Ticon Industrial Connection, a rental-factory provider, plans to spend Bt3.867 billion to build the country's first-ever logistics industrial park on 450 rai in Chachoengsao province.
The logistics park will be operated by its Ticon Logistics Park subsidiary.
The park is suitable for running logistics services, thanks to its good location, which is 22 kilometres from Suvarnabhumi Airport and 50km from Bangkok and Laem Chabang deep-sea port, said Hirunya Suchinai, deputy secretary-general of the Board of Investment, which last week granted tax privileges to the project.
"Ticon is the first company to apply for promotion privileges for a logistics industrial-park development. This investment will boost competitiveness to international standards and reduce transportation costs for local logistics operators and exporters. As a result, it will help consumers buy cheaper products," she said.
The project will support both domestic and international firms that need rental factories, duty-free warehouses, container transfer stations and other logistics services.
Source: The Nation
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