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Saturday, April 27, 2024

Q-Con’s land acquisition set to boost southern Thailand’s economy

The Industrial Estate Authority of Thailand (IEAT) anticipates its recent land sale to Quality Construction Products Plc (Q-Con), a lightweight brick manufacturer, to bolster the increasing demand for bricks and endorse the government’s economic upliftment plan for the southern region.

Situated in the Southern Region Industrial Estate, the 35-rai land was acquired by Q-Con, which had committed to a purchase agreement on Monday, March 18. The firm has invested approximately 1.05 billion baht in its lightweight brick production initiative.

The acquisition of the land is anticipated to foster job creation and facilitate other investment ventures that require construction materials, thereby boosting the southern region’s economy, stated Veeris Ammarapala, the IEAT’s governor.

“The relationship between Q-Con and the IEAT is strong. The company is a key customer who has bought…

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