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ANCA Sheet Metal Solutions Appoints Nicholas Doyle As General Manager

ANCA Sheet Metal Solutions Appoints Nicholas Doyle As General Manager

Nicholas Doyle replaces Frank Holzer as the General Manager of ANCA Sheet Metal Solutions (ASM) at a time of significant growth for the company. Nicholas brings over 25 years’ experience in leadership, engineering, manufacturing, systems and quality to help strengthen the business.

“It is an exciting time to join ASM as we continue to welcome new customers and take on exciting projects. Moving to the new facility in 2019 brought a new era of professionalism in our 20-year history. As well as a new name and brand, the changes that Frank led in 2019 set up ASM with the capabilities to grow our manufacturing capacity and offer our customers even greater quality solutions,” said Nicholas Doyle, ANCA Sheet Metal Solutions General Manager.

ASM are an Australian owned business and offer a comprehensive set of services integrating cutting-edge sheet metal fabrication equipment with a workforce of qualified manufacturing engineers, technicians and welders. The skilled team, based in Thailand, are practiced in transforming a concept into a well-priced, high quality product.

“We offer a premium service with capabilities in engineering; laser cutting; waterjet cutting; folding and forming equipment; welding and painting; assembly and testing and take a lean manufacturing approach. It is a pivotal time to join ASM, as we build on our foundations to produce high quality metal fabrication products – growing our product ranges and manufacturing team,” Nicholas concluded.

Nicholas, a qualified Engineer, worked as a Mechanical Engineer at Bredo Mators in Melbourne, Australia before joining the ANCA Group as a CAD CAM Engineer. After four years working for ANCA Australia he moved to ANCA CNC Machines Thailand to manage the factory transition into a larger facility and subsequently became the Manufacturing Manager for that new Thailand facility.

Bringing over 25 years’ experience in CNC machining and automation, Nicholas will focus on cost reduction and process improvements and aims to develop a strong ASM team focused on customer satisfaction.

 

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Bystronic Opens New Subsidiary In Thailand

Bystronic Opens New Subsidiary In Thailand

In the immediate vicinity of the international airport Suvarnabhumi in the east of the Thai capital Bangkok, Bystronic has opened a new office as of March 22, 2021. With the new national company, Bystronic is moving closer to its Thai customers and can provide them with even more direct support with a motivated team.

After a decade of partnership with the local representative, the newly founded Bystronic Thailand Co. Ltd. enables Bystronic to work even more closely with customers in Thailand, to support them even more directly, and to advance into segments that could not be tackled before. The experienced team of engineers has been supporting customers for years. A new and dynamic sales team will further increase the awareness of the Bystronic brand in Thailand.

The company is headed by General Manager Mr. Thitipan Hirunpataya. He was instrumental in setting up the Thai subsidiary, building up the sales and service teams and fine-tuning new operating strategies to meet the needs of the market.

“The integral part of a local office is the direct link to our customers. We get to know their manufacturing needs, we offer solutions, we listen to their feedback and we are able to offer them the best service directly from the manufacturer”, said Thitipan Hirunpataya.

With the opening of the new office in Bangkok, Bystronic will have a further sales and service center in an important region for Bystronic. Sales, service, consulting and hotline services form the core services. In addition, the location will also include software and hardware training as well as spare parts. Customers will thus benefit from the comprehensive know-how of the leading technology provider.

 

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GlobalData: Thailand Automotive Production And Domestic Sales To Revive In 2021

GlobalData: Thailand Automotive Production And Domestic Sales To Revive In 2021

The Federation of Thai Industries (FTI) expects domestic car sales to decline by 5.3 percent in 2021, after a 21.4 percent slump in the previous year. Following this news, Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, offers his view:

“Thailand automotive production output and domestic sales followed downward trend in 2020. In line with GlobalData’s estimates, the country’s production output declined by 29.14 percent to 1.43 million units. The domestic sales also remained low with a 21.4 percent decline to 792K units compared to 2019. 2020 remained a bumpy ride for the Thailand auto industry, with January-July sales slipping down to 2008 levels and the auto production witnessing y-o-y decline for straight 10 months of the year. However, November and December showed signs of revival with y-o-y production and sales witnessing an increase, which is attributed to new car launches by automakers, attractive discounts and promotion campaigns and the financial stimulus by the government.

