Thailand billionaire spent more than 3 million USD to build a mask factory

Mr. Dhanin Chearavanont, Chairman of CP Group. Photo: Reuters.
Mr. Dhanin Chearavanont, Chairman of CP Group. Photo: Reuters.

Thailand’s richest man invested US $ 3.19 million in a mask factory to help the Southeast Asian nation fight the Covid-19 epidemic.

According to the Nikkei Asian Review, businessman Dhanin Chearavanont – Chairman of CP Group, a leading Thai corporation – announced that he would build the factory in 5 weeks to produce 3 million medical masks monthly.

The richest man in Thailand said CP Group would invest about 100 million baht ($ 3.19 million) in the factory to help the country cope with the new strain of corona virus.

CP Group deals in animal husbandry, food processing, retail and telecommunications. Producing masks is not a specialized field of business.

“We will use the existing global network to supply machines and materials that meet sanitary standards for the prevention of disease, especially for Covid-19,” a CP Group spokesman said.

Many businesses invest in a separate mask production line. Photo: Reuters.
Many businesses invest in a separate mask production line. Photo: Reuters.

CP Group intends to provide free masks to health workers in needy hospitals and those who cannot afford to buy masks to protect themselves.

Previously, Foxconn – Apple’s iPhone assembler – also set up its own mask production line in Shenzhen to ensure sufficient supply for workers to return to work after the Chinese New Year holiday.

Japanese electronics maker Sharp also converted rooms designed to produce liquid crystal displays into medical masks.

Currently Bangkok is struggling with a shortage of masks. This product is constantly out of stock at pharmacies and supermarkets. On the internet, many Thai traders sell masks at exorbitant prices.

Some consumers said they had to buy a mask for 20 baht instead of 0.7 baht as before.

According to Forbes rankings, Mr. Dhanin is the 75th richest person in the world with an estimated fortune of US $ 16.4 billion.

Last time, Thailand recorded 47 cases of Covid-19 infection, including one death.

Source: https://behecare.com/

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