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Business Plan for Facility in Thailand

The following is a business plan for the creation of a production facility in Thailand to manufacture chassis and suspension components for pickup trucks. Such a facility would be able to make use of the inexpensive and well-trained and motivated work force in Thailand, a work force that includes a large number of workers who have worked for other auto and truck manufacturing plants in that country and who are therefore already trained. The facility would also be well-situated for shipping these components to other parts of Southeast Asia and beyond, serving the growing market throughout that part of the world.

The market size and growth potential in Thailand has been a magnet to auto makers from around the world, and the healthy automobile industry that already exists in Thailand would serve the needs of the proposed facility by providing a trained work force, a ready-made shipping system, and connections to other parts of Southeast Asia where the pickup truck market has been growing in recent years.

Thailand in fact has been trying to fashion itself as a regional hub for vehicle production throughout southeast Asia, and thus the proposed facility would fit with the government's programs and intentions and would be able to draw on the government for support. The economy would benefit from the creation of this facility and so would be welcome, especially in the current economic climate where added business would be helpful in addressing the economic downturn that has affected the region for the last few months.

The Thai economy has seen an average growth of 8 percent per year for the past five years, including a dramatic expansion of the middle income group. The current automobile ration stands at 20 to 1, and this means that the demand for vehicles in Thailand will continue to grow at a high rate. A number of auto makers have turned to Thailand as a good place for the manufacture of motor vehicles, and among the compani...

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Business Plan for Facility in Thailand. (1969, December 31). In LotsofEssays.com. Retrieved 17:59, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1691064.html