FTI promotes new building construction innovations increase industry opportunities Thai building materials | The Federation of Thai Industries

Today (February 24, 2023) Construction Materials Cluster The Federation of Thai Industries (FTI) organized a seminar on “Directions and Opportunities of the Thai Construction Materials Industry and innovation in the design and construction of new buildings” to improve the competitiveness of the construction materials industry. from upstream to downstream Through the exchange of knowledge about new technologies and innovations at O-NES TOWER Building, Sukhumvit Soi 6

Mr. Vikrom Vajrakupt, President of Construction Materials Cluster The Federation of Thai Industries (FTI) mentions that this seminar has an important goal to promote and develop competitiveness for the construction materials industry throughout the supply chain through cooperation with both Government and private agencies It focuses on the exchange of knowledge about technology, innovation and trends in the construction materials industry that are beneficial to the industry.

“The FTI’s construction material cluster will help promote the construction material industry. through the dissemination of knowledge and new innovations to be a new design concept for Thai designers It takes into account the design of an international standard industrial system. and taking into account the efficient installation Using Building Information Modeling technology through digital channels to create a link in the designer and structure. which not only increases the efficiency of work only but also helps reduce waste problems caused by construction and wasteful energy consumption which is one of the reasons for climate change.”

“In addition, the FTI’s construction material cluster reflects the trend of the construction material industry that is beneficial to the industry. because of the construction industry It is considered another industry that plays a part in stimulating the domestic economy. With an average of 8.1% of Gross Domestic Product (GDP), it contributes to employment and is widely linked to a wide range of industries. Overall, the construction material industry in Thailand is currently considered to be continuously growing, which in the year 2023-2024 is expected to grow in accordance with the overall construction investment value that is expected to grow at an average of 4.5-5.5%. per year, with the main driving factor coming from the investment in large-scale government projects. especially projects related to the Eastern Economic Corridors (EEC), while private construction investment in both residential and commercial real estate projects There is a tendency to gradually recover in accordance with the purchasing power that is expected to improve in line with the economic conditions and infrastructure progress, ”added Vikrom.

Mr. Wiwat Hemmondharop, vice chairman of the Federation of Thai Industries (FTI), emphasized the cooperation between the construction material cluster, FTI, and relevant agencies. To make public and private sectors aware of the importance of the construction material industry that is related to entrepreneurs in many businesses. It is necessary to closely monitor the changing direction of the industry. Including the challenges of the industry that will occur in the future.

“For the business direction of construction material manufacturers and Thai construction contractors. It is important for entrepreneurs, including those interested in the construction industry to be aware. to prepare for Make a plan for conducting business with quality as well as adapting in a timely manner to the current situation that is rapidly changing both at the Thai and regional levels.”

“In addition to the challenges from domestic and international economic factors. Entrepreneurs must prepare for international trade measures related to the environment, such as the Carbon Border Adjustment Mechanism (CBAM) of the European Union. that will affect the production and development of materials in accordance with the measures It also has to face the needs of customers in both the public and private markets that will focus on construction. and building structures that will move toward Green Building. Therefore, it is imperative that entrepreneurs must adapt together throughout the supply chain from industrialists, designers and contractors,” added Mr. Wiwat.

The Federation of Thai Industries (FTI) supports the construction material cluster drive. It brings together 13 manufacturers-related industries such as glass and mirrors, granite and marble, chemistry, ceramics, biotechnology, cement, plastics, electrical and electronics. Thin wood plywood and sheet materials sawmills and kilns, steel, roofing and aluminum equipment, etc., as well as 5 regional provincial industrial councils and have a comprehensive and all-round integration Both in industry and in the area, FTI has a One FTI policy that focuses on Next-GEN Industries in the Smart Agricultural Industry Promotion Project or SAI (Smart Agricultural Industry) or a project in collaboration with The Provincial Industrial Council who wants to upgrade the area to Smart City from the implementation of the said project. Therefore, cooperation from the construction material cluster is required. for Thai industry to grow in the whole system to be sustainable

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Corporate Communications The Federation of Thai Industries
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