VEHICLES
Stallions to develop minibike factory in Laos
- Published: 24 Jul 2012 at 00.00
- Newspaper section: Business
Stallions, the Thai minibike brand, will open a factory in Laos next year to serve as a production base for exports to other Asean countries.
Jaroen Laplonluelay, the chairman of Power Stallions Co, said his company is now studying the legal issues of setting up a factory in Laos but plans annual production capacity of 10,000 units.
Next year it plans to export to Myanmar, Cambodia and Vietnam, with shipments representing 30% of sales.
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