Registered capital for new factories rises 189% Y-O-Y

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The combined value of newly-registered factories in the first half of 2013 jumped by 189 percent year-on-year, raising the nation’s employment rate by 21.6 percent.

According to Department of Industrial Works Director-General Nattapon Nattasomboon, in the first six months of this year, there were 2,156 new factories registered with the department, which accounted for a 15.6 percent increase compared to the same period last year. The combined value of the registered capital stood at 179 billion baht, increasing by 189 percent year-on-year.

He further revealed that electronic equipment and appliances industry led the pack with the highest investment value of 14.6 billion baht, followed by machinery and engine, automobile and automotive parts, and agro-product industries.

He said most of these new factories are located in the central part of Thailand. Excluding Bangkok, nearly 700 factories, with a total investment of 86 billion baht, settled in the central part; nearly 300 others, meanwhile, emerged in the eastern part where the number of factories has a tendency to rise, thanks to the fear of flood causing a number of investors to adopt risk diversification.

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