With its political stability, rapidly developing infrastructure
and highly-skilled workforce, Thailand has been attracting foreign
investment
to its shores for many years now. Attractive tax incentives
add to the appeal of doing business
in Thailand, as do the country’s fast-developing and well-organised
industrial estates, like
Nava Nakorn.
With the full backing of the Board of Investment (BOI), Nava
Nakorn Industrial Promotion Zone provides tenants with prime
real estate, convenient access to the country’s extensive
communications network and fully integrated facilities and
utilities. The estate plays host to
175 companies, with over 200 factories, covering an area of
some 6,135 rai.
As the first complete industrial promotion zone ever established
in Thailand, Nava Nakorn has risen to the challenge of staying
in the lead. The company was founded in 1971 under the name
of Nava Nakorn Company Limited, and registered as a public
company on 31 October 2002, with NEP Realty and Industrial
Public Company Limited, the Chandawanich Family and the Charusorn
Family as its major shareholders.
Thirty-three years on, Nava Nakorn is now recognised as an
exemplary industrial promotion zone. Strategically located
on Phaholyothin Road at km. 46, Nava Nakorn meets the needs
of a full spectrum of industries. In terms of communications
and transportation, the industrial promotion zone is within
easy reach of Bangkok’s central business district as well
as the domestic and international airport, both current and
future.
SET listed
Nava Nakorn was recently listed on The Stock Exchange of Thailand
which has helped finance its ambitious expansion plans. Twenty
million new shares were floated in the initial public offering
earlier this year. Of the 500 million baht raised, 300 million
was invested in the company’s new industrial estate in Nakhon
Ratchasima, which has been under construction since March.
Of the remaining capital, 100 million baht is being used in
the Pathum Thani free zone and 100 million is reserved for
cash flow.
ISO seal of approval
In order to raise its level of services to internationally
recognised standards and thereby assure customer satisfaction,
Nava Nakorn has adopted the ISO 9001:2000 quality management
system. The company achieved this seal of approval from the
Management System Certification Institute (MASCI) in November
2002. Such world-class standards reflect the company’s commitment
to deliver top-quality services to all its customers for many
years to come.
New free zone
Nava Nakorn Public Company Limited has invested 1.8 billion
baht in establishing a free zone, open to both local and foreign
investors in Pathum Thani. The project has been in operation
since January 2004.
The concept of establishing free zones in industrial estates
was initiated by the Customs Department, and is supported
by the BOI’s aim to have Thailand recognised as one of Asia’s
top five most attractive places to invest.
The free zone in Pathum Thani, located on
a 280-rai site, targets small- and medium-sized businesses
in the export sector that are attracted by the promise of
a customs tariff waiver on raw material imports. Targeted
industries include manufacturers of electronics products and
parts, automobiles and parts, precious stones, ornaments,
and processed farm products.
Expanding to Korat
Nava Nakorn’s success in Pathum Thani has promoted the company
to expand its horizons –
to Nakhon Ratchasima, Korat. Called Nava Nakorn Industrial
Promotion Zone (Nakhon Ratchasima), this industrial estate
covers
1,610 rai. Nava Nakorn 2 is well-equipped and enjoys easy
access from the city via the Bangkok-Nakhon Ratchasima motorway.
The estate is ideally located to link with such targetted
industries as electronics, jewellery, plastics, frozen food,
petrochemicals, fashion, chemicals, processed farm products
and ceramics.
