Hana plugs into Cambodian market
Wage issues could prompt Thai exodus
- Published: 8 Mar 2013 at 00.00
- Newspaper section: Business
Hana Microelectronics Plc is investing 1.5 billion baht to build a new factory in Lamphun and another in Koh Kong, the latter marking a plunge into the Cambodian market.
Chief executive Richard Han also hinted yesterday that the SET-listed electronic-parts maker could relocate some production from Thailand to Cambodia if it cannot cope with rising wages here over the next 3-5 years.
Wages in Cambodia are one-third those in Thailand but will certainly rise as well, he said.
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