Pinthong leverages EEC benefits to attract more investments in industrial estate
- Pinthong strategic location in the Sriracha district of Chonburi offers easy access to supply chain and logistics facilities
Country Business Reports interviews and articles by Discovery Reports www.discoveryreports.com
As Thailand makes headway into its 20-year national strategy, the development programme designed to boost innovation, advance technology and improve global competitiveness, companies such as Pinthong Industrial Park are rising up to contribute to the sustainable growth of the country. In establishing an industrial estate with state-of-the-art infrastructure and utilities, Pinthong empowers local and international companies to manage their businesses in the best possible way.
Pinthong Industrial Estate was created in 1995 in the Sriracha district of Chonburi – one of three areas being developed under the Eastern Economic Corridor (EEC) to attract international investors. Aside from incentives such as 15 years of tax rebates, customers benefit from the estate’s proximity to the Port of Laem Chabang and the Suvarnabhumi Airport. Its strategic location also offers easy access to supply chain and logistics facilities.
“What we want to achieve here in Pinthong is for our customers to feel a sense of warmth and to feel that they belong in a community,” says president Pira Patamavorakulchai.
The features that make Pinthong Industrial Estate an ideal business location are the same ones that make it a great home – flood-free, with an adequate power supply, telecommunications facilities and water treatment facilities, including rental factories and warehouses.
Since it opened its gates, the estate has been steadily developing additional areas to accommodate more customers. One of the projects it aims to undertake is the establishment of smaller power plants specialising in clean energy. To improve business continuity by reducing weather impact on power and connectivity, the company also aims to move cables underground.
There are now five estates that house more than 300 customers who have chosen Pinthong Industrial Estate, including Brand’s Suntory (Thailand), Senior Aerospace (Thailand), ADVICS, CPRAM, Furukawa Automotive Systems (Thailand), among others. It aims to become a publicly listed company by the fourth quarter of next year.
“We have great plans for Pinthong, and we hope that we can implement them faster with the help of investors who share our vision of supporting Thailand’s economic growth,” Pira says.