Sojitz Acquires Agent License for Four Industrial Parks
Developed by Major Thailand Conglomerate
– Sojitz’s Fifth Industrial Park in Asia –
Sojitz Corporation (“Sojitz”) and major Thailand conglomerate Saha Group’s corporate arm, Saha Pathana Inter-Holding Public Co., Ltd. (“Saha”), have concluded an agreement through Sojitz’s local subsidiary, Sojitz (Thailand) Co., Ltd. (Head Office: Bangkok, Thailand; Representative Director: Shinichi Sakata; “Sojitz Thailand”), to have Sojitz act as sale agent for Saha’s industrial parks. Sojitz is also advancing talks with Saha regarding a memorandum which would see the parties agree to use these industrial park sales as the starting point for consideration of joint develop industrial park and other business areas, strengthening the partnership between the two companies.
Thailand’s long-term socioeconomic vision for the country—”Thailand 4.0”— aims to achieve greater industry sophistication and higher added value in the country. The Japan Bank for International Cooperation (JBIC) conducts an annual survey of foreign direct investment by Japan’s manufacturing sector, and in FY2018’s study, Thailand came in third place behind China and India for the most promising country in the medium-term (next three years). The study predicts yet more manufacturers will move into Thailand and expand their production facilities there.
Saha has developed four industrial parks in Thailand since 1974 start by Sri Racha following with Kabin Buri, Lamphun, and Mae Sot. This means that Sojitz can offer prospective investors suitable industrial park matched to the client’s needs. Furthermore, Sojitz’s support network—both on the Japan side and in Thailand—will provide detail-oriented backup to companies looking to enter Thailand.
Sojitz will use its experience gained through work on industrial parks in Vietnam, Indonesia, India, and the Philippines to provide even stronger offers to Japanese companies considering expansion into Asia together with Saha, support entry into Saha’s four industrial parks in Thailand, and contribute to the advancement of Thailand’s industry.