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THAILAND:
GLOBAL GREEN
AUTOMOTIVE
PRODUCTION
BASE
THAILAND: GLOBAL
GREEN AUTOMOTIVE
PRODUCTION BASE
Thailand’s automotive industry has been continuously developing for over
50 years with strong support from both the public and private sectors.
The Kingdom is the largest automotive producer among Southeast Asian
countries, one of the top automotive producers in the world, and is now
ASEAN’s automotive hub.
The automotive industry is a key industry for Thailand, accounting for
approximately12%ofthecountry’sgrossdomesticproduct(GDP).In2013,Thai
automotive production capacity stood at 2.85 million vehicles and the industry
employed over 550,000 people. In order to develop Thailand as a global green
automotive production base and promote automotive technology research
and development, the government coordinated with the private sector to
formulate the Master Plan for Automotive Industry (2012-2016).
Thailand has approximately 709Tier 1 auto-parts suppliers and 1,700Tier 2 and
3 suppliers. More than half of the Tier 1 suppliers are automotive component
companies. Of the top 100 auto parts manufacturers in the world, 50% have
factories in Thailand. Thailand’s production base is diverse enough to supply
all necessary components, from tires to structural components.
Major multinational automotive industry leaders with presence in Thailand
include: Auto Alliance Thailand (Ford and Mazda), BMW Manufacturing,
General Motors, Hino Motor, Honda Automobile, Isuzu Motors, Toyota Motors,
Mercedes-Benz Thailand, Mitsubishi Motors, Nissan Motors, Tata Motors,
Suzuki Motor, and Volvo Car Thailand.
“The automotive industry has played an important role
in Thailand’s economy for decades. With a strong local
supply chain, efficient infrastructures, good collaboration
between government and private sectors, together with
the recent approval of Eco car phase 2, I strongly believe
that Thailand has high potential to be the leading global
green automotive production hub of the world.”
-Mr. Vichai Jirathiyut, President of Thailand Automotive Institute-
Structure of Thai Automotive Industry
Assembler
(18 car makers,
8 motocycle makers)
100,000 workers
LSEs
Large Scale
Enterprises
Foreign
J/V
Local Suppliers
Foreign
Majority
54%
Thai
Majority
23%
Pure
Thai
23%
SMEs
Small & Medium
Enterprises
Tier 1
(709 companies)
Tier 2, 3
(1,700 companies)
450,000workers
Source: Thai Autoparts Manufacturers Association, 2014
Big Industry Drivers
The Thai automotive industry saw historic
growth during 2012 and 2013. Both these years
sawThailand produce over two million vehicles.
Thailand’s successful Eco Car Project initiated its
second phase in 2013, marking a new phase in
the Thai automotive industry.
The second phase has attracted investment
applications from major car manufacturers
including: Ford, General Motors, Honda, Mazda,
Mitsubishi, Nissan, SAIC, Suzuki, and Toyota.
Phase two projects are investing US$4.3 billion
with total production capacity of 1.5 million
units.
This major shift in the Thai automotive industry
offers countless opportunities for parts and
components manufacturers as more and more
components will be needed to meet the demands
of eco-car participants who are rapidly increasing
their presence in Thailand.
In 2014, global automotive firms
increased investments in their
Thai operations as Thailand’s
automotive industry continues
to thrive. Below are a number of
notable investments.
Honda plans to invest US$1.1
billion for a new Prachinburi
plant. The new plant will open
in 2015 and produce small
and subcompact vehicles.
The Prachinburi plant will
increase production capacity
by 120,000 units per-year.
Nissan opened its second
assembly plant in 2014 on
Bangna-Trat Road. The new
plant has a current capacity
of 75,000 units per-year,
which will be increased to
150,000 units. Nissan’s new
generation of pickup trucks, the NP 300
Navara, will also be produced at this plant.
China’s SAIC Motor Corp’s joint venture
withThailand’s Charoen Pokphand Group
(CP) is investing over US$1 billion to build
a new assembly plant in Chonburi. The
new plant will open in 2018 and replace
the joint venture’s original plant as the
main production site for British MG cars.
The larger plant will increase production
capacity from 50,000 units per-year to
150,000–200,000 units per-year.
Mazda invested over US$500 million in its
joint venture Auto Alliance Rayong plant
to manufacture Mazda’s new line of eco-
cars, the Mazda2. The new plant line has
a capacity of 158,000 units per-year. In
November 2014, manufacturing of the eco-
car Mazda2 officially commenced. Mazda is
one of the ten automotive manufacturers
participating in the second phase of
Thailand’s eco-car program. The Mazda2
is the first vehicle in production under the
banner of the eco-car program’s second
phase.
The top ten destinations of Thai automotive exports accounted for 57% of
all Thailand’s automotive exports worldwide. Australia and Indonesia are the
major destinations of Thai-manufactured automotive products.
Thailand’s Motor Vehicle Production by Unit, 2010-2014
2010 2011 2012 2013 2014
Passenger Car 554,387 537,987 957,623 1,066,647 742,748
Commercial Car
(exclude one-ton pickup)
24,158 20,608 43,842 55,440 23,695
One ton pickup 1,066,759 899,200 1,452,252 1,332,913 1,114,778
Total 1,645,304 1,457,795 2,453,717 2,455,000 1,881,221
Source:Thai Automotive Institute
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
2010 2011 2012 2013 2014
Thailand’s Automotive Industry Growth, 2010-2014
AutomotiveUnits
Production Domestic Sale Export
Source: Thai Automotive Institute
Top 10 Thailand’s Vehicle Export Destinations in 2014
Country Value (million US$) %
Australia 4,080 13.3%
Indonesia 2,692 8.8%
Malaysia 1,959 6.4%
Japan 1,936 6.3%
Philippines 1,753 5.8%
Saudi Arabia 1,614 5.3%
USA 1,056 3.5%
South Africa 810 2.6%
UAE 798 2.6%
Vietnam 759 2.5%
Total 17,457 57%
Source: The Ministry of Commerce
AUTOMOTIVE INDUSTRY
OVERVIEW
TheThaiautomotiveindustrycontinuestobeamainstayofThailand’seconomy.
In 2014, Thailand’s automotive industry was the largest export sector, with an
export value of US$30 billion according to the Thailand Ministry of Commerce.
Thailand is in a superb location for automotive production due to its strategic
location at the center of Southeast Asia, strongest supporting industry in the
region, excellent infrastructure, and strong government support.
With 2.46 million vehicles manufactured in Thailand in 2013, the country
was ranked 9th amongst automotive manufacturing countries in the world.
Even though Thailand’s automotive industry was affected by the economic
slowdown in 2014, the automotive industry is predicted to rebound in 2015
and see production reach 3 million units according to the Thai Automotive
Institute.
