Japan’s Fukui plans investing in garment and functional textile industry in Thailand

Japan’s Fukui prefectural government plans to invest in the garment and functional textiles industry to expand its business in Thailand for which they have entered into an agreement with Thailand’s Industry Ministry, said Arthit Wuthikaro, the ministry’s director-general for the development of industrial promotion.

The total value of investment from Fukui in Thailand amounts to 10 billion baht with 28 companies operating 11 factories.
The agreement is part of Japan’s policy to promote and support the overseas expansion of small and medium-sized enterprises (SMEs), especially in strategic industries.

Functional textiles refers to materials widely used in the auto and aviation industries for safety facilities, tyre reinforcement and air and thermal insulation.

SMEs from Fukui have seen the potential to use Thailand as a production base and Asean shipment hub. Their major targets include Myanmar, Laos, Vietnam, Indonesia and Cambodia.

Fukui is the eighth province to sign a memorandum of understanding (MoU) with the Thai government following Saitama, Yamanashi, Totori, Akita, Shimane, Kawasaki and Ichi.

Minamiso and Fukuoka prefectures are expected to sign MoUs with Thailand in January.

Apart from government support for Japanese SMEs, Fukui governor Nishikawa Issei has called for the exchange of business information in a bid to strengthen their channels in the local market.

Mr Issei added that Japanese investors liked to do business in Thailand not only because of the country’s position at the centre of Asean but because they have good impression of living in Thailand.

Recent Posts

University of Copenhagen develops nanofibre patch for psoriasis treatment

Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…

9 hours ago

Clothing 2.0, The Marena Group to revolutionize medical garments

Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…

9 hours ago

Polartec expands eco-friendly weather protection fabrics

Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…

9 hours ago

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

1 day ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

1 day ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

1 day ago