Hemaraj Seals Major Land Deal with SAIC Motor-CP for MG Production Plant at Hemaraj ESIE 2

SAIC Motor-CP Co., Ltd., manufacturer of MG Cars in Thailand, has signed a land purchase agreement with Hemaraj Land And Development Plc. for a plot of land at Hemaraj Eastern Seaboard Industrial Estate 2. Once completed, the Chonburi plant will have a maximum production capacity of 200,000 units per annum, both for the domestic and the export markets, thus becoming the company’s production hub in Southeast Asia. This deal, covering 437.5 rai, also marks Hemaraj’s largest land sale for 2015.

Photo Caption: Ms. Jareeporn Jarukornsakul (2nd right), Vice Chairman of the Board of Directors, Vice Chairman of the Executive Committee, and Mr. Vivat Jiratikarnsakul (right), Executive Vice President & Chief Operating Officer, Hemaraj Land And Development Plc., finalized the land deal with Mr. Nopadol Chiaravanont (2nd left), Board Member, and Mr. Wu Huan (left), President, SAIC Motor – CP Co., Ltd., during the contract signing ceremony.