Industry News

June 30, 2020 2020
Thai Ministry of Agriculture: Chinese state-owned enterprise intends to invest in rubber glove factory in Thailand

Chinese state-owned enterprises are interested in investing in the construction of a 20,000-unit rubber glove factory in the park of the Thai Rubber Bureau in Nakhon Si Thammarat, with a planned annual production capacity of 1.8 billion units, according to Thai media reports. More details and investment models are being negotiated and terms adjusted to attract investors in consultation with the Investment Promotion Commission Boi, with 51 per cent of investment being made by state-owned enterprises and 49 per cent by private enterprises, using domestic rubber raw materials. 

In addition, the Thai Rubber Authority was ordered to dispose of 104,000 tons of rubber in its domestic stock as soon as possible, for example, to be put to greater use by state agencies, as the annual cost of the warehouse lease would account for a large part of the budget. According to the documents, the State Owned Enterprise Policy Committee, chaired by Premier Prayudh, analyzed the budget for storage rental fees, insurance fees, rubber production and employment fees, it found that the budget for March 2016 was approximately 772 million baht for the period February 2020, and for 2021 was approximately 126.3 million baht for the period March 2020, totalling approximately 898 million baht.


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