The Amata Times
News from the World’s Leading Industrial City Developer
Q2 2017

Amatainks MOU
with MOE

GlobalMatters:
The futureof work

A smartmodel for
Amata

Customer &RelationshipManagement
News

See Page 2

See Page 3

See Page 3

See Page 4

Learn more about Amata at www.amata.com

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Stumpf Amatabrings next-generation
power solutions to light
Amata and Stumpf Energy have recently entered into a joint venture to bring clean, reliable solar-generated power to industrial
power consumers on Amata’s estates. The JV, now named Stumpf
Amata Solar Company will initially focus on commercial and industrial rooftop projects. Stumpf Amata will operate through theentire value chain of projects by developing, financing, constructing, and operating the solar photovoltaic (PV) facilities. Powergenerated from the PV system will be fed directly into the electrical system of the site and power consumers will pay a service fee to
Stumpf Amata. The service fee will result in significant savings to
the power consumer because the power will be priced lower thancurrent daytime peak pricing. Because the JV pays for all capitaland operational expenses, power consumers benefit from immediate savings.

Thailand leads Southeast Asia
to a sustainable futureThis new financial product offering provides a zero investment opportunity for power consumers to benefit from ‘‘energy as a service”, which creates immediate and tangible savings on power consumer electricity bills. The Stumpf Amata business model makes
solar PV power solutions more accessible to our partners and customers through renewable energy, zero-investment alternatives toutility power generation. These projects, located at point-of-loadon customer’s roofs can:Thailand has long been a regional leader in the alternative energy
field. As highlighted by USAID Clean Power Asia, the country increased its renewable energy capacity by 5,500 megawatts from 2006
to 2014 – a larger increase than any other country in Southeast Asia.
USAID itself is partnering with Chulalongkorn University to increase this number by a further 500 megawatts, which would alone
reduce carbon emissions by 3.5 million tons.

• create immediate, Day One savings on power bills;• provide clean and reliable power;• operate under a fixed cost;• include attractive early buy-out options;• provide a predictable power supply and costs forthe term of the agreement;• eliminate PV power plant operational risk to the customer.
Electricity is generated from PV panels when photons of sunlight
excite electrons in silicon cells. In Stumpf Amata’s business model,
solar panels are placed on a customer’s roof. An ideal site will have

Thailand’s meteoric rise in manufacturing this century has been accompanied by a lesser-discussed, but equally impressive, dedication
to responsible energy use. By continuing to promote investment inrenewable resources such as solar, hydro, wind, bio-energy, biofuels,and other low-impact sources, the Thai government aims to have thecountry relying on alternatives for a full 30% of its energy consumption by the year 2036.

Such forward-looking partnerships, and the investment opportunino shade on the panels, especially during the prime sunlight hours
from 9 a.m. to 3 p.m.; a southern-facing installation usually provides the optimum potential for the system, but other orientations
may provide sufficient production. The electricity produced is DC(direct current) and must then be converted to AC (alternating
current) suitable for use in the building. An inverter turns the DC
electricity generated by the solar panels into AC power that can be
put to immediate use by connecting directly to a dedicated circuit
breaker in the electrical panel.
In order to finance the projects, the JV is securing a credit facility from Asia Development Bank and Siam Commercial Bank for
project’s investment capital expenditure. By securing the credit facility in advance of project development, the JV is able to movequickly to construction and operation once an appropriate projectis identified and after a revenue agreement is executed. This allows the JV to adapt a nimble approach to project development
and remain extremely competitive in the Thai renewables market.
Furthermore, Stumpf Amata has secured preliminary approval
from lenders for a portfolio approach with a pre-identified EPC,
preliminary credit approval and all project documents already inties they create, are essential for a maturing economy with developed
cities and a strong manufacturing base. With continued economic
growth prompting experts to estimate a tripling of regional electricity demand by 2040, renewable energy sources are an ideal solution
for countries looking to avoid the fate of pollution-plagued cities
elsewhere on the continent.
“Given that Asia is home to more than half of the world’s population and continues to grow at a tremendous rate, energy demand is
expected to increase dramatically in the next decade,” said Glyn Davies, the U.S. Ambassador to Thailand. “Promoting a low-emission
power sector is more critical now than ever.”Meeting that goal will depend on other initiatives as well, notably those outlined by the Thai Energy Policy and Planning Office(EPPO). The past four years have each seen increasing numbers ofContinue Sustainable Future on Page 2

