base in Amata Industrial Estate, Chonburi, with an investment value of over 3.1 billion baht, a production capacity of approximately 1.5 million units per year, and an 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, to supply the European and ASEAN markets. In the initial phase, it will create approximately 1,400 jobs, with expectations 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 that Chinese investors remain continuously interested in investing in Thailand, viewing it as one of the region's key production bases. Meanwhile, Michael Yao, President of Homa Appliance (Thailand) Company Limited, stated that establishing the production base in Amata Industrial Estate, Chonburi, is an important step in Homa's global business development.

Impact on stocks 2

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

Homa will invest over 3.1 billion baht to build a refrigerator production base in AMATA's Chonburi industrial estate, bringing a major new tenant/land customer.

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

Homa commits 3.1 billion baht to establish a new refrigerator/freezer production base in Thailand targeting European and ASEAN markets.

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