Italian manufacturer of braking systems Brembo has started work on its first production site in Rayong province, Thailand.
The new €40m ($43.31m) site will manufacture braking systems for European and US motorcycle producers, expanding Brembo’s presence in South East Asia. The plant has a total area of 17,000m² and is expected to create 150 new jobs.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Brembo CEO Daniele Schillaci said: “The opening of the new production site in Thailand is a crucial step in our global expansion strategy.
“We strengthen our position in the key two-wheeler segment and consolidate Brembo’s role as a solution provider for our customers operating in the country. With this investment, we lay the groundwork for further developments of our business in the ASEAN [Association of Southeast Asian Nations] region.”
FDI inflows in Thailand have made a quick recovery following Covid, but the country continues to struggle with more investment due to the rising interest rate, which now stands at 2.50%. As a result, foreign direct investment levels dropped from $14.64bn in 2021 to $10.03bn in 2022, according to UNCTAD.
Founded in 1961, Brembo is headquartered in Curno, Bergamo. The motorcycle business currently accounts for around 13% of the company’s total revenues.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
