Prime Minister opens SUBCON Thailand 2024

BITEC, The Prime Minister opens SUBCON Thailand 2024, pointing out that the government supports the supply chain into the manufacturing parts industry to support EVs, joining hands with 7 major EV companies from China to promote Thai entrepreneurs. It is expected that throughout the work the value will be created at more than 20 billion baht. Mr. Settha Thavisin, Prime Minister, presided over the opening ceremony of the international industrial parts exhibition "SUBCON Thailand 2024" which is a collaboration between the Board of Investment (BOI) and the Thai Subcontracting Promotion Association. (Thai Subcon) and Informa Markets Thailand, organized under the concept of 'The Global Sourcing Excellence' to promote its potential as the largest center for purchasing and subcontracting the production of industrial parts in the ASEAN region. Mr. Settha said at the opening of the event that The government attaches great importance to clean energy. By 2040, Thailand aims to use approximately 50% of clean energy. D eveloped industrial countries will move production to Thailand and give the highest priority to this matter. While regarding various industrial parts It is very important for Thailand to move forward. But the real challenge It is in the supply chain or all supply chains that must be brought into the system. Must have the ability to apply science that the government is willing to support. And I would like to leave big companies with the message that we should support the entire supply chain. Mr. Narit Therdsatheerasak Secretary-General of the Board of Investment (BOI) said that SUBCON Thailand 2024 is considered an important stage to showcase the potential of the manufacturing parts industry in Thailand. It brings together both domestic and international manufacturers and buyers of industrial parts in one event and showcases Thailand's potential, the largest industrial parts event in ASEAN. The important highlight this time is It is an important meeting point to provide opportunities for Thai entrepreneurs to negotiate business with major electric vehicle manufacturers including BYD, MG, Great Wall Motor, Neta, Changan, GAC Aion and Chery that have invested in Thailand. This is the first time that as many as 7 car manufacturers have gathered together to share experiences and reveal the direction of the electric vehicle industry through the activity "BOI Symposium: EV Supply Chain". This year's event has business matching activities between Thai parts entrepreneurs and major companies from both domestic and international markets. The target is set at 9,000 pairs. At the same time, we also meet Exhibiting parts from both domestic and international buyer companies that need to procure from subcontractors (Buyers' Village), displaying innovation and new technology (Innovation Showcase), all ready to drive development towards The target industry group is to help create business opportunities for domestic parts manufacturers, especially SMEs, to have the potential to compete in order to become the world's leading elect ric vehicle production center. It is expected that throughout the event There will be more than 47,000 people attending the event, creating connected value of more than 20 billion baht. Mr. Sanchai Numbunnam, General Manager of Informa Markets Thailand, said that SUBCON 2024 is organized in conjunction with Intermach2024 The first industrial machinery exhibition of the year Organized continuously for more than 4 decades, this year it was held under the concept of Bridging Manufacturing Solution Towards Net Zero Carbon' or solutions for elevating production to a carbon-free industry by more than 40 agencies and associations related to the manufacturing sector. The most participation since the event has been held. All sectors are confident that the stage for organizing such events will connect opportunities and create advantages for the Thai industrial sector. with the same goal in It is a part of driving Thailand to be a center for presenting modern technology and machinery to the manufacturing industry and r elated industries in the ASEAN region. This year it is also organized in conjunction with Plastics and Rubber Thailand 2024 (Plastics and Rubber Thailand 2024), held between 15-18 May 2024 at the BITEC Bangna Exhibition and Convention Center. Source: Thai News Agency