Thai developer Amata is creating an industrial park in Laos to attract manufacturers moving from China due to U.S.-China tensions and economic uncertainties. Overseas expansion seen as a lifeline for Chinese companies.
Thai Developer Amata’s Industrial Park in Laos
Amata, a prominent Thai developer specializing in industrial parks in Thailand and Vietnam, is venturing into Laos to establish a significant project. This move is aimed at attracting manufacturers seeking to relocate from China amidst the ongoing tensions between the U.S. and China.
Shift in Regional Manufacturing Dynamics
Amata’s founder and Chairman, Vikrom Kromadit, highlighted the potential impact of the upcoming U.S. presidential election and uncertainties surrounding China’s economy on Chinese companies. He stated that these factors may drive more Chinese companies to explore expansion opportunities overseas, positioning Laos as an attractive destination for industry players.
Overseas Expansion as a Lifeline
In a recent interview with Nikkei Asia, Kromadit emphasized the significance of overseas expansion as a potential lifeline for Chinese companies amidst evolving global dynamics. This strategic move by Amata signifies a shift in regional manufacturing trends and underscores the growing interest in diversifying manufacturing operations beyond China.
Source : Thailand’s Amata Targets Laos as a Hub for Chinese Manufacturing Relocation