place. This further enables the JV to shorten development timeand allows power consumers to benefit from lower power costs
quickly.
Why solar PV? There are many important reasons to consider aservice contract for solar PV power with Stumpf Amata. The primary reason is cost. The government of Thailand has recently decreased the Automatic Tariff Adjustment (Ft) rate, pushing higher
the overall cost of power to consumers. This variable rate is often
used by the utility to ensure stable power at low costs. It functions
as a subsidy for power prices. However, the government cannot
provide this subsidy indefinitely and will eventually be forced toallow the true cost of power to drive power pricing.
The Kingdom of Thailand also relies heavily on natural gas, which
fuels two-thirds of its electricity generation. As part of the government’s fuel-diversification strategy, it has proposed to reduce
natural gas-powered generation by increasing its dependence on
renewable energy, particularly solar. The licenses to extract natural
gas from offshore fields are also currently under review and beingtransferred to new companies. This transfer will likely take one toContinue Stumpf Amata on Page 2

2

Amata Times			

A sustainable future

Q2 2017

Stumpf Amata

From Page 1

From Page 1

Thailand’s Solar PV Installed Capacity

three years, as operations need to be re-tooled and handed
over. This could cause a disruption in supplies that can negatively affect power prices.

3,000
2,500
2,000
1,500
1,000
500
Annual Installed
Capacity (MW)Cumulative Installed
Capacity (MW)

2002

3

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Q32016

1

7

13

7

2

1

10

6

193

145

441

470

772

740

4

11

24

31

33

33

43

49

243

388

829

1,299

2,021

2,761

Source 2002-2014 data from DEDE, 2015-2016 data from ERC

new solar installations, and some observers are expecting a “solargold rush” this year, as a total of 67 projects have recently been approved to sell power to the national grid.
Renewable biomass energy, though less environmentally friendly
than other alternative sources, will form a major part of Thailand’snational power plan over the next two decades. Biomass energy isparticularly well suited to Thailand’s rural economy, as the technology involves converting agriculture and other waste into energy.
As Thailand currently produces about 80 million tons of agricultural
waste per year, the development of additional biomass power plants
is expected to give a substantial boost to the country’s renewable energy resources. The Ministry of Energy estimates that biomass will
generate more power than any other renewable energy source in the
coming years.
Other initiatives involve the harnessing of energy from biogas, biofuels, municipal solid waste, as well as smaller efforts at utilizing windand hydropower, as the country aims to efficiently capture and recycle increasing amounts of resources that would otherwise go towaste. Such efforts will help relieve the strains on natural resources
while also putting several potential pollutants to beneficial use.
As well as addressing issues of sustainability, Thailand’s determination to increase its renewable energy capacity will have the desirable
effect of reducing its dependence on energy imports, whose prices

tend to fluctuate. According to EPPO figures, Thailand’s total energy
consumption amounted to the equivalent of two million barrels ofoil per day in 2014, with the industrial sector responsible for moreenergy use than any other.
To ensure the success of these alternative energy technologies, theBOI has made efforts to increase the rate of adoption of all renewable energy sources, including a variety of attractive tax exemptions.
Investment grants are also available from the EPPO and the Department of Alternative Energy Development and Efficiency, and otherbranches of government are considering amending laws and regulations to further promote the use of alternative technologies.
Infrastructure upgrades will be necessary to improve power transmission and distribution, and the Ministry of Energy has proposeda Smart Grid System to maximize efficiency throughout the supply
chain. With the path toward a sustainable future clearly in view, allthat remains is the need to follow through on a vision that will leave
the country in better shape for government, business, and society as
a whole.
Although the industrial sector has been largely responsible for Thailand’s increased energy demands, it is also playing a central role insolving the issue. By recycling waste into energy, cleanly capturing
available resources, and working in harmony with the natural world,
renewable energy technology is set to make Thailand’s green landscape and economy shine brightly for generations to come.

