The Thailand investment board has
reportedly okayed a 6.7-billion-baht
investment proposal by Honda
Automobile in Thailand.
Honda has lined up 3.8 billion baht to
expand existing facilities and 2.9
billion baht for a new eco-car
production line that can make up to
120,000 units per year.
It is expected that at least half of
Honda's eco-cars would be marketed
locally with the rest exported to
ASEAN, Asia-Pacific, and European
countries.
According to industry reports,
Thailand’s eco-car program offers
special sops to automobile
manufacturers producing cars with
engines of up to 1,300cc and fuel
consumption of less than 5 litres per
100 km. The government has stipulated
that cars also must meet the Euro-IV
emissions norms, which limit carbon
dioxide to 120 gms a km.
The government has also okayed the
setting up of a cut-and-blend metal
factory for TT Steel Processing
(Thailand) worth 1.5 billion baht, and
a Double A Paper writing-paper plant
worth 6.2 billion baht. Reports added
that PTT Chemical's butene and
propylene expansion projects worth 2.8
billion baht were also given the green
signal, while parent PTT Plc received
privileges for its 1.2-billion-baht,
30-megawatt hydroelectricity plant
with steam output of 90 tonnes per
hour.
Two companies received privileges for
cargo transport services: the 3.7-
billion-baht Hutchison Laem Chabang
Terminal and the 2.5-billion-baht Map
Ta Phut Tank Terminal. However, the
BoI rejected six ethanol projects due
to the prospect of an ethanol surplus.
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