0
5
10
15
20
25
China
USA
Japan
Germany
SouthKorea
India
Brazil
Mexico
Thailand
Canada
Russia
Spain
France
UK
CzechRep.
Turkey
Indonesia
Global Automotive Production, 2013
UnitsProduced(millions)
Source: International Organization of Motor Vehicle
50 of the Top 100 Global OEM Parts Suppliers in Thailand, 2014
Robert Bosch
Delphi
Automotive
CalsonicKansei Tenneco Goodyear
Denso TRW Automotive Benteler Mitsubishi Electric Federal-Mogul
Magna
International
BASF Dana Brose TS Tech
Continental Valeo JATCO Plastic Omnium Grupo Antolin
Aisin Seiki Sumitomo Electric Toyoda Gosei NHK Spring Bayer
Johnson Controls Toyota Boshoku BorgWarner
Koito
Manufacturing
DuPont
Faurecia JTEKT Mahle Takata TI Automotive
ZF Friedrichshafen Cummins Visteon IAC Draexlmaier
Yazaki Schaeffler GKN Driveline NSK F-Tech
Lear Autoliv NTN Tokai Rika Pioneer
Source: Automotive News/PWC 2014
THAILAND’S
AUTO PARTS INDUSTRY
The automotive parts and components sector has been critical
to the success of Thailand’s automotive industry. Today, there are
approximately 2,400 automotive suppliers in the country, 709
of which are original equipment manufacturers (OEMs). Major
foreign parts and components manufacturers in Thailand include:
Bosch, Denso, Continental, Magna International, Aisin Seiki,
Johnson Controls, Faurecia, ZF Friedrichshafen, Yazaki, and Lear.
Thai-made automotive
parts are internationally
recognized for their high
quality. A report published
by the Japan Automobile
Manufacturers Association
stated that Thailand-made
automotive parts have the
highest quality among
ASEAN countries. Local
manufacturers supply
around 85% of the parts
used in pickup truck
assemblyandaround70%of
the parts used for passenger
cars assembled in Thailand.
Thailand produces nearly
100% of the parts used in
the domestic assembly of
motorcycles.
0.7%
8.0%
12.5%
78.8%
Thailand’s Auto Parts Export, 2014
OEM parts Engines Spare parts Others
Source: Thai Automotive Institute
AUTOMOTIVE
ELECTRONICS
Electronics have become an indispensable element of the modern automobile.
Electronics and electronic systems have improved a range of automobile
elements including: safety, fuel efficiency, performance, and comfort.
Furthermore, the current trends of alternative fuel vehicles, increased fuel
efficiency, and stricter emissions standards, are increasingly spurring demand
for automotive electronics. The global demand for automotive electronics
systems is expected to reach US$204.6 billion in 2014 and is forecast to reach
US$314.4 billion in 2020.
The need for cutting edge automotive electronics has dramatically increased
to satisfy the demand for“smart”vehicles. Automotive electronic components
are present in various systems including: power or engine controlling systems,
security, safety systems, driver assistance, diagnostic systems, passenger
comfort, information systems, and in-car entertainment.
As the largest automotive production center in ASEAN, opportunities in
Thailand’s automotive electronics market are increasingly visible as Thailand
pushestobecomeoneofthetopglobaleco-carmanufacturingcenters.Already
leading automotive electronics manufacturers such as Mizuki, Murata, Omron,
Toyota Tsusho, as well as other top manufacturers are found in Thailand.
OPPORTUNITIES
Thailand is the premier automotive production base in ASEAN. It is one of
the top ten global automobile manufacturers and a leading producer of
automotive components. While many leading vehicle manufacturers and auto
parts producers have production facilities in-country, some auto parts are still
imported from abroad. Manufacturing opportunities in Thailand for foreign
suppliers include: electric fuel-injection systems, substrates for catalytic
converters, automobile transmissions, electronic stability controls electric air
conditioning systems, and regenerative braking systems, among others.
As Thailand continues to lead Southeast Asia’s automotive industry, Thailand
will require more R&D, design and testing centers to maintain its industrial
supremacy. Major industrial leaders – such as Nissan, Toyota, Honda, and
Denso – already operate such facilities in Thailand.
 
Thailand offers business friendly tax schemes to encourage continued
investment in Thailand’s strategically vital industry. According to the Excise
Department, Ministry of Finance, the current automotive excise taxes scheme
is detailed as follows:
Automotive Excise Taxes (Until 2015)
Passenger Car
<2,000cc, <220HP
30%
2,000-2,500cc,
<220HP
35%
2,500-3,000cc,
<220HP
40%
>3,000cc, >220HP
50%
E20
<2,000cc, <220HP
25%
2,000-2,500cc,
<220HP
30%
2,500-3,000cc,
<220HP
35%
>3,000cc, >220HP
50%
Electronic /
Fuel Cell
10%
Eco-Car,
Gasoline
≤1,300cc for Gasoline Engines or ≤1,400cc for Diesel Engines 17%
Natural Gas 20%
Hybrid
Vehicle
<3,000cc
10%
>3,000cc
50%
Single Car
Pickup
<3,250cc
3%
>3,250cc
50%
Passenger
Pickup
<3,250cc
20%
>3,250cc
50%
Double Cap
Pickup
<3,250cc
12%
>3,250cc
50%
Source: Excise Department, Ministry of Finance
In order to promote greater adoption of green vehicles, the Thailand’s Ministry
ofFinancehasrestructuredautomotiveexcisetaxestobetter-alignwithvehicle
emissions. The new rates will be effective as of 1 January 2016, as follows:
Automotive Excise Taxes 2016
Vehicle Engine Size
Carbon dioxide (CO2) generate (g/km)
<100 100-150 150-200 >200
Passenger Car
<3,000 cc 30% 35% 40%
E85/CNG (OEM) 25% 30% 35%
>3,000 cc 50%
Hybrid
Vehicle
<3,000 cc 10% 20% 25% 30%
>3,000 cc 50%
Eco Car
1,300-1,400 cc 14%
17%
E85 12%
Vehicle Model/Engine size <200 >200
Pick-up
Single Cab 3% 5%
Space Cab 5% 7%
Double Cab 12% 15%
Pick-up
Passenger
<3,250 cc 25% 30%
>3,250 cc 50%
Source: Excise Department, Ministry of Finance
WHY THAILAND
The goal of Thailand’s Automotive Industry Master Plan (2012-2016) is to
transform Thailand into a global center for green automotive production. This
new focus will allow Thailand to expand its automotive industry and become
increasingly competitive on the global stage.
Nearly all of the world’s major automakers, assemblers, and parts and
components manufacturers have manufacturing presences in Thailand. All
of the leading Japanese automotive manufacturers have opened production
sites in the country, as have major western automotive firms such as BMW,
Daimler, Ford Motors, and General Motors.
