machinery firm, Thai--Chinese machinery firm to build Thai site

Sany Heavy Industry Co Ltd, a Chinese construction machinery manufacturer, will invest up to US$100 million to build a new production base in Thailand with annual turnover of about $100 million. The company said it was making the investment because of its "strong confidence" in the country, despite its political challenges. "We see a good opportunity to have a new production base in Thailand as it is the centre of Southeast Asia and its culture is similar to ours," said deputy general manager Zhongke Zhang.