Despite liquid fuel (the main source of power generationin Thailand) prices dropping all around the world to an alltime low, Thai electricity prices have remained steady. Why?
The Thai baht and the Thai economy have stabilized but are“soft”. Buying international oil and power costs more due
to unfavorable foreign currency exchange. This price increaseis then passed on to power consumers. While the baht wasstrong, Thailand got an advantage buying international natural gas for electricity. But now that the baht is weak, Thailand
takes on the burden of paying extra for that natural gas.
EGAT has seen an increase in electricity demand of up to
4% last year and is on track for a similar increase this year.
Tight supplies and increased demand also increase the cost of
power. In addition, there is currently no appetite for financing the government’s wished increase of 7.5 GW in coal/lignite power plants, further constraining energy supply. In fact,many existing power plants need retrofitting or will be decommissioned. An estimated 25 GW out of the operational
capacity of 37 GW needs to be decommissioned.
Stumpf Amata is your best partner for alternative solutions toutility power. The partnership brings together expertise fromfinancing, development, and solar PV engineering to provide
our partners with the best-in-class equipment, construction,and operations at the best price possible. Together, Stumpf
Amata shifts the power paradigm to favor our customers.
Are you interested? Please contact Stumpf Amata Company
Chief Operating Officer Nick Rose at n.rose@stumpfenergy.
com to discuss power solutions that might be appropriate foryour company.

Amata inks MOU with Ministry of Energy
to spearhead Smart City development
poration from Japan, a smart home project with leading Japanesetechnology partners, smart innovation (Amata Science City) withJapanese Consortium, smart education with KinderWorld fromSingapore, smart aerospace city, and Edutown (Amata College).
“Amata is actually a natural partner for Thailand's Ministry ofEnergy in our common vision for Smart Cities,” says Dr. Surin
Pitsuwan, Chairman of Amata Corporation.

In line with the government of Thailand’s Eastern Economic Corridor initiative and Thailand 4.0 policy, Amata Corporation PCL,
Thailand's leading industrial city developer has inked a Memorandum of Understanding (MOU) with the Energy Policy andPlanning Office of the Ministry of Energy to spearhead the development of a “Smart City” at Amata Nakorn located in Chonburi
province. The key developmental aspects of the MOU includes:
1) Smart Energy, 2) Smart Mobility, 3) Smart Community, 4)
Smart Environment, 5) Smart Economy, 6) Smart Building, 7)
Smart Governance, and 8) Smart Innovation.
To support the Thai government's policy in Smart City, Amata
will be working with international partners to execute a Amata
Smart City development plan using the Public Private Partnership (PPP) model. Example of key projects in progress include: a
100-MW solar PV rooftop project with Stumpf Energy from Europe, smart traffic monitoring with AAPICO ITS Co., Ltd. fromThailand, smart factories with Hitachi High-Technologies Cor-

“Any new initiative will need a concrete modality to implement itin actual and pragmatic environments. Amata Nakorn Industrial
Estate is ideal for this endeavor. We are able and prepared to help
bring this great vision of Smart City into reality,” the Chairmanof Amata Corp. reiterates.
Amata, the most preferred industrial city by leading multinational corporations from more than 36 countries currently contributes to 10% of Thailand’s GDP, exceeding US$40 billion worthof output annually and provided more than 200,000 jobs. With
the Smart City development, Amata aims to increase their clients’base by 50%, increase the use of renewable energy in the estatesby 50%, and provide 100,000 additional jobs in the estates.
“Amata is ready to transform to Thailand's leading Smart City.
Our Smart City adopts an ‘All Win’ philosophy: We strongly
support the Thai government’s EEC and Thailand 4.0 policies(‘Government Wins’); Amata clients can operate more efficiently
in a Smart City (‘Foreign Investor Wins’); and Amata’s Green andZero Waste discharge policy creates a sustainable society and environment (‘Environment Wins’). I strongly believe this MOU
with EPPO will create a good ‘All Win’ model for other smart city
projects in Thailand that transform ideas into reality,” states Mr.

