Amata and Sumitomo to jointly attract more Japanese investors
Amata Corporation Plc, Thailand’s leading industrial estate developer, has signed an agreement with Sumitomo Corp, one of the biggest Japanese trading firms, to attract more Japanese investors to its industrial estates in Chonburi and Rayong provinces.
Somhatai Panichewa, chief business development officer of Amata Corp, said in a company statement that Amata has signed a Marketing Cooperation Agreement with Sumitomo Corp to attract Japanese investors to relocate or expand their projects in the company’s Amata Nakorn industrial estate in Chonburi and Amata City industrial estate in Rayong.
The agreement, Somhatai said, will help to promote Amata industrial lands for sales particularly under the world economic crisis and political uncertainty in Thailand as Sumitomo Corp is expected to contribute about 20 percent of Amata land sales target.
“The agreement of Marketing Cooperation between Amata and Sumitomo Corp is the second collaboration. We both firstly have been the shareholders of Amata Power Limited for the power plant project.
“However it can lead to the possibility to collaborate in a wide range (of business cooperation) in the future, such as utility supply for increasing number of customers in the industrial estates, new development or sales of other industrial estates in or outside of Thailand and so on,” she said.
Amata Corp also operates an industrial estate in Bien Hoa in Dong Nai province near Ho Chi Minh City, Vietnam.
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