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Posts Tagged ‘Thailand Business’

Thai women odded business beats the odds

Thursday, December 6th, 2007

My Thai, Direct Importers celebrates 3 year  anniversary milestone.  Wilmington, DE—May 1, 2003–My Thai, General  Partnership, a Delaware based direct importer which  started operations May 1, 2000, offers quality handcrafted  products Made-in-Thailand at affordable direct imported tax  free Delaware prices. The style of My Thai’s hand woven  silks, accessories, jewelry, handicrafts and gift items is an  expression of both Traditional Thai Classical Crafts and  modern innovative handmade items. Whether you have $2  or $200 in your pocket, enter My Thai’s 1000 square foot  modernized Trolley Square showroom and you’ll be able to  find something truly unique. Starting from a card table and suitcase based in a 1  bedroom apartment 4 years ago My Thai was founded by  Thai native and recent immigrant Uthairat Nunthaponpisut  (26 years old at the time) and her American husband. With  little business experience, no retail experience, o credit rating and no money My Thai started as a dream that various business consultants and non-profit community  development counselors predicted less than a 10% chance  of making through its first year in business. What those  inaccurate predictions failed to account for was that for  everything My Thai lacked it was compensated for by a  surplus of vision, love and sheer determination.  Convincing relatives to front $30,000 in cash and co-sign a  lease My Thai has gone from $0 to grossing just under  $200,000 since opening for business. Debt free and  profitable My Thai has defied the odds in the post 9/11  economy. My Thai’s success can be attributed to hand  picked reasonably priced quality Traditional Thai  Handicrafts, a Traditional American “Mom & Pop Store”  business model and innovative, sometimes downright  guerilla marketing tactics. My Thai is continuously  campaigning online, via print, flyers, newsletters,  community fairs, direct mail, PR, anything and everything,  but more than anything else by word of mouth. My Thai  simultaneously represents the balance of respect/beauty of  Thai Culture and the fiercely Independent spirit of the  American Dream.  My Thai owner and Generel Partner Uthairat  Nunthaponpisut. Wilson was named a 2001 International  Who’s Who Business & Professional Woman Honoree by  The American Biographical Institute, Raleigh, NC.  Honorees were chosen for making significant contributions  to society. Uthairat was chosen for selecting alternative  women made Thai products to resale in USA & working  with women’s groups in Thailand such as the BanHun’s  Village Housewife Weaving Association in rural Issan,  Thailand to create an export market for their hand woven  products thus reviving Delaware’s lost Thai Silk importing  heritage first started by Jim Thompson a Delaware native  after World War II.

Nissan To Expand Production In Thailand

Tuesday, September 25th, 2007

Nissan, the third largest Japanese car manufacturer, announced that they will expand their production of export vehicles in Thailand. This is in connection with the company’s aim to expand its use of the country as a low-cost production base. Wages in the country is significantly lower than in Japan that is why the company is looking to make bigger profits if they expand their production in the said country.

The company announced that they will be exporting Thai-made Navara to more than 100 countries around the world starting August this year. Nissan’s Chief Executive Officer Carlos Ghosn made the announcement but did not specify the number of Navaras they are planning to produce in Thailand. The Navara is a one-ton pickup truck produced by the company since 1986 and is also called the Nissan Frontier in other markets.

Nissan will be following the steps taken by General Motors, Toyota and Ford which have already stepped up production in Thailand. These three car manufacturers have already taken advantage of the low production cost in Thailand as well as for the tax breaks in the country.

Nissan has earmarked a sum of about $911 million in the expansion of their production based in Thailand. The company aims to double production output in the country which would mean that they will be producing about 200,000 vehicles in the Southeast Asian country by the end of 2008. The expansion to be carried out by Nissan will make Thailand their third largest Asian production base behind Japan and China.

“The costs in Thailand are very competitive,” said Ghosn. “Thailand is the other export base that we have built outside of Japan.”

The Japanese car manufacturer trails Toyota and General Motors in terms of production output in Thailand. During the first quarter of this year, Japanese car manufacturers have collectively exported 2,637 units of automobiles from Thailand. That figure corresponds to an increase of 1.7 percent compared to the first quarter of 2006.

In November last year, Nissan started exporting the Nissan strut -equipped Tiida, which is also known as the Nissan Versa, into Australia from Thailand. The export of the said car into the Australian market is a good start for the company in terms of expanding their production base in Thailand. Aside from fully assembled vehicles, Nissan is also planning to export 11.5 billion baht worth of Thai-made auto parts. That plan would make Thailand the second largest Asian production base of auto parts for Nissan, second only to Japan.

Due to the expansion of their production base in Thailand, the country’s economy has grown by 4.3 percent during the first quarter of the year. Exports from the country increased by 21 percent last month compared to May of 2006. The increase in export has given the country an income of $13.1 billion. The increase in export is led by automobiles and auto parts which shows an increase of 32 percent for the month.

While the plans are already in place, Ghosn is worried about the current political situation in Thailand. Following the ousting of Prime Minister Thaksin Shinawatra, protesters have gathered to call for the resignation of army chief Sondhi Boonyarataklin. “For a car manufacturer heavily invested in Thailand, it’s not sufficient to have just a good export base,” said Ghosn of the current situation. “We’re following, just like anybody else, the situation with a lot of attention, hoping that it will stabilize very soon.”