THAILAND PAINT SECTOR ROBUST AS COUNTRY RECOVERS FROM 2011 FLOODS
November 1st, 2012
BY JONATHAN DYSON, IN BANGKOK
THAILAND'S first-car purchase subsidy scheme, in which tax rebates are paid to first-car owners, has provided a major boost to Thailand's paint and coatings sector as the country's economy continues to recover from the devastating floods of 2011.
Sales of automotive paints and coatings in Thailand in 2012 are forecast to grow by 25-30%, according to the Thai Paint Manufacturers Association (TPMA). The car sales programme, which was introduced in September 2011 and will finish at the end of 2012, is expected to meet its target of ...
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