BANGKOK (Reuters): Thailand's government has announced French tyre maker Michelin planned to invest 300 million euros (US$328 million - RM1.55b billion) in the South-East Asian country over the next three years to increase production capacity.
Michelin has already invested more than one billion euros in Thailand with five plants and 8,000 workers, the government said in a statement issued during Prime Minister Srettha Thavisin's visit to France, where he met with company executives.
The government also said Europe's biggest hotel group Accor was looking to expand its business in Thailand.
($1 = 0.9148 euros) (Reporting by Panarat Thepgumpanat; Writing by Orathai Sriring; Editing by Mark Potter) - Reuters
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
