Source: The Nation Thailand

The event highlighted the kingdom’s suitability as manufacturing base under modern global trends. Thai trade delegates led by Deputy PM and Commerce Minister Phumtham Wechayachai met with executives of Keidanren, led by Suzuki Jun, chair of Japan-Thailand Trade and Economic Committee at Imperial Hotel in Tokyo.

During the meeting, Phumtham underscored Japan was Thailand’s third-largest trade partner last year, while accumulated investment amount from Japanese corporations made up for 25% of the kingdom’s total foreign investment, more than any other country.

He invited Japanese business leaders to invest in Thailand as well as visit the country to witness its potential. The Thai government has facilitated this by exempting visa requirements for Japanese visiting Thailand for up to 30 days since 1 January 2024, he added.

Phumtham said Thailand possesses readiness to be a manufacturing and exporting bases for various industries, adding that the government has prepared and promoted Thai entrepreneurs for new global trends that focus on green business, sustainable manufacturing, low-carbon emission and the use of renewable energy.

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A report by Persistence Market Research revealed the global press-brake market size reached US$ 569.1 million at the end of 2021. Sales of press brakes are projected to increase at a CAGR of 6.1% across the 2022-2032 assessment period to reach a market value of US$1.03 billion by the end of 2032.

The report said, “Together, hydraulic press brakes and pneumatic press brakes account for more than 74% share of the global market. Demand for press brake machines is being driven by the rising consumption of sheet metal from various end-use industries such as automobiles; transportation; construction and metal fabrication. Furthermore, increased consumer spending power and rising government spending on infrastructure development will drive the demand for sheet-metal processing equipment.”

“The press-brake machine market is projected to grow in several countries around the world as a result of rapid urbanisation and rising consumer expenditure. In terms of volume, the automotive and electronics sectors are anticipated to lead the demand growth of press brakes over the forecast period,” it added.

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Hydraulic press brakes are estimated to account for around 52% volume share of the global market. However, demand for servo-electric press brakes is projected to rise at a CAGR of 5.4% to reach a market valuation of US$ 134.2 million by 2032. They come with digital controls along with increased production capacity and reduced energy consumption.

By volume, demand for press brakes is projected to increase at 4.8% CAGR in the first half of the forecast period and 5.3% in the second half. This is because of rising manufacturing and construction activities in several industries such as automotive; metal fabrication; transportation; construction and electronics.

“Sales of hydraulic press brake machines are projected to increase at 6.1% CAGR by volume. These machines employ hydraulic fluids in one or more cylinders to drive the press brake’s ram down onto the component being shaped. Hydraulic press brake controls are more precise than mechanical press brake controls, and can be adjusted to accommodate different bend depths,” the report added.

Notably, the report outlined that the ease of operation, modern design and digital controls, automatic press brake machines accounted for a higher market share of around 43.1% in 2021. However, demand for semi-automatic press brake machines is projected to expand at a volume CAGR of 5.5% through to 2032.

“The South Asia-Pacific press-brake machine market is projected to expand at a volume CAGR of 6.1%, while the East Asia press brake machine market is projected to grow at a value CAGR of 6.0% over the forecast period. The rising volume of air, rail and maritime traffic in the Asia-Pacific region is spurring sufficient investments in transportation infrastructure (such as automobile, aircraft and railway manufacturing) which is expected to further boost the transportation industry,” added the report.

Growth Hotspot 1 — Indonesia

The ASEAN Briefing quoted the Investment Coordinating Board (Indonesian: Badan Koordinasi Penanaman Modal, BKPM) that transportation, and telecommunications received US$4.1 billion in foreign investment in 2022. BKPM is Indonesia’s Non-Ministerial Government Body for formulation of government policies in the field of investment, both domestically and abroad.

Transportation development in Indonesia has been nothing short of bumpy given its weak connectivity between islands — translating to high logistics costs. There are many regions, particularly in the east of the country, where development has lagged and requires investment in public transport and infrastructure.

From 2019 up to 2024, the government is seeking to invest US$430 billion in infrastructure programs with the majority taking place in the transportation sector. The largest project is the Trans-Sumatra highway project, which is expected to span 2,900 km and cost US$33.7 billion. More than 1,000km has already been completed.

For construction — commercial, industrial, infrastructure, and energy sectors are key in Indonesia. Findings from Global Data revealed industrial construction (manufacturing facilities, metal and material production and processing plants) is expected to expand in 2023, before registering an annual average growth of more than 4% from 2024 to 2027, supported by an increase in manufacturing production, coupled with investment in the mining and automotive manufacturing sectors.

Energy construction includes electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The energy and utilities sector is expected to grow in 2023 and record an annual average growth of more than 5% from 2024 to 2027, supported by investment in power, oil and gas, and telecommunication projects. Most of these initiatives would receive support from the government.

Growth Hotspot 2 — Thailand

Thailand’s construction market size was US$24.2 billion in 2022. The market is projected to achieve an AAGR of more than 4% during 2024-2027. Growth in the sector will be aided by public and private investments in the development of industrial and infrastructure projects.

