The total investment is 3.8 billion Thai baht! Thai electronics manufacturers join hands with Chinese PCB companies to build factories in Thailand

On April 17th, according to the official website of SVI Public Company Limited (SVI), a leading electronic manufacturing service provider in Thailand, SVI announced that it has signed an agreement with Chinese PCB company Shantou Ultrasonic Printed Circuit Board Company (CCTC) to establish a joint venture company to carry out the production of multi-layer printed circuit boards and high-density interconnect printed circuit boards.

The joint venture company is named Advanced Interconnect Technology Company Limited, with a registered capital of 1.6 billion Thai baht, of which SVI contributes 1.2 billion Thai baht (1.013 billion Thai baht in cash and 187 million Thai baht in company land), holding 75% of the shares; CCTC invested 400 million Thai baht (company cash flow and financial institution loans) and holds a 25% stake.

The joint venture company mainly engages in import and export trade; Development, production, processing, service, and sales of printed circuit boards, module packaging products, electronic assembly products, and electronic components; Sales of chemical analysis instruments, industrial automation equipment, and optoelectronic devices.
 

SVI and CCTC are expected to complete the registered capital payment in the second quarter of 2025, and then start building factories to support the production of multi-layer printed circuit boards and high-density interconnect printed circuit boards.

The joint venture plans to build a printed circuit board production base to serve the global market. The new factory is located in Bangkadi Industrial Park, Pathum Thani Province, with a total investment of approximately 3.889 billion Thai baht.

The project will be implemented in two phases. The first phase has a construction period of 15 months and is expected to be put into operation in the third year, with an annual production capacity of 204000 square meters. The second phase will be launched in the fourth year after the first phase of production, with a construction period of 6 months. It is expected to be put into operation in the fifth year, with an additional annual production capacity of 156000 square meters. After the completion of both phases of the project, the total annual production capacity of the factory will reach 360000 square meters.

In terms of expected investment benefits, after the full implementation of the project, SVI's annual PCB production capacity will increase by 360000 square meters. Simultaneously obtaining advanced technology from CCTC PCB manufacturing technology. Joint venture companies can apply for investment incentives, including tax incentives and other related benefits, from the Thailand Investment Promotion Commission.

This cooperation stems from the common strategic goals of both parties. CCTC is seeking to establish overseas production bases to facilitate business expansion and mitigate potential risks posed by global trade uncertainty. Meanwhile, SVI hopes to leverage CCTC's expertise and advanced technology to enhance its supply chain capabilities in Thailand and increase production capacity to meet the needs of global customers.

SVI Public, founded in 1985, is a leader in Electronic Manufacturing Services (EMS) and one of the top 50 EMS partners worldwide. From industrial electronics to microelectronics, professional electronic components to medical technology, SVI Public provides excellent B2B manufacturing solutions for original equipment manufacturers (OEMs) worldwide.

Shantou Ultrasonic Printed Circuit Board Company was established in 1985 and is a Sino foreign joint venture specializing in the production of double-sided, multi-layer, high-end, and high-density interconnect printed circuit boards. The company has internationally advanced printed circuit board manufacturing equipment, strong technical strength, advanced management mechanisms, and a good market network, providing customers and partners with high-quality products and services with the concept of timely, accurate, and efficient. The company's annual production capacity reaches 1.3 million square meters, and its products comply with international IPC, IEC, and American MIL standards, and have obtained international certifications such as UL, ISO9001, IATF16949, ISO13485, ISO14001, etc. At present, the product has sold well in North America, Europe, Japan, Singapore, Hong Kong, China and other places.

via 泰国澜象网