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Flooded industrial areas aim to reopen within the year

Posted: 28 Oct 2011 ?? ?Print Version ?Bookmark and Share

Keywords:Thailand floods? industrial estates?

Thailand's government has pledged to provide financial aid for the rehabilitation of factories in seven industrial estates in Ayutthaya and Pathum Thani. Facilities in Saha Rattana Nakhon, Bang Pa-in, Rojana, Hi-Tech, Factory Land, Nava Nakorn and Bangkadi are currently submerged in water.

Deputy Prime Minister Kittiratt Na-Rong said they will help operators who are unable to mobilize funds to rehabilitate their infrastructures. The government will act as a middleman to look for possible investors to take over the projects.

The plan was conceptualized after government officials met with the executives of the seven affected industrial areas.

Thai cabinet approves financial aid
Thailand's cabinet has approved a financial package to help out manufacturers, SMEs and independent business operators who have been affected by the floods. Read more about the story here.

Managing director of Hi-Tech Industrial Estate, Thavich Taychanavakul, said that it would resume operations by mid-December if the floodwaters recede. Hi-Tech, located in Ayutthaya, has 130 factories that have been inundated by floodwaters up to 3.4m high.

Nipit Arunvongse na Ayudhya, SET-listed Nava Nakorn plc's managing director, said the flood waters should begin to recede by the middle of November, after which they would need 90 days to clean up. SET-listed is the operator of Nava Nakorn Industrial Park. There are 220 factories in Nava Nakorn and 70 percent of these facilities are submerged in water.

Kobkarn Wattanavrangkul, Toshiba Thailand's chair, said "We might have to import products from other Toshiba units in Indonesia, China and Vietnam or hire other unaffected producers in Thailand to make some home appliances." Wattanavrangkul also heads Bangkadi Industrial Park in Pathum Thani.

"Toshiba's headquarters in Japan has sent us a clear message about confidence in Thailand. We will not more to somewhere else. If we can reopen 45 days as targeted, we will be able to retain all existing factor staff," she added.

Industrial Estate Association's president and former governor of the Industrial Estate Authority of Thailand, Anchalee Chavanich, said that they are focusing on draining water for the facilities to reopen soon.

"We are asking non-affected industrial estates to help absorb some of the workers of the inundated areas who will potentially lose jobs," Chavanich said.

This is the worst flooding that Thailand has experienced. Around 10,000 factories, inside and outside industrial the estates, have already closed due to the floods and around 660,000 workers are left unemployed by the factories.

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