Federal-Mogul Motorparts, a division of Federal-Mogul Holdings, has entered into a joint venture with Loxley Public Company Limited under which Federal-Mogul Motorparts will own a majority stake in and have operational control of Parts Zone (Thailand) Co Ltd., an automotive parts distributor in Thailand.
The joint venture will be based in Bangkok. Parts Zone currently has four distribution outlets in Thailand (two in Bangkok; one in Chiang Mai in northern Thailand; and one in Surat Thani in southern Thailand). As part of the joint venture, this number of locations is expected to expand by up to a dozen additional distribution points.
‘In a strategic expansion of our distribution footprint in Asia Pacific, Parts Zone will serve as a key platform for Motorparts' premium-branded products in Thailand and the greater Asian region,’ said Dan Ninivaggi, CEO of Federal-Mogul Motorparts. ‘We see our expanded presence there as pivotal to our continued growth in the region, especially given the anticipated creation of the ASEAN Economic Community (AEC) by the end of 2015.’
This story is reprinted from material from Federal Mogul, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
