Siam Kubota launches Cambodia, Laos units

3 March 2014
The Nation
Agricultural engineering services and equipment / Agricultural management systems and technologies / Economy and commerce / Investment
AEC / ASEAN / ASEAN Economic Community / Hiroshi Kawakami / Kubota Cambodia Co Ltd / Kubota Lao Sole Co Ltd / Laos / Myanmar / Siam Kubota Corporation Co Ltd / Weerapong Wirabutra

Siam Kubota Corporation Co Ltd is set to expand its business by opening subsidiaries in Cambodia and Laos as part of its preparation for the launch of the ASEAN Economic Community (AEC) in 2015.

Siam Kubota has invested a total of Bt68 million in the two subsidiaries and expects them to make Bt7 billion in revenue by 2015. Siam Kubota spent Bt38 million to open Kubota Cambodia Co Ltd and Bt30 million on Kubota Lao Sole Co Ltd. It expects them to generate revenue of Bt5 billion and Bt2 billion respectively. …

Siam Kubota believes that the agricultural machinery business in ASEAN will continue to grow, particularly in Cambodia and Laos, because of shortage of labour, the farmers’ competition to reduce production costs and raise productivity, and their governments’ support for the expansion of the agriculture industry. …

 Erich Parpart
http://www.nationmultimedia.com/business/Siam-Kubota-launches-Cambodia-Laos-units-30228172.html