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Thailand Industrial Estate Authority Joins Factory Development Venture.
Byline: Busrin Treerapongpichit
Apr. 1--The Industrial Estate Authority of Thailand has entered a joint venture to develop factories for rent or lease to small and medium-sized enterprises.
The factories will be developed by Total Industrial Service Co (Tiscom), a new company capitalised at 50 million baht, in which the state agency holds a 35 percent stake and SET-listed Thai Factory Development Co (TFD) 65 percent.
The initial investment by the venture would be about 200 million baht, said IEAT governor Anchalee Chavanich.
She said the state agency would provide land at its 17 industrial estates in 10 provinces, while the TFD would ...
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