BOI reveals the results of Prime Minister Settha’s meeting with 5 Australian companies to attract investment in target industries.
Date: 12 March, 2024 Narit Therdsatheerasak Mr Secretary General of the Board of Investment (BOI) joins the investment incentive trip to Australia between 4 – 6 March 2024, led by Mr Settha Thavisin, the Prime Minister and Minister of Finance the delegation. By traveling to encourage investment this time Policies are discussed and presented. Investment promotion direction Including facilitating business operations in Thailand for leading Australian companies as follows:
1. Fortescue Company, a major Australian mining company. Including being an electricity producer from solar energy, hydropower and batteries for electric vehicles. The company is interested in investing in the hydrogen battery and green hydrogen production industry in Thailand. According to the green energy production policy and the goal of carbon neutrality in 2050
2. ANCA Company, a leader in the production of CNC forming machines (CNC Grinding Machine) and various machine systems. For use in Australian aerospace, automotive, pharmaceutical, etc industries. There is a need to expand the machine production base in Thailand. Currently, there are 2 production plants: Australia and Thailand.
3. Energy Storage System (ESS) manufacturer Redflow Company plans to further expand investment in Thailand to support demand for industrial, commercial and utility applications. which currently has production centers in Australia and Thailand Its main export markets include the United States, Australia, the Middle East, Europe and Asia.
4. Linfox Company, Australia’s smart logistics and freight forwarding service provider There are plans to establish a Regional Traffic Control Fleet center in Thailand, which is currently headquartered in Melbourne. Australia and operates in 9 countries, with Thailand as the headquarters and control center for the Asian region.
5. NextDC Company, a large data center leader in Australia. There is a plan to expand investment and build additional Data Centers in Thailand. The company has been promoted to invest in Data Center businesses with the highest Tier 4 standards to support user groups or organizations that require a digital infrastructure with the highest level of stability and reliability. Including Cloud Service providers in the form of Enterprise Cloud that provide services at home and abroad.
In addition, discussions were held with executives of Hesta, one of Australia’s largest health and social care worker pension funds. in joint investment with Thai companies that have potential Especially in the areas of Healthcare and Wellbeing.
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