2nd plant for SAIC Mo­tor-CP

Bangkok Post - - BUSINESS - PIYACHART MAIKAEW

As a to­ken of its long-term com­mit­ment to Thai­land, Chi­nese-Thai joint ven­ture SAIC Mo­tor-CP Co yes­ter­day an­nounced the con­struc­tion of a sec­ond assem­bly fa­cil­ity at He­maraj Eastern Seaboard In­dus­trial Es­tate 2 in Chon Buri prov­ince.

Ac­cord­ing to Chen Zhixin, pres­i­dent of the Chi­nese car­maker Shang­hai Au­to­mo­tive In­dus­try Cor­po­ra­tion (SAIC Mo­tor), the 700,000-square-me­tre fa­cil­ity will han­dle MG ve­hi­cle pro­duc­tion pro­cesses such as body assem­bly, ve­hi­cle assem­bly and paint­ing un­der one roof.

“Thai­land is set to be a pro­duc­tion hub for right-hand-drive ve­hi­cles and SAIC Mo­tor aims to make 300,000 units a year in the very near fu­ture,” said SAIC Mo­tor chair­man Chen Hong.

SAIC Mo­tor-CP bought 438 rai of the new land plot for an undis­closed sum from SETlisted He­maraj Land and De­vel­op­ment Plc last Novem­ber.

The in­vest­ment cost of the new plant is es­ti­mated at 30-40 bil­lion baht.

Founded in 2012, SAIC Mo­tor-CP is a joint ven­ture of SAIC Mo­tor and Thai agribusi­ness con­glom­er­ate Charoen Pokp­hand Group. The Chi­nese com­pany owns 51%. The car­maker’s 9-bil­lion-baht first factory, with to­tal pro­duc­tion ca­pac­ity of 50,000 units, was built in Ray­ong’s He­maraj Eastern Seaboard In­dus­trial Es­tate and be­gan op­er­a­tions in June 2014.

The com­pany launched the 1.8-litre MG6 saloon that same month and sold 300 units of the model last year.

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