Ticon Industrial Connection (TICON), the SET-listed developer of ready-built factories and warehouses, expects to expand its warehouse space by 30% this year with a budget of 12 billion baht for land purchases.
As foreign investments continued to flow into the country over the first six months, Ticon had 41 new customers for both factories and warehouses. Over 90% are international companies, with 50% coming from Japan. Most customers are in the automotive, electronics and modern trade sectors.
As of July, combined new leased space at Ticon's factories and warehouses amounted to 254,981 square metres, said managing director Virapan Pulges.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.