LABOUR
Pan Asia restructures as orders shift to Vietnam
Half the company's factories will be closed
- Published: 30 Jun 2012 at 00.00
- Newspaper section: Business
Pan Asia Group, the Saha Group footwear manufacturer, is scaling back its shoe business to rationalise its operations and reduce production costs after losing shoe orders to Vietnam.
Shoppers browse the selection at Pan Asia’s booth at the 16th Saha Group Fair 2012 yesterday. The four-day event, which ends tomorrow, is being held at the Queen Sirikit National Convention Center. Pan Asia is scaling back its business after losing orders to Vietnam. PATIPAT JANTHONG
The loss-ridden group is now working to reorganise its business and shut down half its shoe and parts factories, said Boonchai Chokwatana, the president and chief executive of Saha Pathanapibul Plc, the distributor of consumer products assigned to rescue Pan Asia Group last year.
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