DCVT commits to new assembly plant for domestic commercial vehicles production in Thailand
Mitsubishi Fuso Truck and Bus Corporation (MFTBC), under Daimler Trucks, today announced the construction of a new CKD assembly plant in Thailand during a press conference on the sidelines of the DTA ISCS Conference (Daimler Trucks Asia International Sales and Customer Services Conference) held in Bangkok.
It was further announced that DCVT will take over the Mercedes-Benz Truck and Bus business to have a consolidated organization dedicated to commercial vehicles.
During the media roundtable, Michael Kamper, Senior Vice President and Head of Sales & Marketing, MFTBC stated: “With its conducive business environment and strategic location in Southeast Asia, Thailand constitutes a key market for our global growth strategy. DCVT’s strong performance gives us great confidence to further expand our business here with the construction of a new CKD assembly plant dedicated to the Thai market.”
Sascha Ricanek, CEO of DCVT said: “Thailand’s consistent growth makes it a crucial market for our long-term success. Today we are proud to announce two important milestones which underline our commitment to our customers in Thailand: First, we are investing in the construction of a new assembly plant for the Thai market. And second, it was a natural step for us to consolidate our commercial vehicles business including the FUSO and Mercedes-Benz brands under DCVT in line with Daimler’s global ‘Customer Dedication Strategy to offer our local customers unsurpassed products and services.”
Production in Thailand for Thailand
MFTBC will invest 12 Million Euro (450 million Thai Baht) into the new plant, which will be located in the Eastern Economic Corridor (EEC), a key region for Thailand’s economic growth.
The state-of-the-art plant will conform to Daimler’s highest standards to ensure excellence for Thai customers. In a first stage, the plant will assemble FUSO’s heavy-duty FJ 2528C trucks, launched in Thailand earlier this year and designed for the rapidly growing construction segment. Construction of the plant is scheduled to commence in October 2018 with the inauguration of the facilities targeted for the second quarter of 2019.