Thailand 304 Industrial Park was established in 1994 and is located in Tatun Town, West Mahabo District, Prachinburi Province, Thailand. Over the years, the 304 Industrial Park has developed into an international park with more than 140 companies, of which 55% are Japanese, 19% are Chinese, 9% are European, and 17% are from other countries. From the perspective of the industry categories of enterprises settled in the park, auto parts accounted for 26%, electronics accounted for 16%, metal smelting accounted for 15%, and other industries accounted for 43%.
In recent years, the 304 Industrial Park has developed rapidly, and with the increase in the number of settled enterprises, a new park has been developed in Chachoengsao Province, with a total area of 48,000 acres in the two parks. National Power Supply (NPS), which is part of the same group as the park, is responsible for providing unlimited water and electricity to all tenants in the park**.
Aerial view of Industrial Park 304, Thailand.
We welcome Chinese enterprises, especially from the fields of PCB, photovoltaic and auto parts, as well as lithium battery production, to invest in 304 Industrial Park. According to Ms. Chen Li, the representative of Thailand's 304 Industrial Park in China, in 2023, the 304 Industrial Park will develop by leaps and bounds, exceeding the sales target, and it will be the brightest year since its establishment 30 years ago. In 2023, the 304 Industrial Park will newly settle in a number of enterprises with large demand for water and electricity, especially PCB manufacturers and their leading merchants, many of which have broken ground and will be put into operation in 2025. In 2023, the number of newly signed customers brings the total number of enterprises settled in the park to more than 150.
What exactly does 304 Industrial Park rely on to provide investors with such a large amount of electricity and industrial water consumption? According to Ms. Chen Li, NPS Power Group currently has a power generation capacity of 893 megawatts, including a variety of clean energy including water photovoltaic and biomass power generation, which can ensure the continuous and stable 24-hour power supply of the park. In addition, the reservoir with a total area of 2,100 rai (about 5,040 acres) is capable of providing 40 million cubic meters of water for industrial production, and the daily amount of industrial water ** can reach 320,000 cubic meters. It is very suitable for investment in the PCB industry, photovoltaic industry and lithium battery industry with large demand for hydropower.
NPS Power Group provides energy to 304 Industrial Park**.
304 Industrial Park Water Photovoltaic Power Generation.
NPS has Thailand's largest biomass power cluster, with a power supply capacity of 398 MW, with biomass power generation fuels pictured above.
304 Industrial Park Reservoir.
304 Industrial Park Tap Water Supply System.
In addition to unlimited electricity** and unlimited industrial water**, what are the advantages of 304 Industrial Park?
The 304 Industrial Park is strategically located in the heart of Thailand's leading industrial clusters, such as auto parts and electronics. At the same time, the terrain is high, located at an altitude of 14-20 meters, which is protected from flood losses, and the hard ground can save 20% of the construction cost; Enterprises settled in the 304 Industrial Park will receive policy support from the Board of Investment (BOI) of Thailand, including corporate income tax exemption and exemption for up to 13 years, and can apply for long-term LTR visas for the families of corporate executives, enjoying the same benefits as Thai citizens; The labor force in the park is diverse and sufficient, adjacent to the labor-intensive areas in the northeast, with a starting salary of 340 baht, and the labor cost is lower than that of Rayong, Chonburi and other provinces; Investing overseas, being in an unfamiliar environment, surrounded by unintelligible languages, and exposed to unfamiliar policies and regulations, enterprises are about to face a series of cumbersome and complex investment procedures, which can be described as many difficulties. Adhering to the principle of customer first, 304 Industrial Park has nearly 30 years of accumulated service experience and good political and business relations, which can provide one-stop intimate services for settled enterprises. The professional Chinese team in the park provides advice and provides all-round free consultation for the rapid landing of investment projects, factory construction and production, and product sales and export. In addition, 304 Industrial Park can provide 1,000 square meters and 2,000 square meters of ready-made factories for rent, which can allow investors to land their projects as soon as possible.
Hard geology can save 20% of construction costs
As more and more enterprises settle in the 304 Industrial Park, it not only absorbs a large number of skilled workers, semi-skilled workers and management talents in the local and foreign labor market, thereby driving the rapid development of the real estate and industrial industries in Prachinbu and the prosperity of the region, but also makes Prachinburi one of the important provinces driving Thailand's gross domestic product (GDP). With a GDP per capita of 490,499 baht in 2021, Prachinbhu's provincial gross domestic product (GDP) ranked fourth in Thailand, up 25 places from 1994, behind Rayong, Bangkok, and Chonburi. These are inseparable from the contribution of the 304 Industrial Park.
The advantage of unlimited water supply and power supply in 304 Industrial Park has always been favored by investors from various countries and regions. We look forward to working with more entrepreneurs from China. The interests of your employees, partners and business partners will be fully protected in the 304 park, so as to achieve long-term harmony and common development between customers and the park.
Channels for following 304 park news:
*： www.cn.304industrialpark.com
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