Reports from Bangkok Post noted the government aims to accelerate state investment in 2023 to provide a tailwind to propel economic growth momentum. Finance Minister Arkhom Termpittayapaisith expects the economy to expand 3-4% in 2023, with growth driven by the government’s plan to speed up state investment in key infrastructure projects.

According to Fiscal Policy Office (FPO) Director-General Pornchai Thiraveja, state agencies set a combined investment budget of THB664 billion in fiscal 2023, accounting for 20.9% of total state spending. Among the most crucial projects are the Highways Department’s construction of new highways and the Royal Irrigation Department’s development of new water source areas. Projects also include those for the Department of Public Works and Town & Country Planning, such as the construction of embankments along the country’s rivers.

The ministry set a target for state agency budget disbursement in fiscal 2023 of 93% of the total budget, with a minimum of 75% set as the target for disbursement of the investment budget. The country’s 43 state enterprises are projected to invest a total of THB282 billion in their projects in fiscal 2023. According to the ministry’s target, the agencies should disburse at least 95% of the budget.

The State Railway of Thailand set an investment budget of THB49.2 billion this year, while the Electricity Generating Authority of Thailand targets investment of THB31.5 billion. The Mass Rapid Transit Authority of Thailand plans to invest THB14.2 billion, while Airports of Thailand submitted an investment budget of THB12 billion.

The Expressway Authority of Thailand plans to invest THB11.2 billion in the fiscal year. The ministry is working on accelerating the investment of state agencies and state enterprises, said Mr Pornchai. The FPO estimates public investment in 2023 will expand 2.5% year-on-year, in a range of 1.5-3.5%.

He said state investment would stimulate demand for products and services in several related sectors, generating new jobs. State investment in transport systems can save on the cost and time involved in travel, while also creating new linkages between the country’s regions that better distribute economic activities. State investment in key transport infrastructure and financial systems will also help bolster the country’s competitiveness and save on costs for businesses in the long run, he said.

South Asia-Pacific and East Asia Main Drivers 

While the spotlight is on Indonesia and Thailand, Persistence Market Research noted, “The South Asia-Pacific press-brake machine market is projected to expand at a volume CAGR of 6.1%, while the East Asia press brake machine market is projected to grow at a value CAGR of 6.0% over the forecast period. The rising volume of air, rail and maritime traffic in the Asia-Pacific region is spurring sufficient investments in transportation infrastructure (such as automobile, aircraft and railway manufacturing) which is expected to further boost the transportation industry.”

“The United States is the largest contributor to the press-brake machines market and carries steady growth opportunities for sheet-metal processing equipment. China is one of the major contributors to the East Asian market and is projected to expand at a volume CAGR of 5.9% during the forecast period. During the projected period, the Japanese press brake machine market is estimated to account for more than 32% of the East Asian market share,” it concluded.

Lastly, sales of 150 to 300-tonne press brakes are estimated to increase at 6.4% to reach a market valuation of around US$311.6 million by 2032. They are anticipated to augment their market share as they have wider applications in the transportation and electronics sectors.

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The renovation will also include replacement of the current signalling system to a communications-based train control system and will begin over the coming months.

Bombardier will replace 19 light rapid vehicles (LRV) introduced in 1999 with new vehicles, and the 13 LRVs in use since 2015 will be upgraded to the communications-based train control system.

“Bombardier’s proposal does not require any modification to existing infrastructure and minimal disruption to rail services and hence, met our specifications,” said Chua Chong Kheng, deputy chief executive, infrastructure and development, Land Transport Authority. “When the majority of works are completed by 2022, residents and commuters will be able to experience improvements in overall reliability and smoother train rides.”

Additional renewal works such as the improvement of existing power rails, the installation of condition monitoring systems and the decommissioning of legacy signalling track circuits are scheduled to be completed by 2024.

The transportation company has also received a ten-year service support contract, under which the public transport operator Singapore Mass Rapid Transit will engage the firm for technical and logistic support, as well as spares supply.

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The trains will operate from December 2021 on routes between Cuxhaven, Bremerhaven, Bremervoerde and Buxtehude. Called the Coradia iLint, the world’s first first hydrogen-powered passenger train emits no carbon and is capable of operating in near-silence.

Wolfram Schwab, regional vice-president of products and innovation, Alstom, said, “Fuel cells have been developed for other applications, but now is the time to get this done in the railway sector. Now we are just at the starting point of the migration phase to zero-emission trains.”

The company also says the train will be able to travel up to 800 km on a single tank of hydrogen and be capable of holding up to 300 passengers. As part of the deal, the company will provide maintenance for the trains over a 30 year period. Meanwhile, gas company Linde will supply hydrogen for the new trains.

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The contract between India’s National Capital Region Transport (NCRTC) and Spain’s Administrador de Infraestructuras Ferroviarias (ADIF) will enable cooperation on the technical development of track, signalling, rolling stock, safety, multi-modal integration, and station design.

