BOI joins hands with partners to organize SUBCON Thailand 2024, bringing 7 EV companies to participate, expected to have a connected value of over 20 billion – Mitistock

Mitistock – Mr. Narit Terdsatheerasak Secretary-General of the Board of Investment revealed that the Office of the Board of Investment or BOI together with the Thai Subcontracting Promotion Association (Thai Subcon).
and Informa Markets Thailand Company are preparing to organize the event. SUBCON Thailand 2024 Continuing for the 18th year under the concept “The Global Sourcing Excellence” Promoting the potential of being the largest center for purchasing and subcontracting the production of industrial parts in the ASEAN region. It brings together manufacturers and buyers of industrial parts both domestically and abroad in one event. It is considered an important meeting point for purchasing parts in various industries such as automobiles and electric vehicles. electronics electrical appliance machinery Automation and Robotics medical equipment aircraft maintenance and defense industry

“BOI sees the potential of local parts manufacturers. Especially Thai SMEs entrepreneurs and are ready to act as an intermediary in pushing for business connections between foreign entrepreneurs and domestic parts manufacturers. Create opportunities for Thai parts manufacturers to enter the global supply chain. SUBCON Thailand is considered the largest and most comprehensive gathering of industrial parts manufacturers in ASEAN. And there will be thousands of business negotiations. Leads to purchasing raw materials and parts within the country. Hiring production technology transfer Including joint ventures between Thais and foreigners. This will help promote the growth of the parts industry. have the capacity
in competition and strengthen the Thai supply chain as well,” Mr. Narit said.

For the highlights of this year’s event: Business matching activities between Thai parts entrepreneurs and major companies from both inside and outside the country. With a target of 9,000 pairs, it is expected that it will create more connected value.
20 billion baht with special activities “BOI Symposium: EV Supply Chain” which will have leading electric vehicle companies Come join in expressing your vision for the development of electric vehicles. Including purchasing plans and supporting the use of domestic parts. In addition, the event will showcase supporting industries of Thailand and the ASEAN region. Exhibition of parts from domestic and international buyers who wish to procure from subcontractors (Buyers’ Village), display of innovation and new technology (Innovation Showcase), as well as seminars to enhance knowledge and Business opportunities for industrial entrepreneurs

“BOI Symposium: EV Supply Chain is an important activity where BOI will bring 7 major EV car manufacturers investing in Thailand, namely BYD, MG, Great Wall Motor, Neta, Changan, GAC Aion and Chery, to present the direction of the EV industry. Including plans to procure parts within the country. To help create business opportunities for domestic parts manufacturers, especially Thai SMEs, to enter the supply chain of the EV industry group, along with elevating Thailand to become a leading electric vehicle production center in the world,” Mr. Narit said.

Mr. Kiattisak Chirakachornwong, President of the Thai Subcontracting Promotion Association, said that the association
Thai Subcon has been an important cog in the development of the country’s parts manufacturing industry for over 20 years. The association has over 500 member companies. We realize that this industry never stops. Entrepreneurs must develop themselves all the time. Both production technology Marketing direction Must follow and adapt to keep up with new industries that are constantly emerging. Therefore, in addition to parts in the automotive industry that are the main customers of members, We must support members to become manufacturers in all five New S-Curve industries, including the medical device industry, aviation, and national defense. Currently, there is also the electric vehicle industry, which is new and challenging for the association. The duty of the association is to make EV a good opportunity for members. With the support of the BOI

“This year’s SUBCON Thailand 2024 is therefore an important stage in providing opportunities for Thai entrepreneurs to negotiate business with more than 7 brands of electric vehicle manufacturers that have invested in Thailand. Local Supplier in Thailand is therefore an important opportunity for Thai manufacturers to show themselves. Show your production potential to these buyers. and develop ourselves to be a manufacturer in the electric vehicle industry. Moreover, Thai entrepreneurs in this event You will also meet and negotiate business with buyers in various industries from around the world, so it can be said with certainty that by participating in SUBCON Thailand, you will definitely get excellent business results,” Mr. Kiattisak said.

While Mr. Sanchai Numbunnam, General Manager, Informa Markets Thailand, said
For information We continuously work with all sectors. which organized the SUBCON Thailand event
It is another important regional stage. To connect opportunities for Thai entrepreneurs, both manufacturers Industrial parts distributor As well as those involved in the parts purchasing industry from around the world had the opportunity to meet and make business matches. Especially the target industry groups that the government is accelerating. as well as electric vehicles We believe that with almost 2 decades of experience from organizing such events and being the only event co-organized by BOI. It will create value and economic opportunities for every supply chain in the Thai industrial sector in the future.

“SUBCON Thailand 2024 will be held in conjunction with INTERMACH 2024 on an exhibition area of ​​over 25,000 square meters, bringing together 2,200 leading brands from over 45 countries to exhibit at the event. Along with important seminar topics such as the BOI Symposium featuring 7 leading electric vehicle brands in the world. Join in sharing technology and trends in the use of electric vehicle parts, BCG Model, Carbon Neutral EP.4, INTERMACH Forum: IAR series, or Green Skills seminars and more than 50 other topics held in collaboration with partners. network with a special exhibition zone within the event To jointly update trends to keep up with the direction of investment promotion policies. including entrepreneurial opportunities for the industry in the future This year it is expected that there will be more than 47,000 attendees throughout the past 18 years of working together. Today, SUBCON Thailand is considered one of the platforms that gathers leading buyers covering all businesses in the manufacturing industry. At the same time, it is also a platform to continue and expand the business network to partners who produce new quality parts. in the industrial sector,” Mr. Sanchai said.

We invite you to join us at the best stage for industrial parts procurement and international business matching. With a special seminar Supply chain development plan Policy for purchasing parts of leading companies in Thailand and a special technology exhibition zone To strengthen the Thai industry at SUBCON Thailand 2024 (SUBCON THAILAND 2024), which is organized in conjunction with INTERMACH 2024 (INTERMACH 2024), a machinery technology exhibition. and the subcontracting industry for procurement of leading industrial parts in ASEAN. Between 15-18 May 2024 at the Exhibition and Convention Center, BITEC Bangna, Bangkok.

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