Amata Corp. of Thailand plans to develop industrial estates in cheaper neighboring countries along the Mekong River where it is betting manufacturing will pick up.
Amata is currently developing and operating three industrial parks in Thailand and Vietnam. Many of the companies operating in those parks are Japanese manufacturers. The oldest park, the Amata Nakorn Industrial Estate, serves about 700 companies, and is located about an hour drive from central Bangkok. Toyota Motor makes engines, and Bridgestone, Mitsubishi Electric and Daikin Industries have factories there.
Major projects underway
Amata will begin development of its second industrial estate in Vietnam early next year. The estate is to span 12.6 sq. km eventually, and will be situated in Dong Nai Province, near the Southern commercial capital of Ho Chi Minh City. The first location, opened in 1994, is in Bien Hoa, the capital city of the same province. Amata hopes to woo companies to operate in the estate, by highlighting its track record over the two decades.