Hana plugs into Cambodian market

Hana Microelectronics Plc is investing 1.5 billion baht to build a new factory in Lamphun and another in Koh Kong, the latter marking a plunge into the Cambodian market. Chief executive Richard Han also hinted yesterday that the SET-listed electronic-parts maker could relocate some production from Thailand to Cambodia if it cannot cope with rising wages here over the next 3-5 years. Wages in Cambodia are one-third those in Thailand but will certainly rise as well, he said. “But the wages will grow faster in Thailand and China,” said Mr Han. “Shoes and textiles are now the major industries in Cambodia. We are the pioneer in electronics.” Some 120 million baht has been allocated for buying a 60-rai plot of land in the Koh Kong special economic zone, while 360 million is slated for the factory. … The company achieved flat revenue last year, rising by 4% in US-dollar terms to $555 million and 6% in baht terms to 17.2 billion amid a weak global electronics industry. Net earnings edged up 3% to 1.66 billion baht on a continued combination of flood issues. …

http://www.bangkokpost.com/business/economics/339371/hana-plugs-into-cambodian-market