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CEVA Thailand appoints new vice president operations

FTI to raise vehicle production target upon export surge

FTI: No shift of investment from Thailand to neighbors


CEVA Thailand appoints new vice president operations

CEVA Logistics Thailand, one of the world’s leading supply chain companies, has appointed Jaap Bruining as its new Vice President of Operations.

Jaap Bruining, Vice President Operations, CEVA Logistics (Thailand).

In his new role, Jaap will be responsible for managing contract logistics for the country, and support the company’s acceleration in taking on new contracts and driving operations excellence across the business.

Previously, Jaap held the position of Global Program Director LEAN, and was responsible for CEVA’s global LEAN program for the last four years. He has gained more than 14 years industry experience since graduating from the University of Groningen with two degrees.



FTI to raise vehicle production target upon export surge

The Federation of Thai Industries (FTI) is set to increase its vehicle production target to 1.45 million units following a surge in exports and production.

FTI chairman Payungsak Chartsuthipol said the Automobile Industry Club would revise the vehicle production target in 2010 since the vehicle export and production had risen dramatically in the first four months of this year.

He said all carmakers were advised to reassess their production capacities because it is expected the auto industry would grow significantly, with total capacity reaching 1.6 million units, unless the global economy stumbles and the debt crisis in Greece spills over.

Surapong Paisitpattanapong, spokesman of the FTI Automobile Industry Club, said FTI would further raise the vehicle production target for this year by 30,000-50,000 units to 1.43-1.45 million units.

Vehicle exports are also expected to climb as shipments in the first four months of this year reached 273,824 units, up 63.51 percent from the same period last year.

Simultaneously, vehicle exports to ASEAN expanded 26 percent from 20 percent following the effective implementation of the ASEAN Free Trade Area Agreement. Also, vehicle exports to Europe grew 8 percent from 6 percent. (TNA)


FTI: No shift of investment from Thailand to neighbors

The Federation of Thai Industries (FTI) affirms that it sees no sign of a shift of investment by foreign investors from Thailand to neighboring countries.

Speaking after meeting with FTI Chairman Payungsak Chartsutipol and his delegation, Deputy Prime Minister Trairong Suwannakiri said that despite the recent political riot, the FTI has seen no sign of foreign intentions to shift investment from Thailand to its neighbors.

The FTI also assured him that it would help the government clarify what happened in the recent policy turmoil to boost understanding among foreign investors.

Many believed the clarification made by the FTI would more reliable than that made directly by the government, Trairong said.

Regarding the FTI’s proposed establishment of a Thailand Rehabilitation Fund initiated with Bt10 billion, Trairong said details of the proposal remained unclear and must first be approved by the Joint Private-Sector Committee.

Regarding the Fiscal Policy Office’s revelation that the 74-day political rally by anti-government red shirt protesters caused Bt145 billion in damage to the economy, he said the figure is not beyond expectation as he had once estimated damages incurred from the rally would be in a range of Bt100-150 billion or 1-1.5 percent of the gross domestic product (GDP).

The deputy premier said he was confident the 2011 budget and the investment from the Bt400 billion loan support program under the Thai Khem Keng (Strong Thailand) scheme would be sufficient to revive the battered economy. (TNA)