Karen McIntyre, Editor03.09.17
In the past 10 years, Thailand has emerged as country ripe with nonwovens investments, led mainly by Japanese manufacturers looking for a more affordable offshore production site to serve growing markets in Southeast Asia and China. While these investments may have initially looked at growth in China, the markets of Southeast Asia soon proved to be just as important.
In its own right, Thailand, Southeast Asia’s second largest economy and second largest surplus exporter, has evolved in recent decades from a country dominated by agriculture and fishing into a Middle Income economy with growing industries like electronics, automotives and nonwovens. And, if the country’s economic leaders have their way, this evolution will continue until Thailand emerges as a high income state, self sufficient and sustainable in a number of technology ripe industries.
Enter Nonwovens
In the late 2000s and early 2010s, a number of Japanese companies looked to Thailand to establish offshore operations that would give them access to a lower wage base as well as new markets throughout Asia.
In its own right, Thailand, Southeast Asia’s second largest economy and second largest surplus exporter, has evolved in recent decades from a country dominated by agriculture and fishing into a Middle Income economy with growing industries like electronics, automotives and nonwovens. And, if the country’s economic leaders have their way, this evolution will continue until Thailand emerges as a high income state, self sufficient and sustainable in a number of technology ripe industries.
Enter Nonwovens
In the late 2000s and early 2010s, a number of Japanese companies looked to Thailand to establish offshore operations that would give them access to a lower wage base as well as new markets throughout Asia.
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