News

24
Apr
2019
Frasers Property Thailand Enters into a Strategic Partnership in a Joint Venture with PBA Group in Thailand
  • Aims to enhance customers' operational efficiencies and production competitiveness through robotics and automation solutions.
  • Provides training and education services on Industrial 4.0 with the establishment of a Robotics Automation Centre of Excellence Education Hub ("RACE Academy").

BANGKOK, 24 APRIL 2019

Frasers Property (Thailand) Public Company Limited ("FPT" or formerly known as TICON) forms a 51-49 joint venture in a partnership with PBA Group, a Singapore-based technology provider of robotics and automation solutions across all industries.

Mr. Sopon Racharaksa, President of FPT, said "The introduction of 'Smart Solutions' business, since 2018, aims to add value to our customers through the use of transformative technology and innovative solutions. PBA Group has developed full suites of robotics and automation solutions such as specialized material handling, automated forklifts, automated guided vehicle, robots, and collaborative robots, which have been proven and widely used in various industries across Southeast Asia markets.

Driven by technology transformation under Industry 4.0 era, the industrial robotics industry in Thailand has expanded dramatically over the past decade. The size of Thailand's shipments of industrial robots is estimated to increase by 133% from 2,131 units in 2013 to 7,500 units in 2018 .

The growth in market demand was prompted by declining robots and automation prices, rising e-commerce demand, increasing modernisation of warehouses, and the government's initiatives to drive the use of robotics and automation.

This strategic partnership aims to meet the increasing demand of industrial robotic and automation, building on the strength of both parties, leveraging on FPT's market leadership in Thailand and PBA Group technology-driven solutions."

Mr. Derrick Yap, Chief Executive Officer, PBA Group, said "As a leading robotics and automation enabler in Southeast Asia, PBA Group is positioned as a technology partner who helps businesses in the Industry 4.0 economy. PBA Group's core capabilities includes the development of a full suite of solutions in factory and warehouse automation.

PBA Group is honored to partner FPT to offer robotics and automation solutions in Thailand. FPT is a reputable real estate group in Thailand with extensive knowledge of the industry. PBA Group will bring together robotics and automation know-how to offer added value to customers in Thailand to ensure a successful partnership.

We believe that Thailand has the potential to continue to be a high-growth market for the next decade. For many industries, robotics and automation are no longer an option, but a necessity for players to remain competitive. There is an important opportunity to develop local capabilities to serve the growing demand for automation systems in Thailand.

RACE Academy, PBA Group's independent training academy, is committed to the education and promotion of robotics, automation, and digital manufacturing facilities. The educational program will be launched to uplift the automation ecosystem by training and re-skilling workforce for this industry. Participants will be able to learn about manufacturing automation and digital technologies through mentorship and applied training drawing on real-world projects. The RACE Academy program is planned under the collaboration with Thailand's leading university ."

"FPT will combine knowledge of our strategic partner and design capabilities in industrial property to create unique offerings to our customers. We believe that real estate services are no longer confided to providing the building facilities, but also to create valuable experiences and comprehensive solutions for customers. This partnership represents the beginning of a new chapter for robotics and automation solutions in factory and warehouse." Mr. Sopon said.