Thailand’s listed industrial estate developer AMATA Corporation Plc (AMATA) is planning to co-invest in a project to establish a new industrial estate in Myanmar.
In the seminar entitled “Amata : Rising with Asia”, AMATA’s chief executive Vikrom Kromdit said that that the company is interested in investing in Greater Mekong Subregion and CLMV countries (Cambodia, Laos, Myanmar and Vietnam).
“We will focus on investing more heavily in neighboring countries in order to solve labour shortage issue and enjoy their economic growth, which is higher than Thailand,” he said. “Apart from Vietnam, we plan to invest in Myanmar, as it is located next to the high potential market of China, easily accessible by air and sea, and the labour cost is competitive.”
Vikrom said after the seminar that it will list its subsidiary, AMATA VN Plc, on the Stock Exchange of Thailand this year. It has already submitted the filing to the Office of Securities and Exchange Commission but it has not been approved yet.
“We will continue the investment in Vietnam through AMATA VN because Vietnam has had a stable and continuous economic growth, thanks to the stable political situation and the flow of investment from Korean and Japanese companies, which are granting financial support to develop the country’s infrastructure,” he added.
In Thailand, the company will focus on research and development (R&D) and add more value to its plants. “We will no longer sell only land, like in the past. From now on, we will turn ourselves to be the high-technology industrial estates with the complete utilities, adding the best value to our products,” he added.
Currently, it has 10 power plants with a combined electricity generating capacity of 1,400 megawatts and 1,300 industrial plants in Thailand.