<article>Amata Corporation has announced a further investment of $157 million in Thailand and Vietnam in 2018, while IRPC Pcl said it is in the process of making its first acquisition next month.</article>

Amata Corporation has announced a further investment of $157 million in Thailand and Vietnam in 2018, while IRPC Pcl said it is in the process of making its first acquisition next month.
<h3>Amata to invest $157m in 2018</h3>
Thai listed industrial estate developer<a style="color: #000080;" href="https://www.dealstreetasia.com/?s=+Amata+Corporation"> Amata Corporation</a> plans to invest 5 billion baht ($157 million) in Thailand and Vietnam this year.
Amata’s director and chief executive Vikrom Kromadit told the media that the company will invest 3.4 billion baht in Vietnam and 1.6 billion baht in Thailand. A majority of the budget will be spent on land and infrastructure development for industrial parks.
Vietnam is becoming the next top destination for industrial investors and Amata Vietnam targets recurring income to grow by 35 per cent over the next five years, he said.
It projects total revenue in 2018 to increase by 10-20 per cent from over 4 billion baht in 2017, largely due to the Thai government’s Eastern Economic Corridor project that is set to attract more investment to its industrial parks.
Amata posted total revenue of 3.43 billion baht in the first three quarters in 2017, up from 39 per cent from the same period in 2016.
<h3>IRPC in talks to close first M&amp;A deal</h3>
<a style="color: #000080;" href="https://www.dealstreetasia.com/?s=irpc">IRPC Pcl</a>, a SET-listed petrochemical firm under PTT Group, expects to close its first acquisition deal next month, according to a Bangkok Post report.
IRPC president Sukrit Surabotsopon told the media that it has already hired a management consultancy from the United States to advise it on the deal. He said the assets in question are related to oil refineries and petrochemical production plants.
IRPC has grown its business organically since its establishment four decades ago. “This is our first M&amp;A, which is in line with our policy to grow faster through M&amp;As,” he said.
The company has access to $3 billion (96 billion baht) for all its investments, including M&amp;A deals over the next five years.
Also Read:
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/31657-31657/">Thailand: Amata Corp forms JV to produce gas for clients in industrial estates</a>
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Thai listed industrial estate developer Amata Corporation plans to invest 5 billion baht ($157 million) in Thailand and Vietnam this year.

Thailand Digest: Amata announces $157m investment; IRPC to close first acquisition

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Thailand Digest: Amata announces $157m investment; IRPC to close first acquisition

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