FPI expands production base in Saudi Arabia to reduce costs

MGR Online•Economy•1d ago

Reader Briefing

Fortune Parts Industry is constructing a new factory in Saudi Arabia to serve as a production and distribution hub for the MENA region.

•Fortune Parts Industry (FPI) is building a factory in King Abdullah Economic City (KAEC), Saudi Arabia.
•The facility is expected to begin commercial operations in November 2026.
•FPI has secured a project from Ceer valued at over 30 million USD (approximately 1,000 million THB).
•The new location is expected to reduce logistics costs by more than 30% compared to exporting from Thailand.

•Fortune Parts Industry is constructing a new factory in Saudi Arabia to serve as a production and distribution hub for the Middle East and North Africa (MENA) region.
•The foundation and building structure of the Fortune Parts Industry factory are complete, and machinery is currently being installed.
•Fortune Parts Industry expects the Saudi Arabian factory to be commercially operational by November 2026.
•Fortune Parts Industry invested in the King Abdullah Economic City (KAEC) special economic zone to access tax and investment benefits.
•The location in King Abdullah Economic City (KAEC) reduces logistics costs by more than 30% compared to shipping from Thailand and mitigates risks from shipping route volatility in the Red Sea and Strait of Hormuz.
•Fortune Parts Industry is establishing the factory as an OEM automotive plastic parts production base.
•Fortune Parts Industry received a project from Ceer worth over 30 million USD, with revenue to be recognized over the next 5-6 years.
•Fortune Parts Industry is negotiating with Hyundai for future automotive parts production in Saudi Arabia and exploring expansion into the air conditioning industry.

Full article content is available on the original source.

Fortune Parts Industry(ฟอร์จูน พาร์ท อินดัสตรี้)

A company expanding its production base to Saudi Arabia to serve the MENA region.

A Saudi Arabian automobile manufacturer that awarded a project to Fortune Parts Industry.

Hyundaiℹ️

A company that Fortune Parts Industry is negotiating with for future automotive parts production in Saudi Arabia.

Somphon Thanadamrongsak(สมพล ธนาดำรงศักดิ์)

Executive Chairman and Managing Director of Fortune Parts Industry Public Company Limited.

Saudi Arabia(ซาอุดีอาระเบีย)ℹ️

The country where Fortune Parts Industry is constructing its new production hub.

King Abdullah Economic Cityℹ️

A special economic zone in Saudi Arabia where Fortune Parts Industry is investing.