Thai automotive venture sees expansion in APAC business

Federal-Mogul Motorparts, a division of Federal-Mogul Holdings Corp. (FDML), has entered into a joint venture agreement with Loxley Public Company Limited under which Federal-Mogul Motorparts will own a majority stake in and have operational control of Parts Zone (Thailand) Co., Ltd., an established automotive parts distributor in Thailand.  

The joint venture will be based in Bangkok.  Parts Zone currently has four distribution outlets in Thailand (two in Bangkok; one in Chiang Mai in northern Thailand; and one in Surat Thani in southern Thailand).  As part of the joint venture, this number of locations is expected to expand by up to a dozen additional distribution points.