SPI expands its wings once again, closing a ten-billion baht deal at the end of the year to make a significant investment together with "Zhen Ding Tech Group." They are setting up to build a world-class printed circuit board (PCB) manufacturing plant in Thailand, aiming to be number one in ASEAN.
Saha Group, through "Saha Pathana Inter-Holding Public Company Limited," held a signing ceremony to record the joint investment with "Zhen Ding Tech Group," a major global leader in designing, researching, developing, manufacturing, and selling printed circuit boards (PCBs). The investment will establish manufacturing plants for PCBs in Saha Group Industrial Park, Kabin Buri, Prachinburi Province. This collaboration will facilitate the exchange of advanced technological knowledge in manufacturing processes, creating opportunities for high-quality employment. The goal is to propel Thailand as a key PCB production base in the ASEAN region. This prestigious event was recently graced by General Surayud Chulanont as the presiding chairman.
Mr. Vichai Kulsomphob, Executive Chairman and Chief Executive Officer of Saha Pathana Inter-Holding Public Company Limited or SPI, revealed that Saha Group, through SPI, has signed a memorandum of understanding for business collaboration with Zhen Ding Tech Group. They have established a joint venture to develop, produce, and sell advanced multi-layer printed circuit boards (PCBs). The construction of the factory began in December 2023 under the land area of Saha Group in Kabin Buri, Prachinburi Province. Saha Group is highly hopeful that the expansion of Zhen Ding Tech Group's investment will contribute significantly to making Thailand a more prominent global PCB production hub and a key PCB production base in the ASEAN region. This venture is expected to create quality employment opportunities and facilitate the transfer of advanced technology used in manufacturing processes to Thailand. It also aims to attract more major players in the supply chain to invest in Thailand.
For this joint venture between the Saha Group and Zhen Ding Tech Group, Saha Group estimates an investment value of approximately THB 10,000 million entering Thailand for the first phase and more than 50,000 million baht by 2030. The PCB industry is one of the targeted industries promoted by the government, supported by BOI (The Board of Investment of Thailand)," said Mr. Vichai Kulsomphob.
Mr. Charles Shen, Chairman of Zhen Ding Tech Group, represented by Zhen Ding Technology Holding Limited, stated that the Zhen Ding Tech Group recognizes Thailand's potential and is confident in their business collaboration with Saha Group. They are ready to expand their investment and drive business growth to meet their objectives. This represents a significant growth opportunity, as PCBs are critical components in all electronic products.
At present, Zhen Ding Tech Group is a leading global PCB manufacturer and distributor, holding about 7% of the global market share with six major production bases located in Shenzhen, Huai'an, Qinhuangdao, Taoyuan, Kaohsiung, and Chennai Southern India. It is anticipated that Zhen Ding Tech Group will drive its market share up to 10% of global market by 2030.
Mr. Vichai added, "Saha Group is fully prepared to cooperate with all partners and investors. Our land availability and well-established network in Thailand can help our partner's businesses grow quickly and comprehensively in all aspects. Currently, Saha Group Industrial Parks cover four strategic locations across Thailand: 1. Kabin Buri in Prachinburi Province, 2. Si Racha in Chonburi Province, 3. Lamphun in Lamphun Province, and 4. Mae Sot in Tak Province. This investment collaboration with Zhen Ding Tech Group utilizes over 300 rai of land, marking a significant move for the future of Saha Group under the era of technology transformation. This will create over a thousand job opportunities in engineering fields to Thailand. We believe that expanding investment under the concept of ECO-TECH INDUSTRIAL PARK will not only benefit the community directly but also enhance the level of market competitiveness for the overall industry of the country."
Source: อินทิเกรเต็ด คอมมูนิเคชั่น