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Business

Thai air conditioning market hot for investment

Japan's Iwatani starts work on a second parts factory near Bangkok

It is common for Thais to beat the heat by relaxing outside their homes, like this man was doing in Nonthaburi Province, on the outskirts of Bangkok, on June 27, 2017. But the air conditioning industry expects this to change.   © Reuters

TOKYO -- A major Japanese industrial gas supplier is poised to further expand its footprint in Thailand with a second air conditioner parts plant.

Iwatani will invest around 500 million yen ($4.57 million) to build the factory adjacent to an existing facility near Bangkok. Plans are for the new plant to begin operating in early 2019.

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