Goal of 45 days for reopening factories & saving jobs of 400,000 workers in 1,300 factories once flood waters go down.
FLOODING: Reopening 45 days after water recedes, Full support pledged to park operators by Nareerat Wiriyapong & Nuntawun Polkuamdee
Most of the factories in seven inundated industrial estates should be able to reopen within 45 days after floodwaters recede as the government has vowed to provide full financial support for their rehabilitation.
For estates incapable of raising funds for immediate investment in infrastructure rehabilitation, the government would act as a middleman to seek new investors to take over the projects.
Saha Rattananakorn in Ayutthaya is facing the highest likelihood of being acquired by a new investor.
The plans emerged at a meeting chaired yesterday by Deputy Prime Minister Kittiratt Na-Ranong, where the executives of the seven affected estates discussed the short-term rescue plan for their operations.
According to Prasit Hitananant, managing director of Saha Rattananakorn, the estate entered the rehabilitation process in 2009, with Bangkok Bank as its major creditor.
Prior to the flooding, Mr Prasit was confident the company would survive, but now he is prepared to turn over control of the business.
He said that like most small industrial estate operators, his company might not be able to mobilise enough cash to rebuild infrastructure soon enough and Mr Kittiratt pledged to find investors to buy the company.
Saha Rattananakorn covers 2,050 rai, 800 rai of which are used by factories while the rest is a land bank. The Sahapat Group has six factories at the site.
Thavich Taychanavakul, managing director of Hi-Tech Industrial Estate, said it would resume operations by mid-December if the floodwaters recede early next month.
A total of 1,300 factories and 400,000 workers have been affected by floods.
At Hi-Tech in Ayutthaya, all 130 factories have been inundated by floodwaters 3.40 metres high.
"It will take up to 10 weeks to drain away 12 million cubic metres of water in our facility," said Mr Thavich.
The floodwaters should begin to recede by mid-November, said Nipit Arunvongse na Ayudhya, managing director of SET-listed Nava Nakorn Plc, the operator of Nava Nakorn Industrial Park.
"After that, we will need 90 days to clean up," he said, adding that 70% of the 220 factories in Nava Nakorn in Pathum Thani had been inundated.
However, it will take about one year for Nava Nakorn to fully rebuild its infrastructure. By next week, it will assess the losses caused by the floods.
"After discussions with Japanese investors at the industrial estate, some are keen to relocate their production outside Thailand," Mr Nipit said
He also called on the government to think about an early-warning system that would give operators two to three months' advance notice of flood risk based on weather patterns and water movement north of the area.
"We received the warning 12 days before the water arrived and we didn't have time to prepare anything," Mr Nipit said.
Kobkarn Wattanavrangkul, chairwoman of Toshiba Thailand, said representatives from the 10 affected Toshiba factories in Thailand met late yesterday to discuss strategies.
We might have to import some products from other Toshiba units in Indonesia, China and Vietnam or hire other unaffected producers in Thailand to make some home appliances," said Ms Kobkarn, who is also the chairwoman of Bangkadi Industrial Park in Pathum Thani.
Nonetheless, Toshiba's headquarters in Japan has sent us a clear message about confidence in Thailand. We will not move to somewhere else," she said.
If we can reopen within 45 days as targeted, we will be able to retain all existing factory staff.
Anchalee Chavanich, the Industrial Estate Association's president and a former governor of the Industrial Estate Authority of Thailand, said the focus was now on draining water to allow for reopening as soon as possible.
Within two months, details of measures and projects for future flood prevention will be finalised.
"We are asking non-affected industrial estates to help absorb some of the workers at inundated areas who will potentially lose jobs," Ms Anchalee said.
Yeap Swee Chuan, chief executive of the SET-listed auto-parts maker Aapico Hitech Plc (AH), said the company had relocated production from Hi-Tech to a plant in Rayong.
"As an investor, I'm very happy with the counter-measures and action plan agreed at the meeting," he said.
(Source: Bangkok Post, FLOODING, Reopening 45 days after water recedes, Full support pledged to park operators, 25/10/2011, Nareerat Wiriyapong & Nuntawun Polkuamdee, link)
Flood Recovery Vocabulary
rehabilitation - improve condition so that it can operate again; to make acceptable and suitable for use again 1. making a system, building, etc., suitable for use again, i.e., bringing it back to a good condition การฟื้นฟูสภาพกิจการ 2. to return someone or something to a good or healthy condition, state or way of living ฟื้นฟูสุขภาพ 3. the process of returning someone or something to a good or healthy condition, state or way of living การทำให้กลับสู่สภาพเดิม, การทำให้กลับมาดีเหมือนเดิม
the government has vowed to provide full financial support for their rehabilitation.
