Local German and Japanese officials were on hand as Daito Lang Mirror (Thailand) Co. opened its new joint-venture factory in Pinthong Industrial Estate.
Daito Lang directors Bernd Boegel of Germany and Director Masahito Nakamuta of Japan welcomed the Thai-German Chamber of Commerce President Karl-Heinz Heckhausen and German embassy representative Thomas Multhaup and others to the Jan. 8 ceremony in Chonburi.
Local German and Japanese officials were on hand as Daito Lang Mirror (Thailand) Co. opened its new joint-venture factory in Pinthong Industrial Estate.
Nakamuta said the joint venture was launched with a 90 million baht investment from the Japanese and German companies. It will produce parts for cars, buses and trucks for vehicle manufacturers including Volvo and Isuzu. It will produce about 2,500 sets of mirrors per year. The company expects to break even next year and then begin an expansion that could see output tripled in time for the opening of the ASEAN Economic Community in 2015.
Boegel said that the factory marks expansion of the company to Southeast Asia after already spreading through Europe. The joint venture is an excellent investment with high competitive advantages as Daito Japan is well-known for quality, he said. It would not have been possible, he added, to open a similar factory anywhere else in the region except Thailand.
