BMW to expand production in Thailand

BMW to expand production in Thailand

BANGKOK: Bayerische Motoren Werke AG (G.BMW), or BMW, plans to
expand Thai production to at least 40,000 units a year, from a
current 10,000, the Nation reports.

However, the company neither revealed the investment budget
nor the timing to achieve that target.

The Thai plant will serve local demand, and export vehicles to
other Southeast Asian markets after the Asean Free Trade Area
plan is implemented in 2003, to benefit from tariff reductions in
the region.

Last year, BMW sold 61,576 vehicles in Asia, of which 11,156
units were sold in Asean (Association of South East Asian
Nations) markets. Thai sales amounted to 3,200 units.-Dow Jones