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State pushes green agenda for factories

State pushes green agenda for factories 2 published : 15 Feb 2021 at 06:30 2 The Department of Industrial Works (DIW) aims to increase social awareness among 65 factories this year to promote environmentally friendly production under the circular economy model. The circular economy concept is based on using upcycling processes to add value to unwanted materials, making them reusable. Industry Minister Suriya Jungrungreangkit said the government is committed to safeguarding the environment and communities through a campaign for business sustainability it considers a corporate social responsibility (CSR) project. Officials call it the CSR-DIW, as it is overseen by the department. Factories that join the project will benefit from waste and cost reduction, he said.

719 factory closures in 2020 not so bad

719 factory closures in 2020 not so bad published : 4 Feb 2021 at 04:33 24 A total of 719 industrial factories went out of business last year, citing the economic impacts of the Covid-19 outbreak and causing 30,000 workers to lose their jobs, says the Department of Industrial Works. On the flipside, as many as 3,324 factories were either created or expanded last year, which created as many as 187,088 jobs, said Prakob Vivitjinda, director-general of the department. As the opening and expansion of these factories involved 325 billion baht in total investments, the combined investment value of those 719 factories which stopped operating last year was only 41.7 billion baht, he said.

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