Vikrom Kromadit, Chief Executive Officer of Amata Corporation PCL.
Air Chief Marshal Dr. Prajin Juntong, Deputy Prime Minister, attests after witnessing the signing ceremony of the Memorandumof Understanding, titled “Driving the Smart City”, between the
Ministry of Energy’s Energy Policy and Planning Office (EPPO)
and Amata Corporation PCL (Amata), it conforms to the reform
framework of the country’s national strategy. The Ministry ofEnergy is moving ahead with the Energy 4.0 policy, and one of
the key measures is the driving force and the development of intelligent cities. Together with the private sector, Amata wants todevelop a balanced and sustainable project area, in terms of economic development, quality of life, and the green environment;
and this is in line with government policies.
General Anantaporn Kanchanarat, Energy Minister, asserts thatthe government has set Thailand 4.0 policy to reform the economic structure of Thailand with a focus on driving the economy
with innovation to create a value-oriented economy. The Ministry of Energy plans to drive the country's energy sector with theEnergy 4.0 policy, in line with government policies. The goal is togenerate income for the people and the country.
Continue Amata inks MOU on Page 3

Amata Timeswww.amata.com					

3Global Matters
The future of work

There are many challenges in the 21st century
workplace that will affect and be reflected in how
we work:• the challenge of communication and culture
in work environments that are becoming
more and more diverse;• the challenge of different generational work
habits and expectations and how to manage
these differences;• the challenge of demographic changes,
especially in the Asia-Pacific region, as workforces become older;• the effects of technology on job markets
and education.
These are all important challenges in the businessworld. But certainly, from this list, technology will
have the most profound effects on the future ofwork.
Technology has made data collection and data
analysis easier and more efficient. Efficient data
analysis of ever-increasing amounts of data meansthat we can now review, and in some cases, challenge traditional assumptions and conventional
thinking. This is currently causing disruption in
multiple industries, such as medicine, tourism,
education, and even politics. It’s safe to assume
that eventually, every industry will be radicallytransformed by technology, data, and some formof automation.
A recent joint study by Oxford University and theOxford Martin School found that “…47 percent
of jobs in the US are ‘at risk’ of being automatedin the next 20 years.” While automation will makebusinesses and organizations more efficient, it will
come at a cost – the displacement of millions ofworkers who will lose their jobs to AI technology.
Various solutions to this problem have been proposed. Innovations such as 6-hour workdays (or4-day work-weeks), and unlimited vacation time
(example companies include General Electric, Virgin Group, Netflix, et al) have been adopted in a
growing number of companies. And the conceptof a universal basic income (UBI) has made headlines recently and is due to be tested in Finland andthe Netherlands this year.
We have all seen the ways that technology haschanged our world in the past twenty years. From
computers to mobile technologies to cloud computing and “Big Data”, technology has transformed entire industries – the music, publishing,and entertainment industries have changed dramatically and are still adapting to the new realitiesof their markets. The education industry is also
facing change – the growing popularity of online,
or distance learning, is challenging the notion of
the traditional classroom experience.
According to an American futurist, Thomas Frey,“As a rule of thumb, 60% of the jobs 10 years fromnow haven’t been invented yet.” These will include
jobs that are the result of new technologies (3DPrinting Engineers or Nano-medics, for example),but also new jobs in old industries (“Urban Agriculturalists” or “Digital Death Managers”).
But it is not just the challenge of completely newjobs that our professionals will face in their careers.
It is also the prospect of future work lives consisting of a “portfolio of micro-careers”. For muchof the 20th century, careers were stable and quite
vertical. The expression “working your way up theladder” perfectly captures the career path of 20th
century managers. By contrast, there may be few“ladders” in the 21st century, and for many working professionals, an obstacle course, filled withups and downs, horizontal and even backward
moves, might be a more accurate analogy.
In other words, new university graduates andmid-career workers will face what have been called“complex, sometimes specialized, collaborativeand ever-evolving career paths”. These are the new
realities of a 21st century career, so being equippedwith the right career tools and knowledge will beessential to the success of future workers.
The key to the future of work is having the ability
to “learn how to learn”, regardless of where you
are in your career. Individuals must now prepare
for careers that are unlike anything that we haveseen in the past. And organizations must design
their workplaces to reflect the new realities of work
– 24-hour connectivity, greater flexibility, and theglobal competition for talent – and the new expectations and needs of their workers.

