Bangkok, AMATA reveals China is still number 1. of customers this year Supports EV base both automotive parts Electronics is ready to push its subsidiary, Amata U, to distribute its shares on the stock exchange. Mr. Osamu Sudo, Acting Chief Marketing Officer Amata Corporation Public Company Limited (AMATA) said that the company still expects Land sales in industrial estates in Thailand in 2024 are expected to have land sales similar to or greater than in 2023 at approximately 1,800 rai. This year it is also expected that there will be entrepreneurs from China who want to invest for export. more while the next period It is expected that there will be foreign investors who will invest in China. Move base to invest in Thailand Due to the trade war between the United States and China Countries in the ASEAN group are considered targets for moving production bases. And Thailand itself has measures to support foreign investment. Especially new investments in the target industry by the US elections in This year is still a risk if Mr. Donald Trump, former president of the United States. If he can win the election back This may cause the trade war between the United States and China to become more intense, causing the industrial estate where Chinese customers are interested in exploring land, namely Amata City Rayong, causing the trend of demand for purchasing land in Rayong from Chinese entrepreneurs to be very high. Especially those producing automotive parts. car manufacturer and electronic manufacturers It is expected that this year the proportion of Chinese customers in Rayong will increase to 90%. This year the situation returned to normal business from before. The results of Covid make travel Agreed that land sales have slowed down It is expected that in the 1st quarter of 2024, land sales will not be very high. But it will gradually increase during the 2nd quarter of 2024 and 3rd quarter of 2024. Currently, the company has a sales value waiting to be transferred (Backlog) of more than 14 billion baht, divided in to a backlog in Thailand of 12 billion baht and Vietnam of 2 billion baht, which will Gradually transferred this year approximately 50%. At the same time, the company has adjusted the selling price of industrial estate land by approximately 11-13% in line with the rising cost of land prices. As for the news of TESLA coming to invest in Thailand and want to use land to build a 2,000 rai production factory, AMATA is ready to procure land. Especially in the industrial estates Chonburi Province, which still has enough land to support the demand for land use in large numbers, thousands of rai or more. This does not close the opportunity if there are many customers interested in purchasing land. Ms. Dendao Komolmes, Chief Financial Officer of AMATA, said that the company has set an investment budget for 2024 at 5-6 billion baht, with the majority being used to purchase land to support industrial estate development. From the needs of many foreign entrepreneurs who are interested in investing in Thailand. And there is a plan to bring a subsidiary company that provides public utility services in the company's industrial estates, namely Amata U Company Limited, to prepare for listing on the Stock Exchange of Thailand. The filing will be submitted in 2024. Mr. Chawalit Tippavich, Chief Executive Officer of Amata U Company Limited, said that the company does business that provides public utility services including water, steam, electricity and others to customers in industrial estates that Amata operates itself and has joint ventures in both Thailand and Lao PDR. Laos, where growth will come from providing services to both old and new customers who will move their base to invest. At the moment, with a 7-year plan, there will be increased electricity production capacity, both electricity from fossil fuels. and renewable energy, including the Circular system, where customers are now increasingly demanding green energy in their carbon trading calculations. As for the main power generating capacity at the moment, Amata is coll aborating with B.Grimm Power Public Company Limited to produce 1,400 megawatts of electricity. The floating solar in the industrial estate area of ??Chonburi Province is in the process of being installed, 19.5 megawatts will be opened. Electricity production at the end of 2024 Mr. Zhao Bing, chairman of Rayong Thai-Chinese Industrial Real Estate Development Company Limited, a joint venture between Amata Group and Holley Group, said that at this time investors from China There has been a lot of interest in investing in Thailand. Most of them are produced for export and support the complete EV industry. both automotive parts Electronics and other industries, causing the 15,000 rai sales area to be full, so we asked Amata to help find additional new space. Which was only 500 rai, which is still not enough Source: Thai News Agency