Procurement from Thailand
Well-known domestic suppliers and manufacturers, such as PTT Group and Siam Cement Group (SCG), are actively engaged in exports with the contributions of Thai-manufactured products, including petrochemicals and cement. These companies are central in supporting the global supply chain and highlight Thailand’s growing influence in international trade.
Moreover, Thailand has established manufacturing clusters, particularly in industries like automotive, electronics, and agri-food. The Eastern Economic Corridor (EEC) is a prime example, fostering innovation and attracting investment in these sectors. These clusters offer incentives and a supportive business environment, making Thailand an attractive choice for businesses looking to set up manufacturing operations.
In GetAhead’s sourcings, these four industries in Thailand are in strong focus
Automotive & E-Mobility
Thailand exports various automotive components, electric vehicle (EV) batteries, and electric motorcycles. Domestic Thai companies such as Thai Summit Group, a leading automotive parts manufacturer, and Energy Absolute, a key player in the EV industry, supplies to the export of automotive and e-mobility solutions. It’s automotive industry is one of the largest in Southeast Asia, with a well-established ecosystem of suppliers, making it a prime source for various automotive components, from engines and transmissions to electronics and interior systems. The country is also positioning itself as a hub for e-mobility, with Energy Absolute producing lithium-ion batteries for electric vehicles, capitalizing on the global shift towards cleaner transportation options.
Smart Manufacturing
Key products include industrial automation systems, precision machinery, and electronics manufacturing services. Domestic Thai companies like Precise Electric Manufacturing Co., Ltd., specializing in precision machinery, readily contribute to the export of smart manufacturing solutions. Moreover, Thailand’s electronics manufacturing services have gained international recognition in the global electronics supply chain. Thailand’s expertise in printed circuit board assembly and optical manufacturing aligns with the growing global demand for advanced electronic components.
Green Tech
Thailand has been investing significantly in manufacturing of solutions for the renewable energy industry, particularly in energy storage and system management. This focus aligns with the global transition towards cleaner energy sources. Companies like Energy Absolute have gained recognition for their production of lithium-ion batteries in the context of renewables and EVs, making Thailand an attractive source for renewable energy companies worldwide. Additionally, waste-to-energy solutions are a growing segment, with Thai companies like IRPC Clean Power, engaged in converting waste into electricity.
Construction
Domestic Thai companies like Siam Cement Group (SCG), a leading construction material manufacturer, and Italian-Thai Development Public Company Limited, a major player in construction services, actively contribute to the export of construction-related solutions. The construction materials sector in Thailand is well-established, with companies like SCG producing cement, concrete products, and other building materials, making the country an attractive source for high-quality construction materials. Furthermore, the country’s construction services are highly regarded, with Thai construction companies undertaking projects globally. Italian-Thai Development, for instance, is involved in large-scale infrastructure and construction projects in various countries.
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