raising funds for immediate investment in infrastructure rehabilitation
pledged - seriously promised to do something สาบาน
vowed - same as "pledged"
operators - businesses doing this business
investment - taking your money and putting it into projects to make a profit or earn interest (buying stock shares, bonds, real estate)
inundated - flooded ถูกน้ำท่วม, จมลงใต้น้ำ
industrial estates - special areas for factories that have special infrastructure such as electricity, transportation, water, etc
infrastructure - the high-cost facilities that everyone in the economy shares (water, roads, electricity, trains) สาธารณูปโภค
inundated industrial estates
recede - to move back; to move further away into the distance ถอยหลัง
floodwaters recede - floodwaters go down again
financial support - help, by giving money, for example สนับสนุน
funds - money to be used for a special purpose เงินทุน
act as a middleman - to help two people reach some agreement or business deal
likelihood - the chance that something will happen ความเป็นไปได้
facing the highest likelihood - very likely that this will happen
acquired - bought
investor - a person or organisation that puts money into a company in exchange for a future profit นักลงทุน
acquired by a new investor - bought by a new investor
emerged - come into being; appeared ปรากฏออกมา
meeting - when a group of people come together to discuss issues and make decisions การประชุม
meeting chaired by Y - meeting led by Y, meeting supervised by Y
the plans emerged at a meeting chaired yesterday by Deputy Prime Minister Kittiratt Na-Ranong
rescue - to save someone form a dangerous or unpleasant situation ช่วยชีวิต
short-term rescue plan - actions taken to save people right now (and in the near future)
rehabilitation process - bankruptcy; the business was failing so the courts helped to work out a deal with the companies creditors (companies that it owed money)
process - a series of actions that you take in order to achieve a result แนวทางปฏิบัติ, กระบวน, วิธีการ
creditor - someone who money is owed to เจ้าหนี้
the estate entered the rehabilitation process in 2009, with Bangkok Bank as its major creditor
confident - being certain of your abilities or of having trust in people, plans, or the future มั่นใจ
survive - to continue to exist รอดพ้น อยู่รอด สืบต่อไปได้
confident the company would survive - feeling certain that the company will continue to exist in the future
turn over X to Y - give X to Y
turn over control of the business - give the business to investor Y to own and operate
mobilise - gathering together the resources (people, things) needed to do a job เกณฑ์, รวบรวม, ระดมกำลัง เตรียมกำลังพร้อมรบ
mobilise cash - gather together money to use for some purpose
cash - money เงินสด
his company might not be able to mobilise enough cash to rebuild infrastructure soon enough
land bank - land being kept to build something on in the future
site - a place where something is located or where something happens สถานที่เกิดเหตุ สถานที่ ที่เกิดเหต
the Sahapat Group has six factories at the site
resume - start again after stopping; to start something again after stopping temporarily กลับมาอีกครั้ง(ธุรกิจ) ที่ฟื้นตัวอีกครั้ง ดำเนินต่อไปใหม่
resume operations - start the business again (start business operations again)
facility - a building used for a particular purpose
It will take up to 10 weeks to drain away 12 million cubic metres of water in our facility
assess - to carefully consider a situation, person, or problem in order to make a judgment ประเมิณสถานการณ์
assess the losses caused by the floods
keen - very interested, eager or wanting (to do) something very much สนใจ, ใจจดใจจ่อ สนใจอย่างยิ่ง
relocate - move to another location ย้ายไปตั้งอีกที่หนึ่ง
keen to relocate their production outside Thailand
early-warning system - a system that about floods that will happen in the near future (by using weather and water flow information)
notice - information or warning หมายเตือ
advance notice - tell people about some event before it happens (give people enough warning to prepare)
risk - danger, how likely or possible it is for a bad event that causes harm and damage ความเสี่ยง
flood risk -
two to three months' advance notice of flood risk based on weather patterns and water movement
strategies - long-term plans to achieve goals; long-term plans for how to succeed in the future กลยุทธ นโยบาย
import - to buy or bring in products from another country นำเข้า
import some products from other Toshiba units in Indonesia, China and Vietnam
home appliances - machines that people use around the home (refrigerator, air conditioner, fan, oven, washing machine, etc)
headquarters - the place where an organisation or company has its main offices; from where its is controlled สำนักงานใหญ่ กองบัญชาการ
Toshiba's headquarters in Japan
clear - easy to understand
clear message - a message that is easy to understand
confidence - trusting and believing in something; feeling sure about something ความมั่นใจ ความเชื่อมั่น
confidence in Thailand - believe in Thailand (that Thailand will recover and continue to prosper)
targeted - chosen as a goal ตกเป็นเป้า ตั้งเป้า เล็ง มุ่ง
retain - keep staff, keep employees (when employees do not leave a company to go work for another company)
staff - employees of a company, people who work for a company พนักงาน
retain all existing factory staff - keep all their workers, so all their workers still have jobs (even though their is not factory to work in)
focus - the main thing it is concerned with ให้ความสำคัญ
the focus was now on draining water - they are working hard to drain water right now (this is the activity they are spending all their time doing)
measures - actions taken to deal with a problem มาตราการ
finalise a decision - make a final decision to take some action
details of measures and projects for future flood prevention will be finalised.
absorb - to take in a liquid, gas or other substance form the surface or space around ซึมซับ ดูดกลืน
sponge absorbs water - water goes into the sponge
companies absorb workers - companies hire the workers to do work and receive a wage (perhaps temporarily, but at least they have a job during the floods)
absorb some of the workers at inundated areas
potentially - may happen, possible in the future ที่อาจเกิดขึ้นได้ เป็นไปได้
potentially lose jobs - workers may lose their jobs
asking non-affected industrial estates to help absorb some of the workers at inundated areas who will potentially lose jobs
SET-listed auto-parts maker - a company that makes auto parts that has stock bought and sold on Stock Exchange of Thailand (SET), this public ownership also requires that the company make information about the operation of the business available to the public
relocated - moved to a new place
relocated production - moving a factory to a new place and start production again
relocated production from Hi-Tech to a plant in Rayong.
counter - to take action to oppose or stop something ต่อต้าน ตอบโต้
counter-measures - actions taken to stop something from happening
action plan - a plan of immediate actions to take to solve a problem