“Weak domestic and overseas demand amid the COVID-19 pandemic, major supply chain disruptions affecting production, massive slowdown in tourism sector, subdued economic growth and negative consumer sentiments remained major factors behind the production and sales de-growth in 2020. Some of these factors may further impact the production and sales in 2021 along with second wave of COVID-19 in domestic and some export markets, and ongoing chips shortages in the picture. FTI expects the vehicle production to reach 1.5 million units in 2021, marginally up compared to 2020. Thailand Board of Investment (BOI)’s new investment privileges and tax breaks to manufacturers are expected to support automotive production.

“Domestic demand in Thailand is anticipated to witness revival in 2021. However, volumes are expected to remain below 2020 levels. The government’s economic stimulus measures, growth in tourism, investment in infrastructure projects and government push for EV adoption are expected to boost automotive sales and support FTI’s projection of 750K vehicles sales in 2021, which will be a 5.3 percent decline y-o-y but significant improvement compared to 21.4 percent decline in 2020.”

 

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Thailand BOI Accelerates Investment For Digital Adoption

Thailand BOI Accelerates Investment For Digital Adoption

The Thailand Board of Investment (BOI) has approved a series of measures to accelerate investments, particularly in target industries and to encourage business to adopt digital technologies.

“The package to promote large scale projects was designed to boost investment in the post-Covid-19 period,” Ms Duangjai Asawachintachit, Secretary General of the BOI, said after a board meeting chaired by Prime Minister Gen Prayut Chan-ocha.

“As for the digital technology adoption measure, they complement the sets of productivity improvement measures we have been implementing continuously to promote increased efficiency and productivity, and ensure companies are ready to seize the business opportunities arising from the upcoming economic recovery.”

Under the measures to accelerate investment in target industries, projects with realised investments of at least 1 billion baht (USD33 million) within 12 months from the promotion certificate issuance, will be eligible for an additional 50 percent corporate income tax (CIT) deduction for a period of 5 years, on top of the standard five to eight years CIT exemption, Ms Duangjai said. Qualified projects must submit applications from January 4, 2021 to the last working day of 2021.

Existing businesses of all sizes applying for investment under the digital technology adoption program in systems and activities such as software integration, artificial intelligence (AI), machine learning or big data analytics by the end of 2022, will, if approved, be granted a 50 percent corporate income tax exemption for three years on their existing businesses.

“We expect to see faster adoption of digital technologies including cloud computing through this incentive scheme,” Ms Duangjai said. To further promote investments in Thailand’s ten Special Economic Zones (SEZ), all located in border areas, the BOI approved the extension of the application period, to the end of 2022, for the special incentive scheme for SEZs that has been implemented over the past several years.

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Vehicle Excise Tax Restructuring To Support EV Sales In Thailand

Vehicle Excise Tax Restructuring To Support EV Sales In Thailand

The restructuring of vehicle excise tax, which is under study and tentatively planned to be implemented by 2026, will act as a catalyst to Thailand’s electric vehicles (EVs) sales and consequently, its roadmap. The country aims to achieve 30 percent share of EVs in total production by 2030, says GlobalData, a leading data and analytics company.

The vehicle excise tax restructuring, presently under discussion with the industry stakeholders, will be a significant move when implemented that will pave the way for increased adoption of eco-friendly vehicle and EVs in Thailand. The vehicle excise tax structure in Thailand levy tax based on emission rate of Carbon Dioxide (CO2) while the restructuring is aimed at increasing the tax rate on the IC engine vehicles to the highest among all the vehicle categories. The move will help to bring down the price differences in IC engines and electric vehicles and make the EVs a more favourable product.

The move is anticipated to gain support from the government as well as OEMs as the country has been struggling with harmful PM2.5 levels in the country. The present vehicle excise tax varies between 20-50 percent for IC engine vehicles depending upon the type of vehicle and the engine capacity. For hybrid electric and fuel cell vehicles, the current tax rate is 10 percent, according to The Excise Department.

Bakar Agwan, Senior Automotive Consultant at GlobalData, comments: ‘‘The excise tax restructuring will support the existing government efforts for EV ecosystem development in Thailand. The government has been putting in other efforts to make EV a success story in Thailand which includes a possible car trade-in scheme on cards.”

This will stimulate the EV purchases in the country strengthening the EV infrastructure and also bagging new investments with new set of manufacturing privileges announced by the Board of Investment (BOI) Thailand.