“Thailand’s vision to become a manufacturing hub
for small, fuel-efficient cars has put the country at the
forefront of the ‘green automotive’ trend in ASEAN. With
continued support and the potential to influence the
automotive landscape within the AEC, Thailand’s world-
class automotive industry is positioned well for continued
success and sustainable growth in a high potential
segment of auto manufacturing.”
- Mr. Matt Bradley, President of ASEAN, Ford Motors -
Promising Investment
Destination
Thailand is an ideal location as a world-class automotive production base.
Nearly all of the world’s major automotive manufacturers have production
facilities in the country. Strategically situated in the center of Southeast Asia,
Thailand provides easy access to the world’s fastest growing regional market.
These are the factors that contribute to the market entry opportunities for
foreign investors.
Theautomotiveindustry’sgovernmentsupportprovidesforeigninvestorswith
tax and non-tax incentives for the manufacturing of vehicles, vehicle parts, and
for automotive R&D and testing. The Thai government also does not impose
export requirements, local content requirements, location requirements, or
foreign equity restrictions on foreigners involved in the previously stated
activities.
Abundant skilled-labor
supply
Thailand has a highly efficient, skilled, and affordable labor pool. In 2014, more
than 550,000 workers were employed in the automotive industry. Thailand’s
workforce, among ASEAN states, is one of the most skilled and well trained.
Automotive firms in Thailand are currently applying the successful German
apprenticeship system in their own Thai operations in order to train the next
generation of skilled labor for Thailand’s growing automotive industry.
The Thai Government is cooperating with the private sector on programs
designedtotrainhighlyskilledemployeesfortheindustry.TheNationalScience
and Technology Development Agency (NSTDA) supports the development
of the automotive sector’s human resources through academic training
programs, and technician & researcher exchange programs. Additionally, the
Ministry of Education’s Office of the Vocational Education Commission (VEC)
also aims to support the development of skilled vocational labor. In 2014, VEC
coordinated with Thai educational institutes to send young technicians to
internship programs with world leading automotive manufacturers such as
Isuzu, Toyota, General Motors (Chevrolet), and Robert Bosch.
Auto Parts Clusters
The automotive industry is considered a strategically important sector for the
Thai economy. Under government support and guidance, auto parts clusters
were developed to tighten business connections between automotive firms
and their suppliers, lower logistics costs, and improve efficiencies.
Excellent Infrastructure
Thailand is a transportation hub of the ASEAN region. The country provides
world-class infrastructure along with cost effective logistics. Thailand’s
extensive road and rail networks span the nation, facilitating access to nearby
countries. Bangkok’s Suvarnabhumi International Airport and Laem Chabang
deep-sea port are globally recognized gateways of global logistics. Thailand
offers manufacturers a geographically accessible and logistically convenient
location.
Thailand’s Trade
Liberalization
In order to enhance global commerce opportunities, Thailand has bilateral
free trade agreements with many countries, including Japan, India, China,
Australia, and New Zealand. Thailand is also currently in the process of
establishing free trade agreements with the European Union, Canada, Turkey,
and Chile. As a member of ASEAN, Thailand participates in multilateral free
trade agreements with China, South Korea, Australia, New Zealand, India, and
Japan. Furthermore, the ASEAN Free Trade Agreement (AFTA) has expanded
Thailand’s market to include the 10 member states of ASEAN that collectively
comprise a market of 600 million consumers.
The establishment of the ASEAN Economic Community (AEC) in 2015 will fully
integrate this US$2 trillion market into the global economy.This new economic
bloc with streamlined movement of goods, services, and investment capital
will provide unparalleled opportunities for manufacturers
Excellent Government
Support
The Thai government views the automotive industry as a cornerstone of the
Thai market and is preparing to make Thailand one of the premier global
automotive hubs by promoting the country as a global green automotive
production base. The Master Plan for Automotive Industry (2012-2016) was
developed with the goal of establishing the Kingdom as one of the world’s
key automotive manufacturing locations. The plan calls for increasing vehicle
output by an average of 10% annually and by making the country one of the
top ten auto-manufacturing countries, a goal that has already been achieved
in 2012 when became the ninth largest global automotive manufacturer.
To support automotive investments, BOI has a nurtured a philosophy that
promotes a liberalized and transparent market and providing equal treatment
to all market players. Thailand has created the ideal business environment for
the auto industry. The nation has prepared essential resources for every type
of automotive business, including: basic infrastructure, a highly qualified labor
force, as well as robust upstream and supporting industries.
“On arrival of the AEC in 2015, all 10 member states will
merge into one market. Thailand shares borders with 5
othercountriesmakingitanaturalcommercecrossroadin
SoutheastAsia.AsaresultofThailand’suniquegeographic
position and world class supply chain,Thailand is an ideal
location for an Automobile hub.”
- Mr. Thanawat Koonsin,
President of the Thai Automotive Industry Association -
ATTRACTIVE
INVESTMENT INCENTIVES
Thailand Board of Investment (BOI) offers a wide range of tax and non-tax
incentives for projects that meet national development objectives.
Tax-based incentives include exemption or reduction of import duties on
machinery and raw materials, and corporate income tax exemption of up to
eight years. Non-tax incentives include permission to bring in expatriates, own
land and take or remit foreign currency abroad.
Recognizing the importance of the automotive sector to the continued
development of the Thai economy, tax incentives are granted to approved
projects in numerous automotive activities, including manufacture of vehicle
parts; manufacture of rubber tires for vehicles; manufacture of automobile
engines; manufacture of motorcycles; manufacture of fuel cells; and etc.
