Saha Group in parthership with Sojitz for Industrial Park Development

28 June 2019

On 28 June 2019, Sojitz (Thailand) Co., Ltd., a subsidiary of Sojitz Corporation (“Sojitz”), and major Thailand conglomerate Saha Group’s corporate arm, Saha Pathana Inter-Holding Public Co., Ltd. (“Saha Group”), have concluded an agreement to have Sojitz act as sale agent for Saha Group’s industrial parks. Sojitz is also advancing talks with Saha Group regarding a memorandum which would see the parties agree to use these industrial park sales as the starting point for consideration of joint development in industrial park and other business areas, strengthening the partnership between the two companies. Present in the ceremony were Mr. Hironori Tateiri (2nd from the left) - Deputy COO, Industrial Infrastructure & Urban Development of Sojitz Corporation, and Mr. Shinichi Sakata (1st from the left) – President of Sojitz (Thailand) Co., Ltd., together with Mr. Boonsithi Chokwatana (2nd from the right) – Chairman of Saha Group and Mr. Vichai Kulsomphob (1st from the right) – President of Saha Pathana Inter-Holding Public Company Limited. The ceremony was held as part of 23rd Saha Group Fair at BITEC, Bangna.

Thailand’s long-term socioeconomic vision for the country—"Thailand 4.0”— aims to achieve greater industry sophistication and higher added value in the country. The Japan Bank for International Cooperation (JBIC) conducts an annual survey of foreign direct investment by Japan’s manufacturing sector, and in FY2018’s study, Thailand came in third place behind China and India for the most promising country in the medium-term (next three years). The study predicts yet more manufacturers will move into Thailand and expand their production facilities there.

Saha Group has developed four industrial parks in Thailand since 1974, starting by Sri Racha following with Kabin Buri, Lamphun, and Mae Sot. This means that Sojitz can offer prospective investors suitable industrial park matched to the client’s needs. Furthermore, Sojitz’s support network—both on the Japan side and in Thailand—will provide detail-oriented backup to companies looking to enter Thailand.

Sojitz will use its experience gained through work on industrial parks in Vietnam, Indonesia, India, and the Philippines to provide even stronger offers to Japanese companies considering expansion into Asia together with Saha Group, support entry into Saha Group’s four industrial parks in Thailand, and contribute to the advancement of Thailand’s industry.