MOSCOW (MRC) -- Taiwan-based PCB maker Apex International is stepping up construction of new production facilities in Thailand seeking to meet ever-expanding demand resulting from supply relocation to Southeast Asia, according to DigiTimes.
Apex's board of directors has just approved a plan to purchase a plot of land in Sinsakhon Industrial Estate for THB290 million (USD9.21 million) to house new production lines in Thailand, according to a company statement.
Apex has invested big in expanding capacities of its two existing wholly-owned plants in Thailand, with one of them dedicated to production of TV PCBs for major brand vendors and the other for manufacturing PCBs for other applications. A third plant, now under construction, will be for rolling out automotive PCBs and some high-end boards, according to company sources.
Southeast Asia is gaining momentum as a new production base for notebook, networking and DRAM module boards amid the intensifying US-China trade tensions and Korean memory makers strengthening production deployments in the region, industry sources said.
Now among the top-10 PCB makers in Thailand, Apex has landed stable orders from many ODMs and terminal clients as a result of its long-term deployments there, the sources said. The company is poised to see more growth momentum in the wake of global supply chain diversification through building new production facilities in Southeast Asia, the sources indicated.
As MRC reported earlier, Covestro has launched a new production line for polycarbonate (PC) films in the Map Ta Phut Industrial Estate in Thailand. With the new capacity, the company aims to meet the rapidly growing demand in the Asia-Pacific region and to strengthen its own position as a market leader in this field. The films are mainly used in the automotive, telecommunications, medical technology and ID document sectors. The project is the first step in a global expansion of Covestro's plastic film production. The total investment of more than 100 million euros also includes an expansion of the associated infrastructure and logistics to shorten delivery times. More than 100 new jobs will be created worldwide.
According to MRC's ScanPlast report, overall estimated consumption of PC granules in the Russian market reached 58,000 tonnes in January-July 2020, up by 22% year on year (47,500 tonnes).