Thai Floods Cause $178 Million in Industrial Damage, Factory Group Says
The Federation of Thai Industries estimates 6 billion baht in losses across Bangkok and 14 provinces, with carmakers holding parts stock through October 12.
BANGKOK, Oct 7 (Reuters) - Thailand's industrial sector has suffered damages worth an estimated 6 billion baht ($178 million) from floods that have swept through parts of the country since last month, a Federation of Thai Industries official said on Wednesday.
Despite disruptions, automotive assembly plants currently have enough parts in stock to continue production until Oct 12, FTI Secretary-General Panitarn Pavarolavidya said in a briefing.
Last week, the FTI's initial damage assessment of the flooding in the capital Bangkok and 14 other provinces stood at around 1 billion baht.
($1 = 33.650 baht)
(Reporting by Orathai Sriring and Kitiphong Thaichareon; writing by Devjyot Ghoshal; Editing by John Mair)
