Vikrom Kromadit built his industrial park empire in Thailand and Vietnam. Laos is next
Laos's green energy potential is why the Amata CEO calls the landlocked country "the battery of Southeast Asia.”
Thai real estate mogul Vikrom Kromadit, CEO of Amata Corporation, has ambitious plans to expand his industrial park empire into Laos. In an interview with Fortune, Kromadit stated that Laos will become his "largest focus" in the coming years due to the vast land resources and green energy potential in the Southeast Asian country.
Amata Corporation, founded in 1989, has already built a significant presence in Thailand and Vietnam, with industrial parks in Rayong, Chon Buri, and Bien Hoa. Kromadit believes that Laos, as Southeast Asia's only landlocked country, offers an unparalleled opportunity to attract Chinese manufacturers seeking new manufacturing hubs in the region.
With a surplus of energy generated by hydroelectric dams and a wealth of undeveloped land, Laos presents an attractive proposition for industrial development. The company's vision for Laos could potentially expand to cover 200 square kilometers, making it a major player in the region. Kromadit attributes Laos's success to its "best natural conditions" for industrial growth and its strategic position as part of China's "China plus one" supply chains.
Despite the challenges posed by political pressures from the U.S. and the need for cross-border transmission lines, Kromadit remains confident in Laos's potential.
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