|
|
Article: Coming off a strong year.(industry growth in Thailand)(Statistical Data Included)
- Article from:
- Electronic Business Asia
- Article date:
- February 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Reed Business Information. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The Land of Smiles could develop into Asia's premier contract manufacturing base
LAST year proved invigorating for Thailand as rising exports drove the country's economic growth. Annual GDP growth was expected to be in the 4-5% range, despite a slowing in Q4. Thailand's total exports were forecast to be up 10% to $66 billion. Electronics accounts for roughly 25% of the total.
The strong bounceback in the chip market and a weak Thai baht were behind the increase, according to Merrill Lynch Patra in Bangkok.
Of the locally listed electronics companies, Hana Microelectronics, Delta Electronics and KCE Electronics will likely show double-digit ...