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Consultants Say Auto Parts Makers Need to Consolidate in Thailand.
Byline: Woranuj Maneerungsee
May 8--Local auto parts manufacturers should merge their operations in order to strengthen their competitiveness to cope with heavy competition from foreign manufacturers that are setting up facilities in Thailand, according to the consultancy PricewaterhouseCoopers.
Kanokphorn Ngarmnil, the firm's director of financial advisory services, said the other alternative would be to stay as is and the let companies from developed countries come in and eventually dominate the sector.
She said that since mergers and acquisitions among auto parts companies had increased in the global market, these types of activities would ...
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Source: HighBeam Research, Consultants Say Auto Parts Makers Need to Consolidate in Thailand.