Thailand Thailand The Asian Pacific Area - 2361 Words

Our company, Corbion, the world’s largest manufacturer of biodegradable plastic products, has decided to expand our operations into the Asian Pacific area primarily for access to raw materials and ease of distribution to our larger customers in that region of the world. Our main raw material is sugar which when processed produces monomers and polymers with a base of lactic acid that are used to fabricate our plastic products. Our major markets are food packaging, medical industry supplies, and plastics used in the production of electronic goods. After much research and careful consideration we have decided to open a plant in Rayong, Thailand. Thailand emerged as a key location due to its strengths in matured infrastructure, IT, and communication systems. The Thai government is very friendly to foreign investors and provides simplified import and export regulations. Rayong in particular is a seaport with well-established transportation routes to Southern China where som e of our biggest customers are located. Thailand also provides a pool of highly skilled workers at a low cost. In researching our options in the Asian Pacific region we looked at various cross-cultural components to ensure the success of our endeavor. Communication, whether it be with our internal employees or our customers was a key focus. We felt we needed a communication strategy to help us be successful. Thailand is less mature in the knowledge of English than some other countries in theShow MoreRelatedHuman Trafficking : South East Asia908 Words   |  4 Pagesin the near future. The reality is that South-East Asian countries are mainly â€Å"affected by domestic trafficking or trafficking from the neighboring countries† (UNODC, 2014). There is an approximate â€Å"12 to 27 million people enslaved and exploited by human trafficking†, which this crime network brings in approximately â€Å"$30 billion dollars annually† (Collins, 2014). It is detected that today we see that (1) South-East Asia is still the origin area for victims of human trafficking around the wor ld, (2)Read MoreThe Report of Expansion Bank of Queensland Business in Thailand Analysis2887 Words   |  12 PagesThe Report of Expansion Bank of Queensland Business in Thailand Analysis Song Wu 11/10/2012 Executive Summary: This article is one business investment report due to the requirement of Bank of Queensland Ltd. As the managementRead MoreCountry Background:. Thailand . Thailand Is In The Southeastern1028 Words   |  5 PagesCountry Background: Thailand Thailand is in the Southeastern region of Asia surrounded by the Gulf of Thailand, Andaman Sea, and South China Sea. Sharing borders with Myanmar, Laos, Cambodia, and Malaysia. (1) Thailand is approximately three times the size of Florida, and more than two times the size of Wyoming. (1) The countries government is based on a constitutional monarchy, with military affiliation. (1) Thailand possesses the 2nd largest economy in Southeast Asia after Indonesia; GDP for 2015Read MoreStrategic Expansion Strategy : Hilton Worldwide Essay1538 Words   |  7 Pages Another reason that Hilton Worldwide should implement this expansion strategy to Thailand is that it aligns with Hilton Worldwide’s values. Hilton Worldwide’s mission statement is â€Å"to be the most hospitable company in the world - creating heartfelt experiences for Guest, meaningful opportunities for Team Members, high value for Owners and a positive impact in our Communities.† Hilton Worldwide’s vision statement is â€Å"to fill the earth with the light and warmth of hospitality- by delivering exceptionalRead MoreA Study On Asean India1334 Words   |  6 PagesASEAN-India Free Trade Area. Once reading this paper, one will gain a comprehensive understanding as to how ASEAN-India came to be and what each above-mentioned category represents. On August 8, 1967, five leaders, six nations, came together at the main hall of the Department of Foreign Affairs building in Bangkok, Thailand to sign a document known as the ASEAN Declaration. The six known Foreign Ministers coming together were, Tun Abdul Razak of Malaysia, Thanat Khoman of Thailand, Narciso R. Ramos ofRead MoreAsean India Free Trade Area ( Aifta )1337 Words   |  6 Pages ASEAN-India Free Trade Area (AIFTA) In this paper, I shall provide you with important and detailed information, entailing who ASEAN-India is, how ASEAN-India was founded, why there was a need for ASEAN-India, and what type of business conducted, along with its contributing countries. This paper will further discuss each agreement that was signed into effect, to include The Framework Agreement on Comprehensive Economic Cooperation, The Trade in Goods Agreement, Trade in Services Agreement, and theRead MoreThe Expansion And Intensification Of Social Relations And Consciousness Across World Time And World Space Essay1471 Words   |  6 Pagesthese trade deals. Walk into any coffee shops around the world, one can taste hundreds and thousands of different coffees, whether it be bitter, chocolate, fruity or other tastes. Specifically, Mai Thai Exotic Asian Coffee came from the villages in Northern Thailand. Mai Thai Exotic Asian Coffee (n.d.) found, they â€Å"Discovered that coffee had been introduced to the highland villages some 40 years ago as a substitution crop for opium, but no one developed a market for it†. After further research, theyRead MoreImpact Of The Asian Financial Crisis Of 1997 On The Region s Development1704 Words   |  7 Pagesthe impact of the Asian Financial Crisis of 1997 on the region’s development â€Å"Since World war II, development has been the most important term used to describe economic, social and political changes in what have come to be known as Third world countries† (Zhang, 2003). The Asian financial crisis of 1997 had a major impact on the regions development as it was the end of the East Asian economic miracle, a time that showed staggering economic growth throughout the Asia Pacific. However, despiteRead MoreCharacteristics, Issues And Trends Of The Region From An Agricultural Perspective1308 Words   |  6 Pages To provide an introduction and insight first a brief summary of East Asia will be provided. East Asia includes approximately 15 countries, within this there is a population of 1.974 billion people. Of the total population 51% live within rural areas resulting in agriculture making up 11% of GDP, which is considerably more than the likes of the US (1% of GDP). There is considerable diversity between countries within East Asia. There are major differences between country’s GDP per capita and economicRead MoreIndonesi An Important Factor For Indonesia1153 Words   |  5 Pagesor countries in other region (Wilson 2012). As members of world community, Indonesia cannot slip way from international cooperation, if so; Indonesia may not be able to meet all its needs. Indonesia is now cooperating with many countries in Asia Pacific including New Zealand. New Zealand is an important factor for Indonesia in economic relation (New Zealand Foreign Affairs Trade, n.d.). Diplomatic relations between Indonesia and New Zealand was officially first formed in 1958. In the year after