FURTHER INFORMATION
Thailand Board of Investment (BOI): www.boi.go.th
Thailand Automotive Institute (TAI): www.thaiauto.or.th
Thai Automotive Industry Association (TAIA): www.taia.or.th
Thai Autoparts Manufacturers Association (TAPMA): www.thaiautoparts.or.th
ASEAN Supporting Industry Database (ASID): www.asidnet.org
CONTACT US
HEAD OFFICES
OFFICE OF THE BOARD OF INVESTMENT
555 Vibhavadi-Rangsit Rd., Chatuchak, Bangkok 10900
Tel: 	 +66 (0) 2553-8111
Fax: 	 +66 (0) 2553-8316, +66 (0) 2553-8222
Website: www.boi.go.th
Email: head@boi.go.th
ONE START ONE STOP INVESTMENT CENTER (OSOS)
18th
Floor, Chamchuri Square Building,
319 Phayathai Rd., Pathumwan, Bangkok 10330
Tel: 	 +66 (0) 2209-1100
Fax: 	 +66 (0) 2209-1199
Website: osos.boi.go.th
Email: osos@boi.go.th
ONE STOP SERVICE CENTER FOR VISAS AND WORK PERMITS
18th
Floor, Chamchuri Square Building,
319 Phayathai Rd., Pathumwan, Bangkok 10330
Tel: 	 +66 (0) 2209-1100
Fax: 	 +66 (0) 2209-1194
Email: visawork@boi.go.th
INVESTOR CLUB ASSOCIATION (ICA)
12th
and 16th
Floor, TP&T Building, 1 Soi Vibhavadi-Rangsit 19,
Vibhavadi-Rangsit Rd., Lad Yao, Chatuchak, Bangkok 10900
Tel: 	 +66 (0) 2936-1429
Fax: 	 +66 (0) 2936-1441-2
Website: www.ic.or.th
Email: is-investor@ic.or.th
REGIONAL OFFICES
REGIONAL INVESTMENT AND ECONOMIC CENTER 1
CHIANG MAI OFFICE
Airport Business Park 108-110,
90 Mahidol Road, Amphur Muang, Chiang Mai 50100
Tel: 	 +66 (0) 5320 3397-400
Fax: 	 +66 (0) 5320 3404
Email: chmai@boi.go.th
PHITSANULOK OFFICE
3rd
Floor, Thai Sivarat Building, 59/15 Boromtrilokkanat 2 Rd.,
Naimuang, Amphur Muang, Phitsanulok 65000
Tel: 	 +66 (0) 5524-8111
Fax: 	 +66 (0) 5524-8777
Email: phitsanulok@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 2
NAKHON RATCHASIMA
2112/22 Mitraphab Road, Amphur Muang, Nakhon Ratchasima 30000
Tel: 	 +66 (0) 4421 3184-6
Fax: 	 +66 (0) 4421 3182
Email: korat@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 3
KHONKAEN
177/54 Moo 17, Mitraphab Road, Amphur Muang, Khonkaen 40000
Tel: 	 +66 (0) 4327 1300-2
Fax: 	 +66 (0) 4327 1303
Email: khonkaen@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 4
CHONBURI
46 Moo 5 Laem Chabang Industrial Estate, Sukhumvit Road,
Toongsukhla, Sriracha, Chonburi 20230
Tel: 	 +66 (0) 3840 4900
Fax: 	 +66 (0) 3840 4997, +66 (0) 3840 4999
Email: chonburi@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 5
SONGKHLA
7-15 Chaiyong Building Juti Uthit 1 Road, Hadd Yai, Songkhla 90110
Tel: 	 +66 (0) 7434 7161-5
Fax: 	 +66 (0) 7434 7160
Email: songkhla@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 6
SURAT THANI
49/21-22 Sriwichai Road, Makhamtia, Amphur Muang,
Surat Thani 84000
Tel: 	 +66 (0) 7728 4637, +66 (0) 7728 4435
Fax: 	 +66 (0) 7728 4638
Email: surat@boi.go.th
OVERSEAS OFFICES
BEIJING
Thailand Board of Investment, Beijing Office
Royal Thai Embassy, No.40 Guang Hua Rd., Beijing 100600 P.R.C.
Tel: 	 +86-10-6532-4510
Fax: 	 +86-10-6532-1620
Email: beijing@boi.go.th
FRANKFURT
Thailand Board of Investment, Frankfurt Office
Investment Section, Royal Thai Consulate-General
Bethmannstr. 58,5.0G
60311 Frankfurt am Main,
Federal Republic of Germany
Tel: 	 +49 (069) 92 91 230
Fax: 	 +49 (069) 92 91 2320
Email: fra@boi.go.th
GUANGZHOU
Thailand Board of Investment, Guangzhou Office
Investment Promotion Section, Royal Thai Consulate-General,
No.36 Youhe Road, Haizhu District, Guangzhou, P.R.C. 510310
Tel: 	 +86-20-8385-8988 Ext. 220-225
	 +86-20-8387-7770 (Direct line)
Fax: 	 +86-20-8387-2700
Email: guangzhou@boi.go.th
LOS ANGELES
Thailand Board of Investment, Los Angeles Office
Royal Thai Consulate-General, 611 North Larchmont Boulevard,
3rd
Floor, Los Angeles CA 90004, U.S.A.
Tel: 	 +1 (0)-323-960-1199
Fax: 	 +1 (0)-323-960-1190
Email: boila@boi.go.th
MUMBAI
Thailand Board of Investment, Mumbai Office
Express Tower, 12th
Fl., Barrister Rajni Patel Marg,
Nariman Point, Mumbai, Maharashtra 400021
Tel: 	 +(91 22) 2204 1589-90
Fax: 	 +(91 22) 2282 1071
Email: mumbai@boi.go.th
NEW YORK
Thailand Board of Investment, New York Office
7 World Trade Center, 34th
Floor. Suite F,
250 Greenwich Street, New York, New York 10007, U.S.A.
Tel: 	 +1 (0) 212 422 9009
Fax: 	 +1 (0) 212 422 9119
Email: nyc@boi.go.th
Website: www.thinkasiainvestthailand.com
OSAKA
Thailand Board of Investment, Osaka Office
Royal Thai Consulate-General, Bangkok Bank Building, 7th
Floor,
1-9-16 Kyutaro-Machi, Chuo-Ku, Osaka 541-0056 Japan
Tel:	 +81 (0) 6-6271-1395
Fax:	 +81 (0) 6-6271-1394
Email: osaka@boi.go.th
PARIS
Thailand Board of Investment, Paris Office
Ambassade Royale de Thaïlande
8, rue Greuze, 75116 Paris, France
Tel: 	 +(33-1) 56 90 26 00
Fax: 	 +(33-1) 56 90 26 02
Email: par@boi.go.th
SEOUL
Thailand Board of Investment, Seoul Office
#1804, 18th
Floor, Koryo Daeyeongak Center,
97 Toegye-ro, Jung-gu, Seoul, 100-706, Korea
Tel:	+82-2-319-9998
Fax:	+82-2-319-9997
Email: seoul@boi.go.th
SHANGHAI
Thailand Board of Investment, Shanghai Office
Royal Thai Consulate-General, 15th
Floor, Crystal Century Tower,
567 Weihai Rd., Shanghai 200041, P.R.C
Tel:	+86-21-6288-9728-9
Fax:	+86-21-6288-9730
Email: shanghai@boi.go.th
STOCKHOLM
Thailand Board of Investment, Stockholm Office
Stureplan 4C 4th
Floor, 114 35 Stockholm, Sweden
Tel:	 +46 (0) 8463 1158, +46 (0) 8463 1174-75
Fax:	 +46 (0) 8463 1160
Email: stockholm@boi.go.th
SYDNEY
Thailand Board of Investment, Sydney Office
234 George Street, Sydney, Suite 101, Level 1,
New South Wales 2000, Australia
Tel: +61-2-9252-4884
Tel: +61-2-9252-4882
Email: sydney@boi.go.th
TAIPEI
Thailand Board of Investment, Taipei Office
Taipei World Trade Center, 3rd
Floor, Room 3E 39-40
No.5 Xin-Yi Rd., Sec. 5 Taipei 110, Taiwan R.O.C.
