Amata Corporation Celebrates 50 Years of Business in Thailand and Vietnam

Chonburi, Thailand, January 22, 2025 -- Amata Corporation, a Stock Exchange of Thailand-listed industrial estate, celebrates in 2025 the 50 years in business of its founder, Mr. Vikrom Kromadit, and the success of the group's business operations in Thailand and Vietnam. The two countries are attracting global manufacturing companies seeking to establish a base in Southeast Asia to weather geopolitical uncertainties.

The story of Amata Corporation started in the mid-1970s, when Mr. Vikrom, a then young graduate from the Taiwan National University, set up on an entrepreneurial journey in his native country, Thailand. After forays in import-export and business consulting, he entered the industrial estate business. Amata now manages full-service industrial parks in Thailand and Vietnam that are home to a total of over 1,500 global manufacturing companies.

Amata's clients include many Global Fortune 500 (2023) groups such as BASF, BMW, Bosch, Bridgestone, Bristol-Myers Squibb, Cardinal Health, Conch, Denso, Foxconn, GAC, Idemitsu, Magna, Mitsubishi Chemical and Mitsubishi Electric, Nestlé, NTT, PepsiCo, Posco, Sony, Toyota Tsusho, Toyota, etc.

The five large industrial parks the company manages in Thailand -- including Amata City Chonburi, the company’s single-largest estate -- and the seven projects -- including industrial parks and townships -- its affiliate Amata VN manages in all key economic zones of Vietnam are no ordinary industrial estates. The parks offer ample water supply and wastewater treatment, stable electricity supply, including a fast rising share of renewable energy, mostly solar, as well as schools and pleasant residential areas.

"At Amata, our objective is to build the most perfect possible cities ensuring sustainability and financial stability through careful urban planning, state-of-the-art utilities, and dedicated management," said Mr. Vikrom, who will be 72 in March this year. "We select perfect locations near deep seaports and airports, as that's the most important success factor for industrial parks. But we also add facilities that go one well beyond that to make our parks livable cities, ensuring a convenient and clean environment for all."

The total industrial land managed by Amata, which started in 1989 with a six-hectare pocket of land, now represents around 150 sq. km. across the region, including Thailand, Vietnam, Laos, and Myanmar. The company has another equivalent amount of land in reserve, ready for future expansion, Mr. Vikrom said.

The development in Laos, in the country's northern province of Udomxai, is located next to the Namor station of the Lao-China Railway line, 22 days away from Europe by train. The new smart and eco-industrial park focuses on agro-industries, processing some of the rich agricultural resources of the area.

"In all countries where we operate, Amata's focus is to live up to its name, which means 'Eternity' in Sanskrit. We want to make sure that the prosperity we are bringing to all these locations will still be there to make people's lives better in another 50 years," Mr. Vikrom said.

The group's 50th anniversary celebration is scheduled for January 17, 2025.