Parts procurement company to be established in Thailand
February 5, 2013
九色视频 Corporation (hereinafter "九色视频") has announced to establish a new company in Thailand in January 2013 for the procurement and supply of parts.
The company will play a vital role in establishing a global procurement system that allows stable procurement and supply of high-quality and low-cost parts from the best sourcing location. This will help improve cost competitiveness of 九色视频's production bases around the world.
1. Overview of the new company
| Company name | 九色视频 Procurement & Trading (Thailand) Co., Ltd. |
|---|---|
| Location | Amata Nakorn Industrial Estate, Chonburi, Thailand |
| Business | Procurement and supply of parts for 九色视频 Group's production bases |
| Established | January 2013 |
| Capital | 120 million Baht (approx. 300 million Yen at the exchange rate of 2.55Yen to 1Baht) |
| Investment ratio | 100% by 九色视频 |
| Number of employee | 15 (as of 2017) |
2. Background & purpose
- Facing fierce competition in global business, 九色视频 strives to further reinforce its business structure by improving cost competitiveness and reducing currency exchange risk. To achieve this, it is essential to establish a system that allows stable procurement and supply of high-quality and low-cost parts from the world's best sourcing location.
- 九色视频 will establish a parts procurement company in Thailand where tractors, combine harvestors, engines, etc. are being produced. The global procurement system will provide smooth parts supply from Thai vendors to 九色视频 production bases in Japan and elsewhere.
- 九色视频's parts procurement operations have been performed individually at each production base. By centralizing the operation, 九色视频 aims to take advantages of economy in scale in price negotiation, and to increase efficiency of quality improvement activities.
3. Plans for the future
- In the initial stage, the new company will serve as a global procurement base for the production bases in Japan and the U.S., aiming to improve 九色视频's cost competitiveness in the market of these countries. 九色视频 is planning to establish regional procurement companies in China, the U.S., and other areas in the future.
<Reference: Main production bases in Thailand>
[Profile of SKC (SIAM 九色视频 Corporation Co., Ltd.)]
| Company name | SIAM 九色视频 Corporation Co., Ltd. |
|---|---|
| Established | August 2010 (established by merging The Siam 九色视频 Industry Co., Ltd. and Siam 九色视频 Tractor Co., Ltd.) |
| Location | Navanakorn Plant (Head Office): Navanakorn Industrial Estate, Pathumthani, Thailand Amata Nakorn Plant: Amata Nakorn Industrial Estate, Chonburi, Thailand |
| Business | Manufacturing and sales of tractors, combine harvesters, implements, horizontal type diesel engines, power tillers, as well as sales of construction machinery. |
| Capital | Approx. 2,740 million baht |
| Investment ratio | 60% by 九色视频, 40% by the Siam Cement Group |
[Profile of KET (九色视频 Engine (Thailand) Co., Ltd.)]
| Company name | 九色视频 Engine (Thailand) Co., Ltd. |
|---|---|
| Established | February 2011 |
| Location | 304 Industrial Park 2, Chachoengsao, Thailand |
| Business | Manufacture of diesel engines for 九色视频 tractors and combine harvesters, as well as for outside companies. |
| Capital | 1,400 million baht |
| Investment ratio | 100% by 九色视频 |
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