IBM puts $560m in Thailand

Thu, 05 Dec 1996, 00:00 WIB | Source: AFP

BANGKOK (AFP): The Thai Board of Investment approved
Wednesday 14-billion-baht (US$560 million) proposal by
International Business Machines Corp. (IBM) to invest in two
plants in Thailand, an official said.

The board formally approved the IBM plan to set up a hard-disk
drive production facility and invest in machinery for a
component-manufacturing plant in eastern Thailand, said board
director Suchart Phisitvanich.

Under the IBM proposal, construction on the hard-disk plant --
which is expected to produce 8.7 million units when operational,
would begin in 1997.

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