Amata inks MOU
From Page 2

The drive is divided into two levels: The national
level will focus on driving the country's energy
innovation to be more modern and to enhance
the competitiveness in the global market bypromoting research and development on energy
and to increase the country's energy businesses
to grow. And the community level will focus on
making money and reducing expenditures forpeople and communities through the publicSocial Support Implementation of Community
Energy Projects and the promotion of energy insmall and medium businesses (SME).
Smart City is another measure of the importance of Energy 4.0 because it can reduce thedemand for energy and reduce the maximum
power consumption, which is very high. It canalso drive national energy innovation, increasing
competitiveness in global markets.
The Ministry of Energy and Amata agreed todrive and develop the Smart City to achieve theresults of studies and guidelines for upgrading
spatial development. Amata Nakorn Industrial
Estate is considered a “genius city” within the
Ministry of Energy and is cooperating by giv-ing suggestions for guidelines and implementation of the project in line with the Energy
Ministry’s Energy 4.0 guidelines. As well, ateam of specialists from Yokohama Smart
City, Japan, in cooperation with Amata, issharing their knowledge and experience to apply the drive to develop the city of genius in
Thailand.
Dr. Twarath Sutabutr, the director of the
EPPO and the spokesman of the Ministry ofEnergy, said that the EPPO recognizes the importance of developing the city as a city of genius and supports the growth of the city sinceintelligent cities are an integral part of sustainable development. A form of integration,
urban planning Utility System Intelligence
Technology, can be used to develop the city
into a green value chain to have a good quality of life and promote efficient uses of energy
while reducing resource consumption, thus
making a better environment. The EPPO has
implemented the Smart Cities-Clean Energy
project and launched the project in 2016 toenable the relevant agencies to learn, accept,
and adapt towards the direction of urban de-

Amata Vision
Thailand 4.0
A smart model for Amata
By Lena Ng, Chief Investment Officer
Many of you have heard about Thailand 4.0.
But what is it exactly? “Thailand 4.0” is a new
economic model by the Thai government tobuild a value-based economy. Unlike Thailand 3.0, which focused on heavy industry, avalue-based economy is created through thepromotion of innovation, creativity, knowledge sharing, capacity building, and sustainability for environment.
So, it brings us to the next question. How
can Amata or our FDI clients take part in thisnew model? To contribute in a concrete way
to Thailand 4.0 efforts, Amata launched our
4.0 vision: Amata Smart City. Amata Smart
City’s vision is “to be a self-reliant, energy-efficient city with renewable energy sources andsustainable environmental management.”
Our aim is to become the leading Smart City
model in Thailand and ASEAN to promotesustainable and energy-efficient smart living
within our cities. To achieve our vision, Amata has agreed on key collaboration areas with
the City of Yokohama in early 2017 to learn
and adapt from their Smart City experience.
With more than 50% of our FDI investors
being Japanese, it makes sense to learn from
Yokohama. Besides Japan, Amata will also
select the “top ten” smart cities around theworld to pair with and gain valuable information from Smart Cities’ developmental challenges and cost-effective solutions.
Another key milestone for Amata this year isthe signing of the Memorandum of Understanding (MOU) on Smart City development
velopment genius. This will have an impact
on energy, environment, and sustainable development.
In collaboration with Amata, this will be alearning experience by the exchange of information and study and research results. The
EPPO also nominated Amata for the APEC
Low-Carbon Model Town project under the
Energy Working Group. To be a prototype
city for the development of other low carbon
cities, it is currently under consideration by
the Board. If Amata is selected for the project,
it will be supported by data analysis, expert
advice, and financial support from APEC,
which will further promote Amata's intelligent urban development.

