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Pattaya Daily News

08 December 2009 :: 12:12:04 pm 31104

Suzuki Motor Group to Build Eco-Car Plant in Rayong

The Suzuki Motor Group announced that it will begin construction on a new car factory in Rayong. The new plant will produce a new small eco-car which will be exported to the ASEAN and African market within the first 5 years of production.
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Rayong, the 8th of December 2009 [Pattaya Daily News]: The cost of the new plant is estimated at $225 million with construction scheduled to begin in the first quarter of 2012. The plant will be operated by Suzuki Automobile Manufacturing Thailand, which is 100 percent owned by Suzuki Motors of Japan.

Production of the new small car, with a 1.3-liter engine is in response to the Thai governments offering of an eight year tax holiday on the production of eco-cars (providing that the tax amount does not exceed the initial investment). Further to the tax break the Thai government has stated that any key components and machinery that cannot be sourced from within Thailand will be subject to duty-free importation.

The global financial crisis forced Suzuki to delay construction of the plant, which will include engine assembly as well as a full body-shop. The government initially approved Suzuki’s eco-car incentive package in December 2007, with production announced to begin in 2010. Recently the Suzuki Motor Group informed the government that the construction would still go ahead, with a starting date proposed for the first quarter of 2012.

First year output at the factory is estimated to be around 10,000 units with production due to be ramped up to at least 100,000 units within the first 5 years of operation as part of and agreement between the Thai government and Suzuki Motors.

Under the original agreement, around 80 percent of output will eventually be exported to other countries in the ASEAN region as well as Australia, New Zealand and Africa. To encourage local buying of “eco cars,” the Thai government is offering favorable excise tax rates of 17 percent, compared with 30 percent on other passenger cars.

Reporter : PDN staff   Photo : Internet   Category : Thailand News

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