Thailand, Russia forge closer ties
Thai companies are increasingly on the lookout for investment opportunities in Russia, while Moscow is seeking to intensify trade to the Southeast Asian nation, Vladimir Romanov, acting trade representative of the Russian Federation in Thailand, was quoted as saying by Thai newspaper The Nation.
Big Thai companies such as Siam Cement Group, Charoen Pokphand Foods and Boonrawd Brewery are also interested in establishing plants there.
Boonrawd, brewer of Thailand’s well-known Singha beer, has reportedly been exploring business opportunities in Russia since last year, seeking locations suitable for setting up plants in the future.
According to Romanov, Charoen Pokphand Foods is the largest Thai investor in Russia, putting in more than $200 million since 2009 in the development of livestock, particularly swine. The company has set up Charoen Pokphand Foods (Overseas) to operate a feed mill and six swine-raising farms in Moscow and the Kaluga region southwest of the capital. Other leading Thai conglomerates such as Siam Cement Group, Siam Steel and Loxley are also expanding into Moscow.
Thailand was Russia’s biggest trading partner among ASEAN countries last year, followed by Vietnam. The value of trade between Thailand and Russia jumped by 42 per cent to $5.7 billion in 2011. Export to Russia surged by 49 per cent while Russia’s export to Thailand rose above 40 per cent.
For the first nine months of this year, turnover exceeded $4.22 billion. Of this, Russia exports to Thailand totaled nearly $3.34 billion and imports $876 million.
Basic products exported by Russia to Thailand are crude oil, rolled steel and scrap metal, fertilisers, gems, wood, pulp and paper. Russia imports from Thailand automotive parts, electronic products, rice, sugar, seafood, rubber and many other goods.
[caption id="attachment_5530" align="alignleft" width="262"] Siam Cement Group wants to reach out to the Russian market[/caption] Thai companies are increasingly on the lookout for investment opportunities in Russia, while Moscow is seeking to intensify trade to the Southeast Asian nation, Vladimir Romanov, acting trade representative of the Russian Federation in Thailand, was quoted as saying by Thai newspaper The Nation. Big Thai companies such as Siam Cement Group, Charoen Pokphand Foods and Boonrawd Brewery are also interested in establishing plants there. Boonrawd, brewer of Thailand's well-known Singha beer, has reportedly been exploring business opportunities in Russia since last year, seeking locations...
Thai companies are increasingly on the lookout for investment opportunities in Russia, while Moscow is seeking to intensify trade to the Southeast Asian nation, Vladimir Romanov, acting trade representative of the Russian Federation in Thailand, was quoted as saying by Thai newspaper The Nation.
Big Thai companies such as Siam Cement Group, Charoen Pokphand Foods and Boonrawd Brewery are also interested in establishing plants there.
Boonrawd, brewer of Thailand’s well-known Singha beer, has reportedly been exploring business opportunities in Russia since last year, seeking locations suitable for setting up plants in the future.
According to Romanov, Charoen Pokphand Foods is the largest Thai investor in Russia, putting in more than $200 million since 2009 in the development of livestock, particularly swine. The company has set up Charoen Pokphand Foods (Overseas) to operate a feed mill and six swine-raising farms in Moscow and the Kaluga region southwest of the capital. Other leading Thai conglomerates such as Siam Cement Group, Siam Steel and Loxley are also expanding into Moscow.
Thailand was Russia’s biggest trading partner among ASEAN countries last year, followed by Vietnam. The value of trade between Thailand and Russia jumped by 42 per cent to $5.7 billion in 2011. Export to Russia surged by 49 per cent while Russia’s export to Thailand rose above 40 per cent.
For the first nine months of this year, turnover exceeded $4.22 billion. Of this, Russia exports to Thailand totaled nearly $3.34 billion and imports $876 million.
Basic products exported by Russia to Thailand are crude oil, rolled steel and scrap metal, fertilisers, gems, wood, pulp and paper. Russia imports from Thailand automotive parts, electronic products, rice, sugar, seafood, rubber and many other goods.
