Bangkok--15 Oct--BrandComm Consultants
Recently, TICON Industrial Connection Public Company Limited or TICON, Thailand’s leading developer of high quality ready built factories for rent, signed an agreement to purchase 290 rai of land in Pinthong Industrial Estate (Project 5) from Pinthong Industrial Park Co., Ltd., a leader in Industrial Estate in Eastern Region of Thailand.
The purchase will allow TICON to incraese its rental factory space by 200,000 sq m to respond to ongoing customers’ demand of ready built factories. TICON has been acquiring land at strategic industrial locations nationwide. Pinthong Industrial Estate has a strategic prime location in Chonburi Province which is located next to Leam Chabang Port being a center of automotive industry in the Eastern region in Thailand. Currently, Pinthong Industrial Estate Project 4 and 5 are now under development with approximately 2,200 rai in total development area. The Projects have been now recognizing by both domestic and foreign investors and expect to raise employment in Eastern Region.
TICON targets to increase 70,000 sq m of its rental factories area in 2014. Presently, the company has a totalof 1,046,000 sq m of factories space under management.
Picture shows Mr. Virapan Pulges (center left), Managing Director of TICON or TICON Industrial Connection Plc. exchanged contract with Mrs. Somsri Duangprateep (center right), Director of Pinthong Industrial Park Co., Ltd. at the land purchase contract signing ceremony. Also present are Ms. Lalitphant Phiriyaphant (far left), Chief Financial Officer of TICON and Mr. Takaharu Tsuge (far right), General Manager of Pinthong.