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Isuzu to suspend vehicle production in Thailand

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Isuzu to suspend vehicle production in Thailand

By THE NATION

 

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Isuzu Motors (Thailand) Co Ltd is suspending manufacturing operations at its plant in Thailand as the current Covid-19 situation had affected the component supply chain across the globe and shrunk domestic and the export markets.

 

Tri Petch Isuzu Sales Co Ltd, official distributor of Isuzu vehicles in Thailand, said that it had been informed by Isuzu about suspension of production at its two plants -- in Amphur Prapradaeng, Samut Prakan province, and in Gateway Industrial Estate in Chachoengsao province -- from April 13-30.

 

The statement by Tri Petch Sales on Wednesday hinted at the production suspension impacting deliveries to customers who had booked vehicles. Tri Petch Isuzu Sales, the sole distributor of Isuzu vehicles, assured customers it would do its best to handle the matter.

 

Full story: http://www.nationthailand.com/auto/30385182?utm_source=category&utm_medium=internal_referral

 

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-- © Copyright The Nation Thailand 2020-04-01
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1 hour ago, webfact said:

Isuzu Motors (Thailand) Co Ltd is suspending manufacturing operations at its plant in Thailand as the current Covid-19 situation had affected the component supply chain across the globe 

Happening around the globe .. and not just auto manufacturers .. All companies making stuff requiring components to be shipped in are facing the same .. And since the slow down a large number of shipping containers used in the transportation loop are in the wrong place so when manufacturing does restart it will still take weeks for the supply chain to return to some normality .. 

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Surprised they are waiting till the 13th. Ford, Toyota and Mitsubishi have already closed down.

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I'm sure with the global economics things will be changing for the long term in the next couple of years.

Analysts will be looking at what to pull the plug on permanently and where possibly to relocate it.

Thailands high baht could be a deciding factor that the love affair with manufacturing is over.

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Isuzu being the latest large Manufacturer in Thailand to shut down due to Covid19, is only part of the real issue.

Many of these Companies have been forced into shutdown due to the Corona Virus Outbreak, and there will be many more to come in the near future. But the reality is that many have been struggling now for some time with falling Global sales and a strong Thai Baht, among other things such as a lack of Skilled Personnel Etc.

With the enforced shutdown, many Companies will be looking at their 5 and 10 Year Plans for growth, and some will decide that the Mothballed Plants in Thailand are a better Tax Offset asset , than reopening them.

Others will strip out the Plants, and relocate their Operations to more favourable locations in SE Asia, or, as some are thinking, to relocate to their Home Nations, where they have greater control over the supply chains.

The only certain thing from all of this, is that the face of Manufacturing in Thailand is going top change greatly over the next few years

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3 hours ago, Yadon Toploy said:

A major manufacturer (possibly one mentioned in this thread) had rumours of a case or cases of COVID-19 weeks ago in Laem Chabang but only shut down recently when the case was confirmed. I don't believe the thousands of other workers were tested either... 

 

The problem is, many of these factories will not reopen. The economic damage caused globally will keep demand low and in particular the strength of the Thai Baht will ensure that it won't be feasible. 

 

Tough times ahead for export and tourism reliant economies, that's for sure. 

Mitsubishi.

 

Covid case found 2 weeks ago, they closed yesterday.

 

 

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