Thailand Greenlights $2 Billion in Investments, Led by Nestle and Thai Airways
Thailand's investment board approved $1.99 billion in new projects, with Nestle expanding coffee production and Thai Airways leasing eight planes.
BANGKOK, July 8 (Reuters) - Thailand's investment board said on Wednesday it has approved $1.99 billion of new investments, led by Nestle and Thai Airways.
The following are details of some of the investments approved.
• The Thai unit of Switzerland's Nestle is investing $688.7 million (22.9 billion baht) in expanding its Samut Prakan production facilities for instant, mixed, and ready-to-drink coffee, the board said.
• Flag carrier Thai Airways received approvals for expansion projects worth $430.2 million to lease eight planes.
• Datasection (Thailand) Co., Ltd., a subsidiary of Japan's Datasection Inc, will invest $235.2 million (7.8 billion baht) to establish high-performance GPU server infrastructure for data hosting in Bangkok and Pathum Thani.
• South Korea's Donsan Group's local unit will invest $180.2 million to produce copper-clad laminate and prepreg, which are inputs for printed circuit boards.
(Reporting by Chayut Setboonsarng, Editing by John Mair, Martin Petty)
