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.