Tel:	+886-2-2345-6663
Fax:	+886-2-2345-9223
Email: taipei@boi.go.th
TOKYO
Thailand Board of Investment, Tokyo Office
Royal Thai Embassy, 8th
Floor, Fukuda Building West,
2-11-3, Akasaka, Minato-ku, Tokyo 107-0052 Japan
Tel:	 +81 (0) 3-3582-1806
Fax:	 +81 (0) 3-3589-5176
Email: tyo@boi.go.th

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Thailand: Global Green Automotive Production Hub

  • 2. THAILAND: GLOBAL GREEN AUTOMOTIVE PRODUCTION BASE Thailand’s automotive industry has been continuously developing for over 50 years with strong support from both the public and private sectors. The Kingdom is the largest automotive producer among Southeast Asian countries, one of the top automotive producers in the world, and is now ASEAN’s automotive hub. The automotive industry is a key industry for Thailand, accounting for approximately12%ofthecountry’sgrossdomesticproduct(GDP).In2013,Thai automotive production capacity stood at 2.85 million vehicles and the industry employed over 550,000 people. In order to develop Thailand as a global green automotive production base and promote automotive technology research and development, the government coordinated with the private sector to formulate the Master Plan for Automotive Industry (2012-2016). Thailand has approximately 709Tier 1 auto-parts suppliers and 1,700Tier 2 and 3 suppliers. More than half of the Tier 1 suppliers are automotive component companies. Of the top 100 auto parts manufacturers in the world, 50% have factories in Thailand. Thailand’s production base is diverse enough to supply all necessary components, from tires to structural components. Major multinational automotive industry leaders with presence in Thailand include: Auto Alliance Thailand (Ford and Mazda), BMW Manufacturing, General Motors, Hino Motor, Honda Automobile, Isuzu Motors, Toyota Motors, Mercedes-Benz Thailand, Mitsubishi Motors, Nissan Motors, Tata Motors, Suzuki Motor, and Volvo Car Thailand. “The automotive industry has played an important role in Thailand’s economy for decades. With a strong local supply chain, efficient infrastructures, good collaboration between government and private sectors, together with the recent approval of Eco car phase 2, I strongly believe that Thailand has high potential to be the leading global green automotive production hub of the world.” -Mr. Vichai Jirathiyut, President of Thailand Automotive Institute- Structure of Thai Automotive Industry Assembler (18 car makers, 8 motocycle makers) 100,000 workers LSEs Large Scale Enterprises Foreign J/V Local Suppliers Foreign Majority 54% Thai Majority 23% Pure Thai 23% SMEs Small & Medium Enterprises Tier 1 (709 companies) Tier 2, 3 (1,700 companies) 450,000workers Source: Thai Autoparts Manufacturers Association, 2014
  • 3. Big Industry Drivers The Thai automotive industry saw historic growth during 2012 and 2013. Both these years sawThailand produce over two million vehicles. Thailand’s successful Eco Car Project initiated its second phase in 2013, marking a new phase in the Thai automotive industry. The second phase has attracted investment applications from major car manufacturers including: Ford, General Motors, Honda, Mazda, Mitsubishi, Nissan, SAIC, Suzuki, and Toyota. Phase two projects are investing US$4.3 billion with total production capacity of 1.5 million units. This major shift in the Thai automotive industry offers countless opportunities for parts and components manufacturers as more and more components will be needed to meet the demands of eco-car participants who are rapidly increasing their presence in Thailand. In 2014, global automotive firms increased investments in their Thai operations as Thailand’s automotive industry continues to thrive. Below are a number of notable investments. Honda plans to invest US$1.1 billion for a new Prachinburi plant. The new plant will open in 2015 and produce small and subcompact vehicles. The Prachinburi plant will increase production capacity by 120,000 units per-year. Nissan opened its second assembly plant in 2014 on Bangna-Trat Road. The new plant has a current capacity of 75,000 units per-year, which will be increased to 150,000 units. Nissan’s new generation of pickup trucks, the NP 300 Navara, will also be produced at this plant. China’s SAIC Motor Corp’s joint venture withThailand’s Charoen Pokphand Group (CP) is investing over US$1 billion to build a new assembly plant in Chonburi. The new plant will open in 2018 and replace the joint venture’s original plant as the main production site for British MG cars. The larger plant will increase production capacity from 50,000 units per-year to 150,000–200,000 units per-year. Mazda invested over US$500 million in its joint venture Auto Alliance Rayong plant to manufacture Mazda’s new line of eco- cars, the Mazda2. The new plant line has a capacity of 158,000 units per-year. In November 2014, manufacturing of the eco- car Mazda2 officially commenced. Mazda is one of the ten automotive manufacturers participating in the second phase of Thailand’s eco-car program. The Mazda2 is the first vehicle in production under the banner of the eco-car program’s second phase.
