Laos gets hydraulic machinery factory

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TMC IPOIn what is seen as a boost for Laos’ idling industrial sector, a joint-venture has been set up between Thailand-based TMC Industrial and Laotian SV Construction to establish a factory producing hydraulic machinery in Vientiane, Laos’ capital.

The joint venture will trigger a total investment of about $184,000, the companies said. TMC Industrial will hold 70 per cent of the joint venture, while SV Construction will own 30 per cent.

The source of funds for the investment is TMC working capital, said TMC chief executive officer Surachet Kamolmongkolsuk. The joint venture would focus on both state and private customers and is expected to start operation in July.

The factory will assemble and provide various services related to industrial hydraulic parts and will also provide other services such as gas and electronics lathing, construction materials and tools business.

TMC Industrial, listed at the Stock Exchange of Thailand, manufactures hydraulic press systems. The company’s products range from hydraulic lifts to a 2,000 tonne hydraulic press. TMC sell its products globally.

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Reading Time: 1 minute

In what is seen as a boost for Laos’ idling industrial sector, a joint-venture has been set up between Thailand-based TMC Industrial and Laotian SV Construction to establish a factory producing hydraulic machinery in Vientiane, Laos’ capital.

Reading Time: 1 minute

TMC IPOIn what is seen as a boost for Laos’ idling industrial sector, a joint-venture has been set up between Thailand-based TMC Industrial and Laotian SV Construction to establish a factory producing hydraulic machinery in Vientiane, Laos’ capital.

The joint venture will trigger a total investment of about $184,000, the companies said. TMC Industrial will hold 70 per cent of the joint venture, while SV Construction will own 30 per cent.

The source of funds for the investment is TMC working capital, said TMC chief executive officer Surachet Kamolmongkolsuk. The joint venture would focus on both state and private customers and is expected to start operation in July.

The factory will assemble and provide various services related to industrial hydraulic parts and will also provide other services such as gas and electronics lathing, construction materials and tools business.

TMC Industrial, listed at the Stock Exchange of Thailand, manufactures hydraulic press systems. The company’s products range from hydraulic lifts to a 2,000 tonne hydraulic press. TMC sell its products globally.

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