with the Energy Policy and Planning Office,Ministry of Energy (MOE), in March of thisyear. Policy support is critical for any energyrelated projects in Thailand. In Thailand, theMinistry of Energy has been tasked by thePrime Minister’s Office to spearhead Smart
City development policies nationwide. The
key developmental aspects of Amata’s MOU
with the MOE include: 1) Smart Energy, 2)
Smart Mobility, 3) Smart Community, 4)
Smart Environment, 5) Smart Economy, 6)
Smart Building, 7) Smart Governance, and
8) Smart Innovation.
I absolutely love Henry Ford’s quote, “Vision without execution is just hallucination.”With our new vision, our team has entered,and will continue to do so, into new jointventures with our international partners toprovide new Smart solutions and services forour clients and upgrade the overall smart infrastructure for our cities. Some of our latest initiatives include a Smart Energy / Solar
Rooftop JV with Stumpf Energy, Smart Factory with Hitachi Hi-Tech, Smart Mobility
with AAPICO Hitech and Smart Infrastructure / Fibre Optic Network with ABN, a subsidiary of AIS. We hope to provide our clientswith global best practices, state-of-the-art
technologies, and reliable partners to elevatetheir manufacturing business, according to
the 4.0 model.
It is all an exciting process. I am proud tohelp lead Amata towards the Thailand 4.0
model and hopefully inspire our customers
to join us in this new journey.
Mr. Vikrom Kromadit, CEO of Amata, theleader in industrial estate development inThailand and Vietnam, states, “The cooperation is a PPP with the goal of developing
Amata Nakorn Industrial Estate. Chonburi
province is a perfect genius city to contributeto the development of the Eastern Economic
Corridor that defines development areas in
Rayong, Chonburi, and Chachoengsao.”“It is one of the mechanisms to propel Thailand 4.0. Amata is ready to step into its roleas an intelligent city of the country under theconcept of ‘All Win’, ready to support the
EEC, and support Thailand 4.0 to provide
entrepreneurs in the industrial estate with its
ability to produce products efficiently.”

4

Amata Times			

Q2 2017

Customer & Relationship Management News
Plating expert Surtec Kariya
expands into Amata
Amata Nakorn Japanese Society Club

Amata’s CEO invites
to exclusive dinner meetings
Yoshinobu Matsumoto, Managing Director Surtec Kariya (Thailand) Company
is seen holding the agreement with Viboon Kromadit, Chief Marketing Officer Amata Corporation.
At far right, Tiyanan Gobgest, General Manager Surtec Kariya, and at far left, Yasuo Tsutsui,Marketing Manager Amata Corporation.

Surtec Kariya (Thailand) Co., Ltd. is a subsidiary of Japan’s Surtec Kariya, with headquarters
in Kariya City, established in 1950. The company grew constantly and expanded, not only
within Japan, but also overseas; at present, nineof Surtec’s subsidiaries operate in seven countries.
As a leader in plating technology, Surtec works
hand-in-hand with the automotive industry.
The company has since enhanced rust resistance,
functionality, and aesthetics of many automotive
components, created with a wide variety of materials and taking into consideration the needs ofeach respective part.

Amata is organizing a series of dinner meetings
throughout 2017 with Amata CEO Vikrom Kromadit. The meetings’ objectives are to improve
the relationship between Amata and its customers
and to provide a platform for top management todiscuss economic trends (local, regional, Asian, or
global, etc.), exchanging and sharing ideas, andalso listen to comments that help improve Amata
services, infrastructure, and products. The gatherings take place once a month at Amata Castle in
Chonburi.

The Amata Nakorn Japanese Society Club (AJS),
with members from 170 companies, meets ona regular basis to discuss issues related to doing
business or operating a factory, as well as for the
purpose to network and to exchange informationand ideas. The club meets once a month at the
Amata Service Center.

Companies currently not members
yet but are interested to participate,please contact with AJS General
Manager, Kuriyama Takafumi,
if these conditions are met:

