Union Tool establishes local subsidiary in Thailand to strengthen sales of cutting tools

October 1, 2017

Union Tool announced on September 14, 2017, that it would establish a local subsidiary, Union Tool Thailand, in Bangkok, Thailand.

The capital investment is 110 million baht, and the new subsidiary is scheduled for completion in January 2018. The company will finalize details such as the address and representative in due course.

Among Southeast Asian countries, Thailand has the highest demand for cutting tools. Until now, Union Tool had relied on its representative offices to collect market information. However, with expectations of growing demand in the region, the company has decided to establish a full subsidiary in order to strengthen its sales activities.