WHILE 786 factories closed in 2025 and 1,220 new ones opened, there were more closures than openings in December for the first time in two years, PPTVHD36 quoted Kasikorn Research Centre as saying today (Feb. 6).
This reflects ongoing structural problems and intense competition in the manufacturing sector, the research centre pointed out,
Although the opening of new factories exceeded closures last year, the total that did so decreased by 42%. The proportion of factory openings to closures has dropped to 434, with this being a significant decrease.
The top three sectors with the most factory closures are:
– Mining industry;
– Food and beverage production;
– Non-metallic materials.
The factories that have closed down are becoming larger in size, reflected in the average registered capital per factory projected to reach 49 million baht/factory in 2025, up from 39 million baht/factory in 2024.
Kasikorn Research Center recommends monitoring three issues that may affect the opening and closing of factories:
– Weak economic conditions/purchasing power due to high living costs and household debt;
– Trade wars/strengthening baht affecting costs and the competitiveness of businesses;
– Intense competition with imported goods pressuring capacity utilisation and sales.
CAPTION:
Top and Front Page – Two closed factories. Photos – PPTVHD36
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