  • 4. The top ten destinations of Thai automotive exports accounted for 57% of all Thailand’s automotive exports worldwide. Australia and Indonesia are the major destinations of Thai-manufactured automotive products. Thailand’s Motor Vehicle Production by Unit, 2010-2014 2010 2011 2012 2013 2014 Passenger Car 554,387 537,987 957,623 1,066,647 742,748 Commercial Car (exclude one-ton pickup) 24,158 20,608 43,842 55,440 23,695 One ton pickup 1,066,759 899,200 1,452,252 1,332,913 1,114,778 Total 1,645,304 1,457,795 2,453,717 2,455,000 1,881,221 Source:Thai Automotive Institute 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 2010 2011 2012 2013 2014 Thailand’s Automotive Industry Growth, 2010-2014 AutomotiveUnits Production Domestic Sale Export Source: Thai Automotive Institute Top 10 Thailand’s Vehicle Export Destinations in 2014 Country Value (million US$) % Australia 4,080 13.3% Indonesia 2,692 8.8% Malaysia 1,959 6.4% Japan 1,936 6.3% Philippines 1,753 5.8% Saudi Arabia 1,614 5.3% USA 1,056 3.5% South Africa 810 2.6% UAE 798 2.6% Vietnam 759 2.5% Total 17,457 57% Source: The Ministry of Commerce AUTOMOTIVE INDUSTRY OVERVIEW TheThaiautomotiveindustrycontinuestobeamainstayofThailand’seconomy. In 2014, Thailand’s automotive industry was the largest export sector, with an export value of US$30 billion according to the Thailand Ministry of Commerce. Thailand is in a superb location for automotive production due to its strategic location at the center of Southeast Asia, strongest supporting industry in the region, excellent infrastructure, and strong government support. With 2.46 million vehicles manufactured in Thailand in 2013, the country was ranked 9th amongst automotive manufacturing countries in the world. Even though Thailand’s automotive industry was affected by the economic slowdown in 2014, the automotive industry is predicted to rebound in 2015 and see production reach 3 million units according to the Thai Automotive Institute. 0 5 10 15 20 25 China USA Japan Germany SouthKorea India Brazil Mexico Thailand Canada Russia Spain France UK CzechRep. Turkey Indonesia Global Automotive Production, 2013 UnitsProduced(millions) Source: International Organization of Motor Vehicle
  • 5. 50 of the Top 100 Global OEM Parts Suppliers in Thailand, 2014 Robert Bosch Delphi Automotive CalsonicKansei Tenneco Goodyear Denso TRW Automotive Benteler Mitsubishi Electric Federal-Mogul Magna International BASF Dana Brose TS Tech Continental Valeo JATCO Plastic Omnium Grupo Antolin Aisin Seiki Sumitomo Electric Toyoda Gosei NHK Spring Bayer Johnson Controls Toyota Boshoku BorgWarner Koito Manufacturing DuPont Faurecia JTEKT Mahle Takata TI Automotive ZF Friedrichshafen Cummins Visteon IAC Draexlmaier Yazaki Schaeffler GKN Driveline NSK F-Tech Lear Autoliv NTN Tokai Rika Pioneer Source: Automotive News/PWC 2014 THAILAND’S AUTO PARTS INDUSTRY The automotive parts and components sector has been critical to the success of Thailand’s automotive industry. Today, there are approximately 2,400 automotive suppliers in the country, 709 of which are original equipment manufacturers (OEMs). Major foreign parts and components manufacturers in Thailand include: Bosch, Denso, Continental, Magna International, Aisin Seiki, Johnson Controls, Faurecia, ZF Friedrichshafen, Yazaki, and Lear. Thai-made automotive parts are internationally recognized for their high quality. A report published by the Japan Automobile Manufacturers Association stated that Thailand-made automotive parts have the highest quality among ASEAN countries. Local manufacturers supply around 85% of the parts used in pickup truck assemblyandaround70%of the parts used for passenger cars assembled in Thailand. Thailand produces nearly 100% of the parts used in the domestic assembly of motorcycles. 0.7% 8.0% 12.5% 78.8% Thailand’s Auto Parts Export, 2014 OEM parts Engines Spare parts Others Source: Thai Automotive Institute AUTOMOTIVE ELECTRONICS Electronics have become an indispensable element of the modern automobile. Electronics and electronic systems have improved a range of automobile elements including: safety, fuel efficiency, performance, and comfort. Furthermore, the current trends of alternative fuel vehicles, increased fuel efficiency, and stricter emissions standards, are increasingly spurring demand for automotive electronics. The global demand for automotive electronics systems is expected to reach US$204.6 billion in 2014 and is forecast to reach US$314.4 billion in 2020. The need for cutting edge automotive electronics has dramatically increased to satisfy the demand for“smart”vehicles. Automotive electronic components are present in various systems including: power or engine controlling systems, security, safety systems, driver assistance, diagnostic systems, passenger comfort, information systems, and in-car entertainment. As the largest automotive production center in ASEAN, opportunities in Thailand’s automotive electronics market are increasingly visible as Thailand pushestobecomeoneofthetopglobaleco-carmanufacturingcenters.Already leading automotive electronics manufacturers such as Mizuki, Murata, Omron, Toyota Tsusho, as well as other top manufacturers are found in Thailand.
  • 6. OPPORTUNITIES Thailand is the premier automotive production base in ASEAN. It is one of the top ten global automobile manufacturers and a leading producer of automotive components. While many leading vehicle manufacturers and auto parts producers have production facilities in-country, some auto parts are still imported from abroad. Manufacturing opportunities in Thailand for foreign suppliers include: electric fuel-injection systems, substrates for catalytic converters, automobile transmissions, electronic stability controls electric air conditioning systems, and regenerative braking systems, among others. As Thailand continues to lead Southeast Asia’s automotive industry, Thailand will require more R&D, design and testing centers to maintain its industrial supremacy. Major industrial leaders – such as Nissan, Toyota, Honda, and Denso – already operate such facilities in Thailand.   