BANGKOK, April 21 Despite political turmoil in
Bangkok, big foreign manufacturers -- most of them with plants
well away from the capital -- are maintaining their investment
policies and say business in Thailand is carrying on as normal.
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Following are quotes and investment details of some foreign
GENERAL MOTORS [GM.UL]
"In spite of the political climate, GM Thailand does not
currently have any plans to review its investments in
Thailand," said Sasinan Allmand, public relations director for
Thailand at the Thai unit of General Motors.
"GMTH has confidence that the situation will return to
normal soon, and wishes all parties can develop solutions that
will work for the betterment of all Thai people and the Thai
In January, GM announced plans to spend 15 billion baht ($467
million) in Thailand over the next two years, reviving plans
for a new diesel-engine plant and the retooling of existing
production lines. Its plant is in the eastern province of
Rayong. FORD MOTOR (F.N)
"There is no change to our business plans in Thailand,"
said Neal McCarthy, Ford's corporate communications director
for Asia Pacific and Africa.
In July 2009, Ford launched a $500 million passenger car
plant in Thailand in a joint venture with Japan's Mazda
(7261.T). This plant is also located in Rayong.
Thailand is one of three Asian countries where Ford has
made major investments in recent years. The others are China
HONDA MOTOR CO (7267.T)
"Despite the political problems, Honda is still confident
in Thailand because we have invested here for 45 or 46 years,"
executive adviser Adisak Rohitasune said.
"Our sales are going well. If the political problem is
prolonged, it may affect domestic sales," Adisak said, adding
Honda's exports remained good due to the global economic
The main export markets are in Asia and Australia, where
consumer confidence remained good, he said.
"Chevron is continuing normal business and is not
experiencing any disruptions to its operations. We are
committed to supplying energy to the people of Thailand in a
safe and reliable manner," said Gareth Johnstone, Asia Pacific
media adviser for Chevron International Pte. Ltd.
"Telenor Group is an industrial telecom player with a
long-term view on our commitment to Thailand. The recent
political development in Thailand does not affect our
investment policy for this market," Sigve Brekke, head of
Telenor Asia, said.
Telenor controls Total Access Communication (DTAC.BK)
TACC.SI, which operates Thailand's second-largest mobile
SEAGATE TECHNOLOGY (STX.O)
"We have no change in our investment policy in Thailand and
business goes on as normal," said a senior communication
official at the Thai unit of the world's largest maker of disk
MITSUBISHI MOTORS (7211.T)
Mitsubishi Motors (Thailand) and Mitsubishi Motors Corp are
going ahead with an 8 billion baht ($249 million) "green car"
investment project, according to a statement from Thailand's
Board of Investment.
The company aims to start production before September 2011
and to launch the first fuel-efficient "eco car" in Thailand by
the beginning of 2012.
(Reporting by Khettiya Jittapong, Ploy Ten Kate and Pisit
Changplayngam; Editing by Alan Raybould)