The NCRTC is a joint venture between the Government of India and the State Governments of Uttar Pradesh, Rajasthan, Haryana, and Delhi, and is responsible for designing, constructing, and operations and maintenance of RRTS.

Technical advice will also be made more available on specific issues concerning project implementation and the provision of training to associated personnel.

The first phase will prioritise the Panipat Smart Line and Delhi-Alwar Smart Line RRTS corridors. Pre-construction activities will include geo-technical investigations, design, utility shifting planning, and traffic diversion planning. The rail systems are designed to be operated at 180 km per hour with modern rack structure, rolling stock, and signalling systems.

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Covering both public transportation and infrastructure, the signing was attended by South Korean Minister of Land, Infrastructure and Transport Kim Hyun-mi, Indonesian Minister of Transportation Budi Karya Sumadi and Indonesian Minister of Public Works and Public Housing Basuki Hadimuljono.

Korea Rail Network Authority is to be in charge of the second phase of Indonesia’s light rail transit project for reducing traffic congestion in the capital of Jakarta. In addition, the two countries plan to launch a water supply project in Karian, while cooperating for similar future projects and the completion of the hydroelectric power generation project in Bongka.

Furthermore, Hanwha Engineering & Construction is slated to participate in Indonesia’s public housing projects worth US$230 million. Regarding the first phase of the new city development project in Lido, POSCO Engineering & Construction and Indonesian MNC Group will be cooperating with each other.

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The contract for the 18 eight-car trainsets is valued at approximately US$284 million, and the new cars will enter service with the Chengdu and Kunming Railway Bureau and support the continued development of western China’s new ‘Diamond Economic Circle’, which includes the cities of Chengdu, Chongqing, Xi’an, Guiyang and Kunming.

Jianwei Zhang, president of Bombardier China, said, “In light of this market’s fierce competition, we are pleased that CRC has selected our high speed technology to enhance the western China’s high speed rail network, connect cities and people there and help the new economic circle to reach a targeted GDP growth of 10 percent in 2017.”

The CRH1A-A train’s aluminium carbody is designed to reduce weight and track wear as well as aerodynamic drag, with an operation speed of 250 km/h.

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The value of the contract is 171 million euros (US$191 million), of which 65 percent belongs to Astaldi, and Zhol Zhondeushi (25 percent), PBDiM (five percent) and CLF (five percent).

The works have been commissioned by Polskie Linie Kolejowe, which is a state-owned company responsible for managing Poland’s railway infrastructure.

The work to upgrade the Warsaw Wschodnia Osobowa-Dorohusk line involves demolition, reconstruction and extension of a 68 km section, including Lublin station. The project also includes the construction of level crossings and access roads. The planned duration of the project is approximately two years.

This contract is in line with the Astaldi Group’s commercial strategy, which aims to consolidate the company’s presence in Central Europe. The contract also strengthens the company’s presence in Poland, where it currently manages an order backlog of approximately US$1.12 billion for the extension of Line 2 of the Warsaw underground; the construction of the Warsaw South bypass road; a S-7 expressway lot near Krakow, and other works for road sections.

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The PHP 255 billion (US$5.05 billion) project will be funded by Official Development Assistance, an arm of the Ministry of Foreign Affirs from Japan. The railway will connect Manila with Central Luzon.

The Manila-Clark railway is one of the projects initiated by the nation’s current government under its ‘Build Build Build’ infrastructure programme.

“This project will ease traffic congestion and help thousands of commuters coming from Bulacan and Pampanga who travel daily to their workplaces or schools in metro Manila,” said Junn Magno, general manager at Philippine National Railways.

The railway project was initiated with the marking of five stations, which are Marilao, Meycauayan, Valenzuela, Caloocan, and Tutuban.

A total of 13 train sets will be initially deployed once the railway is completed, each comprising of eight coaches which will be capable of operating at a maximum speed of 120 km per hour.

The 106 km railway project will comprise a total of 17 stations and is expected to reduce the two hour travel time from Manila to Central Luzon to approximately 55 minutes. It is expected to benefit 350,000 passengers daily during the first year of its operations.

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Each government will also appoint a rail infrastructure company to fund, build and maintain the rail infrastructure and stations in their respective countries.

The RTS Link will connect Johor’s Bukit Chagar terminal station with Woodlands North terminal in Singapore, and will be able to carry up to 10,000 passengers an hour in each direction. The proposed line is expected to help in reducing congestion at the border between the two countries and provide commuters with a faster transportation alternative.

A joint venture between Singapore-based SMRT Corporation and Malaysia-based Prasarana Malaysia Berhad will see the running and maintenance of the cross border line’s operating systems, which include its trains, tracks and signalling system. The first concession agreement will last a period of 30 years; terms for the agreement are still being discussed between the companies.

The joint ministerial committee is expected to sign a bilateral agreement on the cross-border service by the end of this year.

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