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Firm Hopes to Use Thailand Glove Operation to Break into Asia-Pacific Market.
Byline: Charoen Kittikanya
Nov. 3--Belgium-based r.plus Technology, a specialist in reconditioning disposable gloves, plans to use its Thailand operation as a springboard to tap into the Asia-Pacific market, aiming to earn at least US$25 million over the next five years from the region.
Following a short visit in March with a Belgian trade mission, r.plus chief executive Patrick Hampe took only six months to decide to shift the company's regional operational headquarters to Thailand from Monaco.
The main customers of r.plus Technology, 17 percent of which is held by ABN Amro Capital, are companies in high-tech industries, and it aims to expand its base to the food service, food processing, pharmaceutical and health-care industries.
The company invested 40 million baht in a factory on a 2,400-square-metre site in the Ayutthaya Export Processing Zone. It began operating last month and will hold a formal opening in March.
"Operating out of Thailand, r.plus Technology will directly service the needs of clients in Japan, China, Singapore, Malaysia, the Philippines, Indonesia and the Thai market," said Mr Hampe.
"Over the next five years we expect regional sales to make up 50 percent of all the group's future business projected at $50 million."
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