Bangkok--29 Apr--Valeo Automotive
Mr. Jacques ASCHENBROICH, Chairman & CEO of Valeo Group (middle), and Mrs. Rebecca CULLINAN, Valeo's Group Director South East Asia (2nd from right), have joined to preside over the official opening of Valeo's latest production line, the Thermal Front-End module, through the ribbon cutting, along with partner Dr. Phornthep Phornprapha, President of Siam Motors, and representatives of local Thai authorities including (Ms.) Ajarin Pattanapanchai, Deputy Secretary General of Thailand's Board of Investment (2nd from left), and (Ms.) Panudda Rungraungsri, Director of Amata Nakorn Industrial Estate, from Industrial Estate Authority of Thailand (right).
This new production line is Valeo's first Thermal Front-End module site in the ASEAN region and will later become an important hub for this product line in the region, with current surface area of 2,630 m2, and will expand to 4,600 m2 next year. This newest investment will facilitate Valeo's capacity to serve the demands of automotive industry in the region and worldwide.
Thermal Front-End module production line is also demonstrating the company's commitment to bring more investment and to encourage Thailand as the most important production hub of ASEAN.
About Valeo in Thailand
Valeo marked the first step in Thailand by establishing a Thailand branch in 1996. Valeo Group in Thailand comprises 4 legal entities, 3 production sites, 1 R&D center in Chonburi and Rayong and also the after market distribution named Valeo Service ASEAN. Valeo currently employs 4,800 staffs in Thailand.
About Valeo
Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of €14.5 billion and invested over 10% of its original equipment sales in research and development. Valeo has 134 plants, 17 research centers, 35 development centers and 15 distribution platforms, and employs 82,800 people in 30 countries worldwide.
Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.
For more information about the Valeo Group and its activities, please visit our website, www.valeo.com