. Military Space News .




.
POLITICAL ECONOMY
Slow recovery for flood-hit Thai plants
by Staff Writers
Ayutthaya, Thailand (AFP) Dec 18, 2011


Piles of rubbish, rusting furniture and discarded machinery litter one of Thailand's top high-tech parks, a former symbol of economic prowess laid to waste by weeks of flooding.

Many of the companies located in the country's industrial heartland say it will be several months at least before their operations return to normal. Investor confidence in the kingdom is likely to take even longer to recover.

At least one major manufacturer, Sanyo Semiconductor, is pulling the plug on its operations in hard-hit Ayutthaya province north of Bangkok altogether, while others are considering moving to safer areas.

"We've realised, obviously with hindsight, that we're in the wrong place -- we're in a flood zone," said Richard Han, chief executive of semiconductor maker Hana Microelectronics whose plant was badly affected.

Even if large dykes were built around the industrial parks, production would have to be suspended if the area is flooded again because access to the site would become too difficult, he said.

"My customers understand that," Han added. "They are moving their business elsewhere."

The disaster caused billions of dollars of damage and dealt a severe blow to the global supply chain. There are also questions about whether insurers will continue to cover companies located in the flood-prone region.

Japanese high-tech giant Toshiba still has no idea when operations will resume at eight of its affected factories as new machines and parts are needed and electricity and telephone links have not yet been fully restored.

"We already destroyed more than 100,000 damaged goods in our warehouse," a spokeswoman said.

At the Rojana Industrial Park, the more than two-metre-deep water that overwhelmed flood defences in October and poured into a host of factories has receded, and a clean-up operation by a small army of workers is under way.

On a recent day at Japanese auto giant Honda's plant, employees in rubber boots and face masks were hosing down floors and walls stained brown by the water, while muddy vehicles were parked outside, an AFP reporter saw.

Further down the road at a factory run by electronics maker Pioneer, several windows were shattered, while at Panasonic workers were demolishing a perimeter wall damaged by the unstoppable mass of slow-moving water.

In total seven major industrial estates in central Thailand fell victim to the kingdom's worst floods in half a century, which left hundreds dead.

While many Japanese companies -- a key pillar of the economy -- have said publicly they remain committed to Thailand, in private there is frustration with the government's handling of the crisis, particularly its confusing advice.

"I wish the government had done more," said the president of a local subsidiary of a Japanese textile producer, who had to rely on the media for information about the disaster.

His factory, located in the northern suburbs of Bangkok, close to where the government set up its emergency response centre, was submerged in one and a half metres of water, despite the firm's efforts to protect it with sandbags.

"In the beginning Don Mueang was a flood relief and evacuation centre so the government said it would be OK... but they completely failed," the Japanese businessman told AFP, speaking on condition of anonymity.

The factory's stock was destroyed and the machinery is now rusting and needs to be repaired or replaced. But he has no plan to abandon the kingdom.

"We will start operations again at the same place with all the employees," he said, but added: "I hope the government prevents flooding next year."

Thailand's Board of Investment is planning to invite chief executives to Bangkok next month for a forum at which it says long-term flood prevention measures will be announced.

As well as a plan to build permanent dykes around the industrial parks, one idea that has been raised as a possible long-term solution is the construction of a new waterway from the central plains to the sea.

For flood-stricken firms, action cannot come soon enough.

"All of us are very sick. We fought very hard. We're very tired ... If the government wants to do something, (they) must announce it quickly," said Yeap Swee Chuan, head of auto parts maker Aapico Hitech.

Related Links
The Economy




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
Hungary's central bank: a chink in Orban's armour
Budapest (AFP) Dec 18, 2011
Hungarian Prime Minister Viktor Orban is so secure domestically that he can ignore the current storm of foreign criticism, but moves to increase control over the central bank could be his Achilles heel. Since coming to power for the second time in mid-2010, this time with a crushing two-thirds majority in parliament, Orban has embarked on a path that critics say is taking the EU member in a ... read more


POLITICAL ECONOMY
Iran rejects missile shield threat against Turkey: FM

Air Force and Lockheed Martin Complete Environmental Testing of Missile Warning Satellite

Lockheed Martin Submits Aegis Combat System Engineering Agent Proposal To Navy

Boeing Submits Proposal for US Navy Aegis CSEA Contract

POLITICAL ECONOMY
S. Korea unveils interceptor missile

Missile on schedule for 2018 deployment

Raytheon Awarded Contract for NASAMS High-Mobility Launchers for Norway

5,000 surface-to-air missiles secured in Libya: US

POLITICAL ECONOMY
Republicans mock Obama on lost drone

Companies pair for UAV business

Aerostat system detects cruise missiles and supports engagement

We will reverse-engineer US drone: top Iranian MP

POLITICAL ECONOMY
Satellite Tracking Specialist, Track24, wins Canadian Government Contract

Airman brings space to ground forces

Astrium achieves Initial System Acceptance on Yahsat programme

Northrop Grumman Awarded Microscale Power Conversion Contract

POLITICAL ECONOMY
Northrop Grumman's Joint STARS Takes to the Sky With New Engines

France pitching Brazil to save Rafale jet

Raytheon SDB 2 Flight Test Keeps Program Ahead of Schedule

New Jammer Power System Passes Technology Readiness Tests

POLITICAL ECONOMY
Grim picture for European defense spending

Once called Blackwater, firm changes name again

Britain says France defence deal intact despite EU row

Austria balks at selling 2nd hand tanks to Canada: report

POLITICAL ECONOMY
US climate envoy upbeat on China relations

U.S. renews diplomatic links in S. America

Outside View: Who Dares Wins II!

Russia may boycott NATO summit: ministry

POLITICAL ECONOMY
Rheinmetall demonstrates laser weapons

LockMart Directed Energy Leader Receives Purdue's Outstanding Aerospace Engineer Award


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement