On March 9th, Sennics Thailand Co. Ltd. ('Sennics Thailand') has formally commenced its construction in the Rojana Industrial Park in Chunburi Province, Thailand. As the company's sixth production base and first overseas base, Sennics Thailand will provide global customers with outstanding goods and services and an inventive brand experience. The subsidiary marks an integral step in Sennics' globalisation strategy.
Established in September 2019 in Chonburi Province, Sennics Thailand, a wholly-owned subsidiary of Sennics, occupies approximately 40.46 rai (64,000 square metres) and holds a total investment of around 290 million yuan. Guided by the digitalisation strategy and experiences of digitally-transformed domestic factories, Sennics aims to develop its Thai plant into an innovative smart factory. Sennics Thailand is projected to commence operation within 2020, after which it will exhibit a capacity of 25,000 tons of 6PPD annually. In addition to fulfilling the lack of localised 6PPD supplies in Southeast Asia, Sennics Thailand can also extend its market to the entire Southeast-Asian region and possibly the world, given its geographic and business advantages. The subsidiary enhances the stability of Sennic's globalised supply and reinforces the company's leading position in the global industry, whilst supporting employment and socio-economic development in Thailand.
Su Fu, CEO of Sennics, congratulated the Thailand project via video. As he noted, under a turbulent global economy, Sennics Thailand not only responds to the 'Go Out Policy'and 'B&R Initiative', but also reinforces Sennics' globalised productivity, as per its globalisation strategy. Upholding its motto of 'In Science We Trust', Sennics continues to lead innovative, sustainable development in the global polymer additives industry.
Due to the coronavirus outbreak, the ground-breaking ceremony of Sennics Thailand has been fully simplified, in compliance with relevant Chinese and Thai policies.