Agwan concludes: “The governmental push through favourable policies is mandatory for increasing the EV adoption. While most of EV boosting efforts by the government were focused on the supply/manufacturing side, the new vehicle tax and the possible car trade-in scheme will stimulate the demand/customer side. Thailand needs more such demand-side efforts in terms of incentives, subsidy, tax benefits etc. to witness an upsurge in EV adoption.”

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Thailand BOI Introduces EV Package And Over 35 Billion Baht In Investments

Thailand BOI Introduces EV Package And Over 35 Billion Baht In Investments

The Thailand Board of Investment (BOI) has approved the roll out of a comprehensive set of incentives covering all major aspects of the Electric Vehicles (EV) supply chain, with a focus on Battery Electric Vehicles (BEVs), local production of critical parts, and the inclusion of commercial vehicles of all sizes as well as ships.

The board also approved 35.7 billion baht (US$1.1 billion) worth of large investment projects in several sectors.

“In line with the Government policy to promote electric vehicles across the board, and to answer the radical changes underway in the global car industry, the BOI today approved a package that will accelerate the development of EV production and related supply chain in Thailand, and allow the entire sector to move into higher gear,” said Ms Duangjai Asawachintachit, Secretary General of the BOI, after a board meeting chaired by Prime Minister Gen Prayut Chan-ocha.

New Package For EV

The new promotion package, which replaces the first EV package which expired in 2018, covers a comprehensive range of electrical vehicles, namely passenger cars, buses, trucks, motorcycles, tricycles, and ships.

Incentive schemes for these different types of electric vehicles can be summarised as follows:

  • Four wheelers: Qualified projects with a total investment package worth at least 5 billion baht will be granted a 3-year tax holidays for PHEVs, but as for BEVs, an 8-year corporate income tax exemption period will be offered and will be extendable in case of R&D investment/expenditures.
  • Motorcycles, three-wheelers, buses and trucks: Qualified projects will be granted 3-year corporate income tax exemption, extendable if meeting additional requirements.
  • Electric-powered ship production projects, for vessels with less than 500 gross tonnage, will be eligible for eight years of corporate income tax exemption.

The BOI also approved to add four more types of EV parts in the list of critical parts, namely high voltage harness, reduction gear, battery cooling system and regenerative braking system. These four categories will all receive eight years corporate tax exemptions.

To promote local EV battery production, the BOI also approved additional incentives for the production of both battery modules and battery cells for the local market by granting a 90 percent reduction of import duties for two years on raw or essential materials not available locally.

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Thailand’s Position As Key Automotive Production Hub To Further Strengthen In Next Five Years, Says GlobalData

Thailand’s Position As Key Automotive Production Hub To Further Strengthen In Next Five Years, Says GlobalData

Automotive sector has long been a key pillar of the Thailand economy. Increasing domestic demand, attractive tax incentives by government and reduced import duties on auto parts are all set to boost investments in the sector and the country’s position as a key automotive production hub for leading automakers is set to strengthen over the next five years, according to GlobalData.

Major automakers including Toyota, Nissan, Mitsubishi, Honda, Isuzu, Ford and Mazda have chosen Thailand as their production hub. As of 2019, Thai vehicle production capacity was approximately 4.1 million units with Japanese OEMs Toyota, Mitsubishi, Honda and Nissan holding majority shares of 20.8 percent, 12.4 percent, 10.2 percent and nine percent, respectively, according to Federation of Thai Industries (FTI).

Nissan recently announced plans to ramp up vehicle production in Thailand in order to meet the strong overseas demand, especially for Nissan Kicks e-Power and Nissan Navara. The company plans to hire over 2,000 people in Thailand.

Animesh Kumar, Director of Automotive Consulting at GlobalData, says: “Thailand is presently Nissan’s only production base in the ASEAN region and a leading export hub for the company, exporting to over 100 countries. The plans to ramp up production and manpower are aligned with major business restructuring and new priorities set by the company in between 2019 and 2020.

“As a part of restructuring, the company also discontinued a few models and re-aligned capacity utilisation in Thailand. The company’s announcement to increase production in Thailand follows its shutting down of production in Indonesia and Spain. The move will further strengthen Thailand’s position as a strategic location and key production hub for Nissan globally.”

