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The SET-listed auto-parts maker Somboon Advance Technology (SAT) is planning to invest 3.5 billion baht to expand its production over the next three years to serve expected high growth of the automotive industry.

Excerpt: Alexander Becker, executive assistant to the president of Continental's chassis and safety division, said the company plans to step up its presence in Thailand through new investment to build a new automotive parts plant. Its first engine plant in Thailand started in 2009. Continental wants to double its revenue in Thailand from 30 million euros at present to 60 million in 2015 partly through seeking closer access to Japanese customers such as Toyota and Honda to gain more market share. "Despite a (political) crisis over recent months, Thailand has shown a very good rate of economic growth and growing vehicle sales," said Dr Becker. "The eco-car programme is a very good strategy for developing the auto industry."

Thailand's gross domestic product ( GDP) in the 1st half of 2010 could increase 10 percent year on year, Bank of Thailand (BOT) governor Tarisa Watanagase said on Thursday, the Bangkok Post's website reported.