Ticon follows factory shift to Cambodia
Ticon Industrial Connection Plc, a Thai-based factory and warehouse developer, is expanding its operations into fast-growing Southeast Asian economies, including Cambodia, to help offset sluggish growth at home. Lalitphant Phiriyaphant, the company’s chief financial officer, said Ticon has already invested $20 million into expansion in Indonesia, and will consider further investment there, as well as establishing a foothold in Vietnam. The company is also planning to launch operations in Cambodia next year, he said. “In Cambodia, we were approached initially by a customer to custom-build a warehouse and lease it only to that customer,” he said. Ticon specialises in developing and managing industrial real estate properties. The company and its subsidiaries currently have 51 factories and warehouses with nearly 800 units, covering a total 2.4 million square metres of space under management.