Thailand is also bolstering its image as one of the budding EV hubs in ASEAN. Attractive incentives through Thailand Board of Investment (BOI) investment support has made OEMs including Mitsubishi, BMW, FOMM, Nissan, Toyota, MG to ramp up EV production in the country.

Mr Kumar concludes: “The Big three in Southeast Asia markets–Thailand, Indonesia and Malaysia–have been competing against each other to attract investments. Governments and administrators in all three countries have extended attractive policies, packages and subsidies and over the years managed to attract several global players. However, at the moment, Thailand indeed has its nose ahead. Favourable policies and support from the government, strong automotive supply chain, export potential, EV opportunities, skilled workforce and strong domestic market are conducive for the further growth of Thailand as a key automotive production hub that caters to the domestic as well as global markets.”

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Thailand’s Electronics Sector Still A Magnet For Investors Amid Pandemic

Thailand’s Electronics Sector Still A Magnet For Investors Amid Pandemic

The COVID-19 pandemic and the US-China trade friction have failed to slow Thailand’s resilient electronics and electrical (E&E) industry which on the contrary many investors see as a haven, Thailand Board of Investment (BOI) data shows.

In the first nine months of 2020, the number of foreign and domestic companies which applied to invest in Thailand’s E&E sector actually rose to 106 projects, from 94 projects in the same period in 2019, making it by far the most popular sector, totaling over $1.2 billion in investment applications submitted to the BOI.

With a supply chain of some 2,500 companies and 800,000 employees ranging from researchers with doctoral degrees to vocationally trained technicians and experienced assembly line workers, it is the country’s largest manufacturing employer, according to Thailand’s Electrical and Electronics Institute (EEI).

“E&E is fundamental to Thailand 4.0”, said EEI president Narat Rujirat, referring to the innovation-driven growth strategy of Southeast Asia’s second largest economy.

This ambitious vision involves creating a regional hub for futuristic industries including medical devices, electric vehicles, robotics and automation. At its heart is the technological transformation of one of Thailand’s long-established core industries, electrical and electronics, into what is today termed “Smart E&E” and the emergence of the so-called Internet of Things (IOT).

Thailand’s E&E sector has burgeoned into a global powerhouse and is the world’s second largest exporter of computer hard disc drives, air conditioners and washing machines, according to GSB Research, a unit of Thailand’s largest state-owned bank.

In total, Thailand’s E&E industry generates $56.5 billion worth of exports in 2019, or 24 percent of total exports, according Thailand’s Ministry of Commerce and GSB Research.

In addition to a strong supply chain and skilled human resources, Thailand’s attraction for E&E investors also stems from its strategic geographical location at the crossroads of Asia, which has enabled it to become one of the world’s top exporters.

Investors also benefit from privileges offered by the BOI. E&E companies focused on innovation and research and development can receive tax breaks of up to 8 years and other incentives such as renewable smart visas of up to four years for international talent and investors in key sectors such as smart electronics, as well as their families. The BOI also supports companies by helping establish industrial linkage, sourcing of local suppliers and business matching. Many companies have developed strong partnerships with local academic institutions.

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Driving Industry Forward With Intelligent Technologies

Driving Industry Forward With Intelligent Technologies

INTERMACH and MTA Asia 2020—ASEAN’s leading international industrial machinery and subcontracting event—is proud to showcase intelligent industrial machinery and technologies that drive the industry forward with timely manufacturing solutions such as automation, robotics and artificial intelligence (AI). 

The event offers a platform that will provide countless opportunities for entrepreneurs to gain access to advanced technologies and knowledge in a variety of industries. 

This year, more than 50 items will be launched for the first time in Thailand and ASEAN. There will also be a full range of sheet metal fabrication technology from 150 of the world’s leading brands, as well as additive manufacturing technology.

The event to be held from September 23–26 at the Bangkok International Trade & Exhibition Centre (BITEC) in Thailand, will feature cutting-edge manufacturing technologies and intelligent technology showcases from over 1,200 brands and 45 countries, over an exhibition area of 38,000 sqm. It will include major pavilions from South Korea, China, Japan, Taiwan, and Singapore. It will also feature an interesting line-up of conferences and forums, such as the following:

  • INTERMACH Forum: “SMEs, Transformation to Smart Manufacturers”
  • Future Automotive Forum: “Disruption of the Future Automotive in Thailand”
  • System Integrator (SI) Forum
  • Thai Subcon Seminar

In particular, the 4th INTERMACH Forum is designed for entrepreneurs in small and medium enterprises (SMEs). The forum will feature leading speakers and experts from both private and public sectors, who will share overviews and their insights in options and challenges on technology and workforce transformation for smart manufacturing. There will also be over 50 SME Empowerment Seminars and activities for SMEs related to future automotive, medical device, robotics, aerospace, and other ground-breaking industries.

