Lombard ends successful relationship with Somboon
Lombard Investments says it has fully exited its investment in Somboon Advance Technology, one of Thailand's leading auto-parts manufacturers, earning a return of 3.5 times its investment.
Lombard Investments says it has fully exited its investment in Somboon Advance Technology, one of Thailand's leading auto-parts manufacturers, earning a return of 3.5 times its investment.
Thailand's auto industry is targeting production of 3 million vehicles annually by 2015, pushing the country into the top 10 from its present 12th ranking.
Toyota Motor Thailand is gearing up to convince its parent company to pour investment into a fourth production line in Thailand.
Despite disrupted supply of components and parts from Japan, Thai manufacturers in the automotive and electronics sectors see only a slim chance of massive layoffs. Expecting the disruption to end soon, they realise that layoffs could create a long-term problem amid the tight labour market.
The government is preparing to lead a trade mission to the United States early next month to look for investment opportunities...
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