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Thailand Firm's Weapons Cut Imports.
Jun. 3--Precipart Co, a producer of weapons and rubber bullets, says its products could increasingly replace imported alternatives that cost the country several billion baht a year.
Established in 1995, the company, which now has registered capital of 32 million baht, started by making rubber parts for automobiles at its plant in Bang Sao Thong, Samut Prakan. Its turnover of the products now totals 100 million baht a year.
Managing director Major Songpol Eiamboonyarith, who resigned from the army to establish Precipart, saw a business opportunity for making rubber bullets and other military equipment after several hostage stand-offs and hijackings in ...
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Source: HighBeam Research, Thailand Firm's Weapons Cut Imports.