Singha Estate, a listed company on the Stock Exchange of Thailand, recently announced the sale of 56 rai of industrial land in Ang Thong to a Taiwanese printed circuit board (PCB) manufacturer. This sale is seen as a significant boost to the smart electronics industry in Thailand and could potentially pave the way for further development in the sector.
The land purchase was made by Unitech PCB (Thailand), a company looking to establish a manufacturing facility for high-density interconnect boards, a type of PCB. This move is expected to position Thailand as a key player in electronics component manufacturing and support related industries such as data centers.
Thitima Rungkwansiriroj, the chief executive of Singha Estate, expressed optimism about the impact of this deal on the country’s industrial landscape. She highlighted the importance of supporting S-curve industries, including smart electronics and new-generation cars, in line with Thailand’s development goals.
The location of the land in S Industrial Estate Angthong in Chaiyo district was strategically chosen by Unitech PCB (Thailand) for its proximity to Bangkok and transport infrastructure. Lawrence Chang, the chairman of Unitech PCB (Thailand), emphasized the long-term cost efficiency and logistical advantages of setting up operations in this area.
The investment in PCB manufacturing in Thailand comes at a time when the government is actively promoting investment in electric vehicles and their supply chain. The country’s strategic location in Southeast Asia and the ongoing geopolitical conflicts are also driving foreign firms to consider expanding their businesses in Thailand.
S Industrial Estate Angthong, covering 1,790 rai of land, is situated along a section of Asia Highway in Ang Thong province. This prime location offers easy access to transportation networks, making it an attractive choice for companies looking to establish manufacturing facilities.
The signing ceremony for the land deal between S Industrial Estate Co and Unitech PCB (Thailand) was attended by key representatives from both companies, signaling a strong partnership in driving the growth of the smart electronics industry in Thailand. The collaboration between local and international players is expected to bring about technological advancements and economic benefits to the region.
As Thailand continues to focus on developing S-curve industries and attracting investment in high-tech sectors, partnerships like the one between Singha Estate and Unitech PCB (Thailand) play a crucial role in driving innovation and growth. The sale of industrial land for PCB manufacturing marks a significant milestone in the country’s journey towards becoming a hub for smart electronics production in the region.
In conclusion, the sale of 56 rai of land by Singha Estate to Unitech PCB (Thailand) represents a significant step forward for the smart electronics industry in Thailand. The strategic partnership between the two companies is expected to boost manufacturing capabilities and support the development of related industries in the country. This investment signals a positive outlook for Thailand’s industrial sector and reinforces its position as a key player in the global electronics market.