PRECISION has completed the expansion of its production facility in Thailand. It is part of the company’s long-term strategic plan created in 2018 and supported by PRECISION’s shareholder, ONCAP, the company said. Terms of the investment were not disclosed.
The project was designed to optimize workshop layouts, increase valve and injection molding production capacities and provide additional warehouse space. In total, the expansion adds 2,350 square meters and more than 30% additional floor space to the facility.
“We are excited to announce that construction on the extension of our Thailand facility is now complete,” said Thierry Bouan, PRECISION’s ASPAC GM, adding that it will provide state-of-the-art production and service to customers in the Asia-Pacific region. “PRECISION intends to play an even bigger role in that fast-growing and strategic region. The new PRECISION Thailand plant will be the keystone of our new regional platform that-in Asia-Pacific-includes plants in China, Australia, Japan, and Thailand.”