BANGKOK -- Thai logistics and property group WHA will spend 33 billion baht ($978 million) to build new industrial parks in Southeast Asia by 2028, co-founder and Group CEO Jareeporn Jarukornsakul told Nikkei, with U.S. President-elect Donald Trump's threats of higher tariffs expected to accelerate the shift in supply chains out of China.
WHA operates 13 industrial parks with a combined area of 12,500 hectares along Thailand's Eastern Economic Corridor and in Vietnam's Nghe An province. It plans to build another four apiece in Thailand and Vietnam and will consider expanding into Indonesia and Cambodia.
