Vol. V No. 26 - Saturday June 24, - June 30, 2006
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BUSINESS 
HEADLINES [click on headline to view story]:

Driessen Lamphun receives Benelux award

BOI has supported 2,000 million baht for Northern investment in the last five months

Driessen Lamphun receives Benelux award

The Dutch Ambassador to Thailand, HE Pieter Marres, presented the Business Award for Excellence of the joint bi-lateral Chambers of Commerce of the Netherlands, Belgium and Luxembourg to Driessen Aircraft Interior Systems (Thailand) Ltd. for its achievements made in the past year.
The joint chambers established the Business Awards in 1998 to honour Benelux companies established in Thailand for the way in which they excel in business and for their contribution to Thai society.

HE Pieter Marres (left) presenting the award to Kees de Ruiter.

The Jury used the following criteria to decide on the final winner:
1) Innovation
2) Corporate Social Responsibility
3) Dedication to Training and Human Resources Development
4) Promotion of Thai-Benelux relations
5) Overall Business Achievement
Winner Driessen from Lamphun is a Dutch based company that designs, manufactures and markets aircraft interior systems. The main product groups are galleys, catering trolleys and cargo containers. Driessen’s worldwide market share is approximately 60 percent. In 1986 Driessen established its first manufacturing operation in Thailand. Today it operates among others a factory in Bangkok and four factories in Lamphun, Northern Thailand. The Lamphun factories, with almost 700 employees, produce approximately 60,000 aircraft trolleys annually in addition to numerous food containers, drawers, water boilers and other galley equipment. At the factory in Bangkok air cargo containers are manufactured with approximately 150 employees.
All products now made in Thailand once were made by Driessen in the Netherlands. The company transferred the manufacturing of these relatively labour intensive products ahead of time to Thailand and benefited from the eagerness of the country to attract foreign investments. Driessen has made sizeable investments over the years in Thailand, while a relatively smooth transfer of technology formed the bases of its success. The factories in Thailand in the past year were restructured, production processes were adjusted and decision-making responsibilities were brought to lower levels in the organization, providing for greater commitments on performance. The measures taken have lead to an improved cost effectiveness in the operations. This, apparently, went not unnoticed and the company is truly proud of being granted this year the prestigious Award for Business Excellence.


BOI has supported 2,000 million baht for Northern investment in the last five months

Chiangmai Mail Reporters
The Board of Investment (BoI) disclosed that in the last five months, BoI had supported investment in the Northern region by loaning more than 2 billion baht; around twice the figure it loaned during the same period of last year. Most of the business investments were to purchase new machinery and transportation. The Board also predicted that investment would increase in the following months.
Sirinoot Nurak, director of BoI Northern Region 1, said the loans were approved mostly for metal, machinery and transport tools, which were valued at 971.8 million baht. Investment in agricultural products was 515.8 million baht while light industry investment cost was 370.7 million baht.
Of the entire 19 projects of these last five months, there were three projects that involved investing jointly with foreigners, valued at over 1 billion baht. There were 10 projects with the businesses owned entirely by Thais, who were jointly loaned 566.4 million baht; and six projects with foreigners allowed to hold 100 percent, valued at 620.5 million baht.
The director believed the forecast for the rest of the year was for investment to continue to increase, compared with the previous year.



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