Swedish appliance maker Electrolux AB said on Wednesday that it plans to invest about 500 million baht (U.S. $11.6 million) in setting up its first manufacturing plant in Thailand.
The Thai plant, which is expected to be finished next year, will produce 200, 000 washing machines a year, to supply both domestic and international markets, Electrolux said in a statement.
The investment will enhance the company's ability to meet Asian consumer needs, it said. (Dow Jones)
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