Midea Expands Manufacturing Footprint with Two New Plants in Rayong
Thailand: Midea, a Chinese air conditioner and electric appliance manufacturer, is expanding its manufacturing facilities in Thailand. The country is a key manufacturing base for Midea, and the company is building two new plants in Rayong, said Thanawat Wongchanwuth, deputy general manager at MD Consumer Appliance (Thailand) Co Ltd, the local subsidiary of Midea. With an investment of 2.26 billion baht ($65.8 million), a new plant that started construction in 2023 is expected to commence operations by the second quarter of this year. The plant occupies a 46-rai site within the CPGC Industrial Estate in Rayong. The factory will produce variable refrigerant flow (VRF) systems and chillers, with a production capacity of 600,000 units per year, he said. Roughly 90% of the production is planned for export, said Mr. Thanawat. The company operates five factories in Thailand, said Wiwatchai Sirithaworn, marketing manager at MD Consumer Appliance (Thailand). He said Midea is constructing another plant in Rayong to produce microwaves, refrigerators, and freezers. The plant is projected to be completed by 2026, though investment details have not been revealed. Mr. Thanawat said Midea aims to achieve sales of 3.8 billion baht ($11.07 million) this year, doubling last year's figure of 1.9 billion baht ($55.3 million). This growth will be driven by new distribution channels, he said. Midea products are available at major building material retailers such as Global House and Dohome.
Source: Bangkok Post