Advertisement
Singapore markets open in 6 hours 5 minutes

  • Straits Times Index

    3,292.69
    +10.64 (+0.32%)
     

  • S&P 500

    5,085.03
    +49.34 (+0.98%)
     

  • Dow

    38,286.69
    +470.77 (+1.24%)
     

  • Nasdaq

    15,873.88
    +216.06 (+1.38%)
     

  • Bitcoin USD

    59,279.94
    -876.11 (-1.46%)
     

  • CMC Crypto 200

    1,216.79
    -122.27 (-9.14%)
     

  • FTSE 100

    8,121.24
    -22.89 (-0.28%)
     

  • Gold

    2,334.80
    +31.90 (+1.39%)
     

  • Crude Oil

    79.16
    -2.77 (-3.38%)
     

  • 10-Yr Bond

    4.6080
    -0.0780 (-1.66%)
     

  • Nikkei

    38,274.05
    -131.61 (-0.34%)
     

  • Hang Seng

    17,763.03
    +16.12 (+0.09%)
     

  • FTSE Bursa Malaysia

    1,575.97
    -6.69 (-0.42%)
     

  • Jakarta Composite Index

    7,234.20
    +78.41 (+1.10%)
     

  • PSE Index

    6,700.49
    -69.15 (-1.02%)
     

Italy's Brembo to expand production capacity with new plant in Thailand

Reuters
·1-min read
FILE PHOTO: Interview with Brembo Executive Vice-Chairman Matteo Tiraboschi at Brembo headquarters

ROME (Reuters) - Italy's Brembo will expand its production capacity in South-East Asia setting up a new plant in Thailand, the brake maker said on Thursday.

The site, for which the firm has earmarked an investment of about 40 million euros ($43.41 million), will produce brake systems for local two-wheeler makers in the industrial district of the Rayong province, Brembo said in a statement.

It will be operational by the first quarter of 2025 and will employ about 150 people, the group added.

The investment will come on top of the 500 million euros, over three to four years, which the group announced in May in its business plan and aimed at increasing capacity in Mexico, China and Poland.

ADVERTISEMENT

It adds to those made in past years in the two-wheeler market, which Brembo said is worth around 13% of its total revenues.

($1 = 0.9214 euros)

(Reporting by Alessandro Parodi, editing by Giulia Segreti)