Sojitz is also in talks with Saha on a memorandum of understanding that would allow the parties to jointly develop industrial parks and other enterprises by strengthening the partnership between the two companies.
Thailand's long-term socio-economic vision for Thailand, Thailand 4.0, aims to achieve greater industrial complexity and greater value for products and services in the country.
In the annual study of the Bank for International Cooperation (JBIC) on FDI in Japan, Thailand's manufacturing sector in fiscal year 2011 ranked third among China and India among the most promising countries in the medium term (the next three years).
The study predicted that more Japanese manufacturers would be looking into Thailand to create or expand their production facilities.
Since 1974, Saha has developed four industrial parks in the country, headed by the first in Sri Racha, and three more – in Cabins Buri, Lampun and Mee Sot. This means that Sojitz can offer potential investors a site for their activities.
In addition, Sojitz's network of support, both in Japan and Thailand, will provide backup of detailed information for companies considering the issue of invasion of Thailand.
Sojitz uses its experience gained from work in industrial parks in Indonesia, Indonesia, India and the Philippines in its offerings to Japanese companies seeking to establish production bases in the Saha industrial parks in Thailand and other countries in the region.