Thailand offers business friendly tax schemes to encourage continued investment in Thailand’s strategically vital industry. According to the Excise Department, Ministry of Finance, the current automotive excise taxes scheme is detailed as follows: Automotive Excise Taxes (Until 2015) Passenger Car <2,000cc, <220HP 30% 2,000-2,500cc, <220HP 35% 2,500-3,000cc, <220HP 40% >3,000cc, >220HP 50% E20 <2,000cc, <220HP 25% 2,000-2,500cc, <220HP 30% 2,500-3,000cc, <220HP 35% >3,000cc, >220HP 50% Electronic / Fuel Cell 10% Eco-Car, Gasoline ≤1,300cc for Gasoline Engines or ≤1,400cc for Diesel Engines 17% Natural Gas 20% Hybrid Vehicle <3,000cc 10% >3,000cc 50% Single Car Pickup <3,250cc 3% >3,250cc 50% Passenger Pickup <3,250cc 20% >3,250cc 50% Double Cap Pickup <3,250cc 12% >3,250cc 50% Source: Excise Department, Ministry of Finance In order to promote greater adoption of green vehicles, the Thailand’s Ministry ofFinancehasrestructuredautomotiveexcisetaxestobetter-alignwithvehicle emissions. The new rates will be effective as of 1 January 2016, as follows: Automotive Excise Taxes 2016 Vehicle Engine Size Carbon dioxide (CO2) generate (g/km) <100 100-150 150-200 >200 Passenger Car <3,000 cc 30% 35% 40% E85/CNG (OEM) 25% 30% 35% >3,000 cc 50% Hybrid Vehicle <3,000 cc 10% 20% 25% 30% >3,000 cc 50% Eco Car 1,300-1,400 cc 14% 17% E85 12% Vehicle Model/Engine size <200 >200 Pick-up Single Cab 3% 5% Space Cab 5% 7% Double Cab 12% 15% Pick-up Passenger <3,250 cc 25% 30% >3,250 cc 50% Source: Excise Department, Ministry of Finance WHY THAILAND The goal of Thailand’s Automotive Industry Master Plan (2012-2016) is to transform Thailand into a global center for green automotive production. This new focus will allow Thailand to expand its automotive industry and become increasingly competitive on the global stage. Nearly all of the world’s major automakers, assemblers, and parts and components manufacturers have manufacturing presences in Thailand. All of the leading Japanese automotive manufacturers have opened production sites in the country, as have major western automotive firms such as BMW, Daimler, Ford Motors, and General Motors. “Thailand’s vision to become a manufacturing hub for small, fuel-efficient cars has put the country at the forefront of the ‘green automotive’ trend in ASEAN. With continued support and the potential to influence the automotive landscape within the AEC, Thailand’s world- class automotive industry is positioned well for continued success and sustainable growth in a high potential segment of auto manufacturing.” - Mr. Matt Bradley, President of ASEAN, Ford Motors -
  • 7. Promising Investment Destination Thailand is an ideal location as a world-class automotive production base. Nearly all of the world’s major automotive manufacturers have production facilities in the country. Strategically situated in the center of Southeast Asia, Thailand provides easy access to the world’s fastest growing regional market. These are the factors that contribute to the market entry opportunities for foreign investors. Theautomotiveindustry’sgovernmentsupportprovidesforeigninvestorswith tax and non-tax incentives for the manufacturing of vehicles, vehicle parts, and for automotive R&D and testing. The Thai government also does not impose export requirements, local content requirements, location requirements, or foreign equity restrictions on foreigners involved in the previously stated activities. Abundant skilled-labor supply Thailand has a highly efficient, skilled, and affordable labor pool. In 2014, more than 550,000 workers were employed in the automotive industry. Thailand’s workforce, among ASEAN states, is one of the most skilled and well trained. Automotive firms in Thailand are currently applying the successful German apprenticeship system in their own Thai operations in order to train the next generation of skilled labor for Thailand’s growing automotive industry. The Thai Government is cooperating with the private sector on programs designedtotrainhighlyskilledemployeesfortheindustry.TheNationalScience and Technology Development Agency (NSTDA) supports the development of the automotive sector’s human resources through academic training programs, and technician & researcher exchange programs. Additionally, the Ministry of Education’s Office of the Vocational Education Commission (VEC) also aims to support the development of skilled vocational labor. In 2014, VEC coordinated with Thai educational institutes to send young technicians to internship programs with world leading automotive manufacturers such as Isuzu, Toyota, General Motors (Chevrolet), and Robert Bosch. Auto Parts Clusters The automotive industry is considered a strategically important sector for the Thai economy. Under government support and guidance, auto parts clusters were developed to tighten business connections between automotive firms and their suppliers, lower logistics costs, and improve efficiencies. Excellent Infrastructure Thailand is a transportation hub of the ASEAN region. The country provides world-class infrastructure along with cost effective logistics. Thailand’s extensive road and rail networks span the nation, facilitating access to nearby countries. Bangkok’s Suvarnabhumi International Airport and Laem Chabang deep-sea port are globally recognized gateways of global logistics. Thailand offers manufacturers a geographically accessible and logistically convenient location.
  • 8. Thailand’s Trade Liberalization In order to enhance global commerce opportunities, Thailand has bilateral free trade agreements with many countries, including Japan, India, China, Australia, and New Zealand. Thailand is also currently in the process of establishing free trade agreements with the European Union, Canada, Turkey, and Chile. As a member of ASEAN, Thailand participates in multilateral free trade agreements with China, South Korea, Australia, New Zealand, India, and Japan. Furthermore, the ASEAN Free Trade Agreement (AFTA) has expanded Thailand’s market to include the 10 member states of ASEAN that collectively comprise a market of 600 million consumers. The establishment of the ASEAN Economic Community (AEC) in 2015 will fully integrate this US$2 trillion market into the global economy.This new economic bloc with streamlined movement of goods, services, and investment capital will provide unparalleled opportunities for manufacturers Excellent Government Support The Thai government views the automotive industry as a cornerstone of the Thai market and is preparing to make Thailand one of the premier global automotive hubs by promoting the country as a global green automotive production base. The Master Plan for Automotive Industry (2012-2016) was developed with the goal of establishing the Kingdom as one of the world’s key automotive manufacturing locations. The plan calls for increasing vehicle output by an average of 10% annually and by making the country one of the top ten auto-manufacturing countries, a goal that has already been achieved in 2012 when became the ninth largest global automotive manufacturer. To support automotive investments, BOI has a nurtured a philosophy that promotes a liberalized and transparent market and providing equal treatment to all market players. Thailand has created the ideal business environment for the auto industry. The nation has prepared essential resources for every type of automotive business, including: basic infrastructure, a highly qualified labor force, as well as robust upstream and supporting industries. “On arrival of the AEC in 2015, all 10 member states will merge into one market. Thailand shares borders with 5 