Apart from these, the event will feature the Industrial Automation and Robotic Show 2020 (iAR), ASEAN’s leading exhibition on automation and robotics technology. The show, part of INTERMACH, provides a platform for advance automation and robotic technology and solutions enablers who are looking to upgrade their manufacturing, gain first hand updates on industry trends and developments, and grow their businesses in the market.

Co-located Events

SUBCON Thailand 2020 is the 15th Edition of ASEAN’s leading industrial subcontracting and business matching event. This is the only event jointly organised by the BOI Unit for Industrial Linkage Development (BUILD) – Thailand Board of Investment (BOI), Informa Markets and the Thai Subcontracting Promotion Association.

The show is designed to present business opportunities to more than 4,000 industrial part makers and help exhibitors negotiate business with major industrial part-buyers and manufacturers from Tier 1 and Tier 2. This year’s show is projected to be attended by more than 25,000 buyers from industries such as automotive, electric, electronic, machinery, as well as future industries including aviation, medical equipment, robotics automation and digital are all expected to take part in the event.

SHEET METAL ASIA 2020 is the 20th edition of Thailand’s largest international sheet metal fabrication and machinery event. The show brings together comprehensive technologies such as fibre laser machinery, CO2 lasers, press brakes, punching machines, water jet technology, and more, from over 300 major brands from 25 countries. The advanced technologies in sheet metal fabrication will cover industries such as automotive, electronics, electric equipment, construction, interior and furniture, medical devices, and agriculture.

For more information or immediate pre-registration, visit www.intermachshow.com.

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Thailand BOI Encourages Focus On Automation And Human Resource Training Ahead Of 2021 Recovery

Thailand BOI Encourages Focus On Automation And Human Resource Training Ahead of 2021 Recovery

The Thailand Board of Investment (BOI) is urging investors to focus on enhancing productivity and efficiency through automation and human resource training by taking advantage of the key promotion measures offered to them, in order to prepare for the economic recovery expected in 2021.

“We are now focusing not only on attracting new investment projects but given the economic situation we also believe it necessary to make existing ones more productive, to have a higher level of productivity which is a critical issue for Thailand to move forward,” Ms Duangjai Asawachintachit, Secretary General of the BOI, told a Webinar titled “Support Measures for Economic Recovery” that was co-hosted by the Joint Foreign Chamber of Commerce in Thailand (JFCCT).

For 2020, Thailand’s Finance Ministry anticipates a 8.1 percent contraction of the GDP, with a progressive improvement from the third quarter which should lead to a rebound in 2021.

“Looking forward I think we can expect the economy to gradually pick up in the remaining half of this year,” said Pisit Puapan, Director of the Macroeconomic Policy Bureau of the Thai Finance Ministry.

“For 2021 the Ministry of Finance expects the Thai economy to rebound and show a positive growth rate of four to five percent,” Pisit said.

“I think the Covid 19 crisis has reiterated the necessity for us to move forward to more automation and robotics, so we are encouraging companies to invest in automation to become more efficient or have better products at lower costs,” Ms Duangjai said.

“So we are now offering tax incentives for companies that would like to invest in new machinery, to replace existing ones, for the purpose of energy conservation or to use lower energy or to reduce the impact on the environment.”

Another key area for promotion is in training and development of human resources, again with an emphasis on both new and existing projects.

Thailand has faced a surge in furlough as a result of the lockdowns in April-May in response to the Covid pandemic, and the threat of burgeoning unemployment in the coming months or years is real, although the worst of the economic impact was no doubt felt in the second quarter of 2020.

“We think that Thailand will find herself in a totally new environment. Deglobalisation has already taken place,” said Charl Kengchon, Executive Chairman of the Kasikorn Research Center.

“Pandemic and fear of pandemic after Covid is not going to help global trade because increasingly more and more government will come to the realisation that public health in fact is a kind of national security issue and they are going to implement safeguards on health care and there are going to be non-tariff barriers because of that,” he said.

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