Sunday, June 22, 2014

MG Thailand plans expansion

Via THE NATION: SAIC MOTOR-CP Co, the manufacturer and distributor of MG vehicles in Thailand, is studying plans that could lead to an investment of as much as Bt30 billion-Bt40 billion in a second assembly plant within three years.

Yesterday the company staged a media unveiling of its MG6 at its Bt9 billion plant at the Hemaraj Eastern Seaboard Industrial Estate in Chon Buri. The facility on a 30-rai site is capable of producing 50,000 units per year.

Thanakorn Seriburi, vice president of Charoen Pokphand Group, said SAIC Motor-CP targets domestic sales of 200,000 units, or 10 per cent of the market, by the third year of operation.

The second plant would use 500 rai to assemble up to 150,000-200,000 units per year.

The company plans to produce six to seven models in Thailand ranging from passenger cars to SUVs.

Production is targeted at 2,000 units this year with deliveries starting next quarter. But next year output is expected to jump to 14,000 units, as production of the MG3 and MG5 for both domestic and export markets commences.

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