othercountriesmakingitanaturalcommercecrossroadin SoutheastAsia.AsaresultofThailand’suniquegeographic position and world class supply chain,Thailand is an ideal location for an Automobile hub.” - Mr. Thanawat Koonsin, President of the Thai Automotive Industry Association - ATTRACTIVE INVESTMENT INCENTIVES Thailand Board of Investment (BOI) offers a wide range of tax and non-tax incentives for projects that meet national development objectives. Tax-based incentives include exemption or reduction of import duties on machinery and raw materials, and corporate income tax exemption of up to eight years. Non-tax incentives include permission to bring in expatriates, own land and take or remit foreign currency abroad. Recognizing the importance of the automotive sector to the continued development of the Thai economy, tax incentives are granted to approved projects in numerous automotive activities, including manufacture of vehicle parts; manufacture of rubber tires for vehicles; manufacture of automobile engines; manufacture of motorcycles; manufacture of fuel cells; and etc. FURTHER INFORMATION Thailand Board of Investment (BOI): www.boi.go.th Thailand Automotive Institute (TAI): www.thaiauto.or.th Thai Automotive Industry Association (TAIA): www.taia.or.th Thai Autoparts Manufacturers Association (TAPMA): www.thaiautoparts.or.th ASEAN Supporting Industry Database (ASID): www.asidnet.org
  • 9. CONTACT US HEAD OFFICES OFFICE OF THE BOARD OF INVESTMENT 555 Vibhavadi-Rangsit Rd., Chatuchak, Bangkok 10900 Tel: +66 (0) 2553-8111 Fax: +66 (0) 2553-8316, +66 (0) 2553-8222 Website: www.boi.go.th Email: head@boi.go.th ONE START ONE STOP INVESTMENT CENTER (OSOS) 18th Floor, Chamchuri Square Building, 319 Phayathai Rd., Pathumwan, Bangkok 10330 Tel: +66 (0) 2209-1100 Fax: +66 (0) 2209-1199 Website: osos.boi.go.th Email: osos@boi.go.th ONE STOP SERVICE CENTER FOR VISAS AND WORK PERMITS 18th Floor, Chamchuri Square Building, 319 Phayathai Rd., Pathumwan, Bangkok 10330 Tel: +66 (0) 2209-1100 Fax: +66 (0) 2209-1194 Email: visawork@boi.go.th INVESTOR CLUB ASSOCIATION (ICA) 12th and 16th Floor, TP&T Building, 1 Soi Vibhavadi-Rangsit 19, Vibhavadi-Rangsit Rd., Lad Yao, Chatuchak, Bangkok 10900 Tel: +66 (0) 2936-1429 Fax: +66 (0) 2936-1441-2 Website: www.ic.or.th Email: is-investor@ic.or.th REGIONAL OFFICES REGIONAL INVESTMENT AND ECONOMIC CENTER 1 CHIANG MAI OFFICE Airport Business Park 108-110, 90 Mahidol Road, Amphur Muang, Chiang Mai 50100 Tel: +66 (0) 5320 3397-400 Fax: +66 (0) 5320 3404 Email: chmai@boi.go.th PHITSANULOK OFFICE 3rd Floor, Thai Sivarat Building, 59/15 Boromtrilokkanat 2 Rd., Naimuang, Amphur Muang, Phitsanulok 65000 Tel: +66 (0) 5524-8111 Fax: +66 (0) 5524-8777 Email: phitsanulok@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 2 NAKHON RATCHASIMA 2112/22 Mitraphab Road, Amphur Muang, Nakhon Ratchasima 30000 Tel: +66 (0) 4421 3184-6 Fax: +66 (0) 4421 3182 Email: korat@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 3 KHONKAEN 177/54 Moo 17, Mitraphab Road, Amphur Muang, Khonkaen 40000 Tel: +66 (0) 4327 1300-2 Fax: +66 (0) 4327 1303 Email: khonkaen@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 4 CHONBURI 46 Moo 5 Laem Chabang Industrial Estate, Sukhumvit Road, Toongsukhla, Sriracha, Chonburi 20230 Tel: +66 (0) 3840 4900 Fax: +66 (0) 3840 4997, +66 (0) 3840 4999 Email: chonburi@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 5 SONGKHLA 7-15 Chaiyong Building Juti Uthit 1 Road, Hadd Yai, Songkhla 90110 Tel: +66 (0) 7434 7161-5 Fax: +66 (0) 7434 7160 Email: songkhla@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 6 SURAT THANI 49/21-22 Sriwichai Road, Makhamtia, Amphur Muang, Surat Thani 84000 Tel: +66 (0) 7728 4637, +66 (0) 7728 4435 Fax: +66 (0) 7728 4638 Email: surat@boi.go.th OVERSEAS OFFICES BEIJING Thailand Board of Investment, Beijing Office Royal Thai Embassy, No.40 Guang Hua Rd., Beijing 100600 P.R.C. Tel: +86-10-6532-4510 Fax: +86-10-6532-1620 Email: beijing@boi.go.th FRANKFURT Thailand Board of Investment, Frankfurt Office Investment Section, Royal Thai Consulate-General Bethmannstr. 58,5.0G 60311 Frankfurt am Main, Federal Republic of Germany Tel: +49 (069) 92 91 230 Fax: +49 (069) 92 91 2320 Email: fra@boi.go.th GUANGZHOU Thailand Board of Investment, Guangzhou Office Investment Promotion Section, Royal Thai Consulate-General, No.36 Youhe Road, Haizhu District, Guangzhou, P.R.C. 510310 Tel: +86-20-8385-8988 Ext. 220-225 +86-20-8387-7770 (Direct line) Fax: +86-20-8387-2700 Email: guangzhou@boi.go.th LOS ANGELES Thailand Board of Investment, Los Angeles Office Royal Thai Consulate-General, 611 North Larchmont Boulevard, 3rd Floor, Los Angeles CA 90004, U.S.A. Tel: +1 (0)-323-960-1199 Fax: +1 (0)-323-960-1190 Email: boila@boi.go.th MUMBAI Thailand Board of Investment, Mumbai Office Express Tower, 12th Fl., Barrister Rajni Patel Marg, Nariman Point, Mumbai, Maharashtra 400021 Tel: +(91 22) 2204 1589-90 Fax: +(91 22) 2282 1071 Email: mumbai@boi.go.th NEW YORK Thailand Board of Investment, New York Office 7 World Trade Center, 34th Floor. Suite F, 250 Greenwich Street, New York, New York 10007, U.S.A. Tel: +1 (0) 212 422 9009 Fax: +1 (0) 212 422 9119 Email: nyc@boi.go.th Website: www.thinkasiainvestthailand.com OSAKA Thailand Board of Investment, Osaka Office Royal Thai Consulate-General, Bangkok Bank Building, 7th Floor, 1-9-16 Kyutaro-Machi, Chuo-Ku, Osaka 541-0056 Japan Tel: +81 (0) 6-6271-1395 Fax: +81 (0) 6-6271-1394 Email: osaka@boi.go.th PARIS Thailand Board of Investment, Paris Office Ambassade Royale de Thaïlande 8, rue Greuze, 75116 Paris, France Tel: +(33-1) 56 90 26 00 Fax: +(33-1) 56 90 26 02 Email: par@boi.go.th SEOUL Thailand Board of Investment, Seoul Office #1804, 18th Floor, Koryo Daeyeongak Center, 97 Toegye-ro, Jung-gu, Seoul, 100-706, Korea Tel: +82-2-319-9998 Fax: +82-2-319-9997 Email: seoul@boi.go.th SHANGHAI Thailand Board of Investment, Shanghai Office Royal Thai Consulate-General, 15th Floor, Crystal Century Tower, 567 Weihai Rd., Shanghai 200041, P.R.C Tel: +86-21-6288-9728-9 Fax: +86-21-6288-9730 Email: shanghai@boi.go.th STOCKHOLM Thailand Board of Investment, Stockholm Office Stureplan 4C 4th Floor, 114 35 Stockholm, Sweden Tel: +46 (0) 8463 1158, +46 (0) 8463 1174-75 Fax: +46 (0) 8463 1160 Email: stockholm@boi.go.th SYDNEY Thailand Board of Investment, Sydney Office 234 George Street, Sydney, Suite 101, Level 1, New South Wales 2000, Australia Tel: +61-2-9252-4884 Tel: +61-2-9252-4882 Email: sydney@boi.go.th TAIPEI Thailand Board of Investment, Taipei Office Taipei World Trade Center, 3rd Floor, Room 3E 39-40 No.5 Xin-Yi Rd., Sec. 5 Taipei 110, Taiwan R.O.C. Tel: +886-2-2345-6663 Fax: +886-2-2345-9223 Email: taipei@boi.go.th TOKYO Thailand Board of Investment, Tokyo Office Royal Thai Embassy, 8th Floor, Fukuda Building West, 2-11-3, Akasaka, Minato-ku, Tokyo 107-0052 Japan Tel: +81 (0) 3-3582-1806 Fax: +81 (0) 3-3589-5176 Email: tyo@boi.go.th