Sup­port for flood-stricken fac­to­ries in the works


The In­dus­try Min­istry will is­sue new mea­sures to al­le­vi­ate the suf­fer­ing of fac­tory op­er­a­tors in flooded ar­eas such as Phetch­aburi province.

The mea­sures are aimed at lo­cal small and medium-sized en­ter­prises (SMEs). The min­istry will waive all re­lated fees that ev­ery reg­is­tered fac­tory must pay an­nu­ally to the In­dus­trial Works Depart­ment, such as for ma­chin­ery reg­is­tra­tion and qual­ity con­trol.

The rem­edy mea­sures are ef­fec­tive only in 2018.

In­dus­try per­ma­nent sec­re­tary Pasu Lo­har­jun said the govern­ment will ap­ply six-month debt set­tle­ment for any SME fac­to­ries who are bor­row­ers with the state-run Small and Medium En­ter­prise De­vel­op­ment Bank (SME bank).

The govern­ment will pro­vide emer­gency fi­nance and credit for SME ap­pli­cants to re­cover losses from the flood with an an­nual in­ter­est rate of 4.99% for loans un­der 15 mil­lion baht.

“The min­istry is mon­i­tor­ing the flood sit­u­a­tion, with the ex­pec­ta­tion that some lo­cal fac­to­ries and com­mu­ni­ties will suf­fer,” Mr Pasu said. “The govern­ment has or­dered all re­lated agen­cies to be pre­pared to pro­vide sup­port.”

Mr Pasu said the govern­ment has team up with govern­ment net­works, ed­u­ca­tional in­sti­tu­tions and busi­ness op­er­a­tors in flood ar­eas to pre­pare ba­sic sup­port af­ter the sit­u­a­tion im­proves.

They will pro­vide re­pair­ing and main­te­nance for ma­chin­ery and equip­ment, elec­tric power sys­tems and pro­vide ad­vice for suf­fer­ing fac­to­ries to help them re­sume op­er­a­tions to meet Good Man­u­fac­tur­ing Prac­tice (GMP) stan­dards.

The min­istry has sur­veyed flood-prone

and at-risk ar­eas, and will pro­vide a man­ual on flood pro­tec­tions for ma­chin­ery and equip­ment.

The SMEs Sup­port and Res­cue Cen­ter (SSRC) in flood prov­inces has been or­dered to pro­vide emer­gency sup­port and con­nect with other agen­cies when fac­to­ries

ask for ad­di­tional help.

Suphan Mongkol­suthree, chair­man of the Fed­er­a­tion of Thai In­dus­tries, said the FTI has yet to re­ceive any re­ports of dam­age to fac­to­ries in Phetch­aburi province, and the flood­ing has yet to hit any man­u­fac­tur­ing plants.

“Phetch­aburi is not an im­por­tant area for large fac­to­ries, but the province has many SME fac­to­ries such as gar­ment, tex­tiles and elec­tron­ics parts, so the FTI is con­fi­dent that most busi­ness op­er­a­tors in that province can han­dle and man­age risks to pro­tect their as­sets,” Mr Suphan said.


A re­sort near Kaeng Krachan dam was flooded by spillover. The govern­ment will pro­vide emer­gency fi­nance and credit for SME ap­pli­cants.

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