BANGKOK, THAILAND – Delta Electronics has decided to postpone an investment of $50 million in a new telecommunications and computer parts factory in Chennai, India. Anusorn Muttaraid, executive director for Delta, cites the uncertain global economy for the decision.
Delta is predicting a 20% decline in sales for 2009 and seeks to reduce its workforce at its Thai facility by 400. Despite the cuts, the company is continuing with plans to purchase land in India for a final assembly plant for low-end electronic components.