Wednesday, July 30, 2014

Thai car industry eyes SA venture

Via iafrica: The Thai automotive industry has expressed interest in partnering and forming joint ventures with South African companies, says the Department of Trade and Industry (dti).

In a statement on Tuesday, the dti said that the Thailand Automotive Parts Manufacturers Association (TAPMA) has shown interest in partnering and forming joint ventures with their South African counterparts in order to grow the sector in both countries.

A South African business delegation arrived in Thailand for an Outward Selling and Investment Mission (OSIM) that kicked off, on Monday, in Bangkok. OSIM is profiling South Africa as an investment destination of choice.

The business delegation, on Tuesday, embarked on a site visit to the Thai automotive body parts manufacturers, Somboon Advanced Groups Plant and Summit Auto Body Plant, outside Bangkok.

TAPMA President Achana Limpaitoon committed to future collaboration with South African automotive exporters.

She said the Thailand Automotive Industry had gone through years of a challenging struggle but had managed to achieve noticeable successes.

"The industry is now going for higher regional and global competition, and I do hope for more collaboration in future for Thailand and South Africa," she said.

Limpaitoon said she believed this visit would lead to exchange of ideas, transfer of skills and technology that would benefit Thailand and South Africa.

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