National Instruments (NI) is bullish on Thailand and is beefing up its presence in the country, according to Chandran Nair, managing director of National Instruments for Southeast Asia.
After Indonesia, Thailand is the second largest economy in Southeast Asia. Despite last year's devastating floods, Thailand has registered positive results in the first quarter of 2012. The country is predicted to grow at 5.5 and 7.5 percent in 2012 and 2013, according to the International Monetary Fund (IMF).
10 years in Thailand
The larger premises at the Suntowers building on Vibhavadi-Rangsit Road in Chompon, Chatuchak, Bangkok, will serve as the hub for NI's customer service programmes and industry-leading technical trainings, announced Nair today. NI marks its 10th year in the country.
Austin, Texas-headquartered NI is the producer of automated test equipment and virtual instrumentation software.
Nair also said that his company sees significant growth opportunities in the hard disk drive, electronics, power and oil & gas industries among others. "National Instruments' business in Thailand has grown from strength to strength since we established our presence here in 2002," said Nair. "We are pleased to open the doors of our new office and engage more closely with our customers and partners in high-growth sectors like hard disk drive, electronics manufacturing, energy and oil & gas industries," he added.
His expressed his long-term commitment as an investor in Thailand, and said that his company is looking forward to growing the team there, collaborating with more universities, and enabling competitiveness across customer verticals. Asia Pacific contributes about 30 percent to our global revenue.
NI is partner to some of the world leading companies that have production facilities in Thailand. Thailand is also important for NI in the research and academic field.
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