BANGKOK – SPI has closed a 10 billion baht ($279.4 million) deal to partner with Zhen Deng Tech to build a PCB manufacturing plant in Thailand.

The investment will establish a plant in Saha Group Industrial Park in Thailand's Prachinburi Province, with a goal to propel Thailand as a key PCB production base in the ASEAN region, SPI said in a release. The company expects an initial investment of 10 billion baht for the first phase and additional investments of more than 50 billion baht ($1.4 billion) by 2030.

"Saha Group is fully prepared to cooperate with all partners and investors. Our land availability and well-established network in Thailand can help our partner’s businesses grow quickly and comprehensively in all aspects," said SPI CEO Vichai Kulsomphob. "Currently, Saha Group Industrial Parks cover four strategic locations across Thailand: 1. Kabin Buri in Prachinburi Province, 2. Si Racha in Chonburi Province, 3. Lamphun in Lamphun Province, and 4. Mae Sot in Tak Province. This investment collaboration with Zhen Ding Tech Group utilises over 300 rai of land, marking a significant move for the future of Saha Group under the era of technology transformation. This will create over a thousand job opportunities in engineering fields to Thailand. We believe that expanding investment under the concept of Eco-Tech Industrial Park will not only benefit the community directly but also enhance the level of market competitiveness for the overall industry of the country."

• Prev
• Next