Thai auto parts producer Somboon Advance Technology plc has earmarked 285 million baht ($7.0 million) to expand operations this year. Somboon President Verayut Kitaphanich says some TB164 million ($4.0 million) will be spent on a machine line to produce parts for local Toyota Motor Corp. operations and for export to Nissan Motor Co. Ltd. plants abroad. Beginning in the fourth quarter, production of axle shafts will rise to 160,000 units from 139,000 units at present. Subsidiary Somboon ...
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