drives engineering professionals to create evenbetter cars. Inevitably, all types of components,
1. Being a Japanese company with awith never-before-seen technological improvefactory located at Amata Nakorn,ments, are necessary and are developed with new
raw materials and high-performance features. As
2. The person applying for membershipholds a position like President, Managsuch, Surtec strives to continually challenge itself
ing Director, top management only.
to develop new, state-of-the-art plating technologies to meet high-level quality expectations and If you are our member and want to join these
Kuriyama Takafumi,
demands of the future.
exclusive management-only events, please conGeneral Manager AJS and Managing Ditact Orawan Tungteekha-ayu, Relationship Manrector of Wako Sangyo Company,
With the purchase of land at Amata Nakorn In- agement Executive, at Orawan.t@amata.com forkuriyama.t@wako-th.com
dustrial Estate, Chonburi, Surtec Kariya further reservation.
expands in Thailand. We not only thank Surtec
for choosing us, but, at the same time, wish the
There is a constant development taking place company every success to come!
in the automotive industry. The aim of producSheba, Cesar, etc., will build its second producing vehicles with lower environmental impact www.surteckariya.jp
tion facility in Thailand at Amata Nakorn Industrial Estate, Chonburi. Mars Petcare, headquartered in Brussels, Belgium, can be found in 50
countries around the world, employing morethan 40,000 people. Mars Petcare Thailand purchased some 66 rai of land, and the new Amata
plant will also have a pet care R&D center for pet
nutrition and wellbeing, same as in the United
supply the car market throughout ASEAN. The
Kingdom.
potential of the automotive market is one of theadvantages of being located in Thailand; BOI
Mars Company started off some 100 years ago ininvestment incentives for businesses in the authe U.S. Whether it is pet food, chocolate, gum,tomotive industry, as well as ITC regulations forfood, or drinks, the sixty-plus Mars products, serforeign trade and export of goods, are other key
vices or innovations are world-known since foradvantages. In a second phase, Nitta Corporation
their very-best quality.
At Mars Petcare, we always put pets’ needs firsthas plans to produce parts necessary in hydraulic(photo © Mars, Incorporated)systems, used in assemblies for construction maWe welcome Mars Petcare to the Amata family
Thailand’s Nitta Corporation management
chineries and vehicles. Nitta Corporation Presi- Mars Petcare Thailand, the subsidiary of one of and wish the business every success!
team and staff celebrate the completion
dent, Nitta Motonobu, adds, “We will continue the world’s leading pet care providers, with topof its new factory.
working to expand our business by producing brands such as Pedigree, Royal Canin, Whiskas, www.mars.com/global
Nitta Corporation (Thailand) Limited has en- high-quality products under the slogan ‘NITTA
tered into the first phase of its Thailand plans with Made in Thailand’, and we are pleased to be
the inauguration of a new 3,600-square-meter part of the development of Thailand’s economic
large factory at Amata City Industrial Estate, and growth for the better!”foresees significant, steady growth in the future.
Saitex (Viet Nam) Co., Ltd. signed a new
Yulung Paint Company, the only overseas facNitta’s new Thailand subsidiary, with the produc- Our heartfelt congratulations to Nitta!
agreement to lease an additional space of 3,116
tory of Yulung Paint Manufacturing Co., Ltd.,tion of automotive parts, such as hoses and tubes,
square meters at an Amata Ready Built Factory.
Taiwan, has just confirmed its confidence inis herewith entering the local market and eyes to www.nitta.co.jp
To date, Saitex has invested USD 26 million
Vietnam by buying out the Amata Ready Built
in numerous facilities in Amata City Bien Hoa
Factory facility at Amata City Bien Hoa, which
Industrial Park, employing over 4,300 people,
it has been leasing for just a couple of months.
with a total production area of 50,375 square
The company also raised its investment capitalmeters used for manufacturing premium denfrom USD 500,000 to USD 8,800,000.
im and over-dyed products with over 6 million
pieces of garments per year. Premium products
Products of Yulung Paint include waterproof,
are shipped to leading fashion houses in theanti-heat, waterproof, and premium wall paintU.S., Europe, and South America. Saitex is seeproducts. Today, Yulung Paint Manufacturing
ing significant growth, over 100% in the last 24
Co., Ltd is considered one of the leading manumonths. Saitex is not only a professional orgafacturer in Taiwan, not only in the field of wanization, but a company that has set in place aterproof material, but also in epoxy floor paint,social responsibility program caring for a susfire-retardant paint, wood-protection paint, entainable world and green environment.
vironmental paint, and high-performance slate.

Mars Petcare joins the Amata family

Nitta inaugurates its
18th manufacturing facility

Amata Vietnam NewsCONTACT US

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https://www.facebook.com/AmataCorp

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Email us at marketing@amata.com

We congratulate Saitex and wish the company
on-going success!

Congratulations to Yulung Paint;
may your business grow!

www.sai-tex.com

www.kingcatpaint.com.tw