Double A invests over THB 6 Billion in Establishing Paper Mill 3 at 304 Industrial Park Believing this area will not be affected by flood
Double A believes that the Thai business sector will be moving forward after last year’s flood crisis. This has encouraged the high quality paper maker in establishing its Paper Mill 3, a THB 6 billion project at 304 Industrial Park, increasing its capacity to 820,000 tons per year to support Double A paper worldwide. The paper mill, located 20 meters above sea level, will commence operation by the last quarter of 2012.
Mr. Charnvit Jarusombathi, Double A Senior Executive Vice President revealed that the plan to operate a new paper mill in Prachinburi province is to reinforce Double A’s paper capacity to 820,000 tons per year from the previous per annum capacity of 599,000 tons. This investment in paper capacity enhancement aims to meet the increasing customer demand from over 100 countries worldwide, from Asia to Australia, Europe, Africa and USA.
“Double A has decided to invest in capacity expansion during this time to ably sustain the consumption of Double A paper worldwide especially in our newly explored markets in Eastern Europe and Africa. Furthermore, Double A believes that the previous year’s flood crisis will not affect Thai and foreign investor’s decision to grow in Thailand for the reason that our country has many potentials and is ready to support investors”, said Mr. Jarusombathi.
At the moment, Double A has 2 pulp mills and 2 paper mills in 304 Industrial Park, Prachinburi province which produces 599,000 tons per year when operating at full capacity. The main material is wood from Double A Paper-Tree, a tree species developed by 100 researchers and is grown along KHAN-NA, the vacant space along paddy fields. Double A is the sole paper company to use such a unique and sustainable Paper from KHAN-NA, an environment-friendly paper that helps in reducing global warming.
On the economic angle, Paper from KHAN-NA provides additional income to farmers by over THB 5,000 million and increases the country’s annual export earnings by THB 10,000 million.
Double A’s decision to build its Paper Mill 3 at 304 Industrial Park is due to the fact that Double A factories have been operating in this area since years. According to the research conducted 20 years ago, the area is 20 meters above sea level which is safe from flood. Furthermore, the 304 Industrial Park’s ground infrastructure can support buildings and huge machineries by 2.5 tons per square meter thus reducing factory infrastructure costs by 20%. The flooding situation in 2011 is a single proof that 304 Industrial Park is the perfect location for business and factories under a good environmental system.
After last year’s flood, 10 investors have moved their manufacturing sector to 304 Industrial Park earlier this year. This moving trend is expected to continue at an increasing rate. Most investors are Japan based companies belonging to Electrical & Electronics industry – CANON PRACHINBURI (THAILAND) CO., LTD; Machinery & Metalworking Industry - NICCO MACHINE CO., LTD. NORTHLAND CO., LTD., SANWA METAL CO., LTD., SATO PRESS KOGYO CO., LTD., THAI KYOWA GMB CO., LTD., Automotive Industry- TAGA CO., LTD., Y-TEC CO., LTD. and Malaysian Food Industry- WINSOME GREEN CO., LTD.
In addition to the rehabilitation trend in 2012, the investment in 304 Industrial Park has increased the Thai total investment revenues by at least THB 11,600 million and there is a prediction of hiring 10,400 employees. This current situation has shown that global investors still have confidence in Thailand, believing that Thai business sector will be moving forward in the future.
For more information:
Kith and Kin communication and Consultant Co., Ltd
Marayart Jampathum: 02-663-3226 Ext 62 or 086-339-4947
