Porsche to enter Thailand

Porsche to enter Thailand

BANGKOK (AFP): German sports car manufacturer Porsche AG will
send a mission to explore investment possibilities in Thailand, a
Thai Board of Investment (BoI) official said yesterday.

Porsche officials had approached the BoI office in Frankfurt,
and would next week visit Thailand to discuss the possibility of
setting up a parts production facility, said BoI deputy
secretary-general Chakramon Phasukavanich.

Thailand is the largest auto producer in Southeast Asia. Plans
to draw further investment and establish the country as a
regional center and export base for the industry are a key to
hopes of reviving the flagging economy.

"I still believe that despite the economic difficulties,
investors who regard Thailand as a base for the regional car
industry and for exports beyond (Southeast Asia), they will make
the right decision," Chakramon said.