Vol. IX No. 8 - Tuesday
February 23 - March 1, 2010



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by Saichon Paewsoongnern


BUSINESS NEWS
HEADLINES [click on headline to view story]:

Swedish company eyes solar cell production investment in Thailand

Worldwide recall doesn’t affect Thai-built Hondas

Swedish company eyes solar cell production investment in Thailand

Swedish company M2 Engineering plans to invest in solar cell production in Thailand, according to the Ministry of Industry.

Industry Minister Chanchai Chairungruang told the media after meeting with an M2 Engineering representative that the company is confident in Thailand and is ready to invest in solar cell production here.

Charnchai said the Swedish firm was to invest about Bt4 billion in the first phase, with additional investment likely in future.

M2 Engineering attributed its keen interest in Thailand’s potential and readiness in all aspects, including existing policy to promote investments in alternative energy.

The company is one of the world’s leading manufacturers of optical disc manufacturing systems and equipment for CD, CD-ROM, CDR, DVD and DVDR.

In 2006, it opened a manufacturing facility in Chonburi’s Amata Nakorn Industrial Estate, 40km from Laem Chabang Port. (TNA)


Worldwide recall doesn’t affect Thai-built Hondas

Following an expanded driver’s airbag inflator recall in North America and Japan for some 2001-2002 model-year cars, Honda Automobile (Thailand) announced that no Honda vehicles sold in Thailand face this problem.

Honda Automobile (Thailand) said in a statement that locally-produced vehicles in Thailand have not experienced any of the airbag problems affecting vehicles sold elsewhere, as they were installed with a different airbag inflator system. Honda said the inflator in some 2001-2002 models sold abroad may have used too much pressure causing the inflator casing to break and bring about injury or death.

According to a statement from American Honda Motors, Honda extended its recall to over 370,000 vehicles in the United States to exchange airbag inflator.

The original recall was in November 2008, while the company said it was aware of 12 incidents linked to the problem but not of any events occurring after July 2009.

Last month, Honda also recalled 646,000 of its 2007-2008 models worldwide due to a malfunction which could cause water to penetrate the power window mechanism causing components to overheat. (TNA)



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