Market Chatter: Thailand's Board of Investment Approves 13.5 Billion Baht Investment by Haier

MT Newswires09-20

Haier Smart Home (SHA:600690, HKG:6690) secured the nod from Thailand's Board of Investment to invest 13.5 billion baht to build an air conditioner factory, the Bangkok Post reported Friday.

The factory will be opened in Chon Buri, Thailand, and the investment will be made through Haier's Singapore unit. The plant will be run by Haier Appliance Manufacturer (Thailand) and provide jobs for 3,250 people, according to the report.

The facility will have an annual production capacity of about 3 million smart air conditioner units, and 3 million smart split air conditioner unit, the publication noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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