in Food Display and Refrigeration 

Why Thai Manufactured products are lower in cost:

On the global manufacturing map, Thailand stands out as a hotbed for investment, thanks to its strategic location, abundant resources, and stable political environment. Especially in the realm of food display cabinets and refrigerated food displays, Thailand's advantages are particularly prominent. Today, we'll delve into the specific differences between Thailand, China, and other Southeast Asian countries in terms of labor costs and tax incentives, and how these differences offer unparalleled advantages for importing goods from Thai factories.

Labor Costs

When discussing manufacturing costs, labor costs are undoubtedly a significant factor. Compared to China, Thailand boasts relatively lower labor costs without compromising on quality. Thai workers are renowned for their diligence, dedication, and flexibility. They excel not only on the production line but also in the training and skill enhancement of technical workers.

According to the latest data, China's manufacturing unit labor cost has soared over the past decades, nearly triple that of Thailand. This means that producing labor-intensive products in Thailand allows you to enjoy more economical labor costs while ensuring product quality and production efficiency.

Compared to other Southeast Asian countries, Thailand's labor costs also remain competitive. Although Vietnam's labor costs have risen in recent years, they are still lower than China's. However, Thailand's workforce quality and production efficiency surpass that of Vietnam due to their uniquely rich historical and cultural background. India, despite having relatively lower labor costs, falls behind in infrastructure, technology, and supply chain management, making it less competitive in the global manufacturing sector.

Tax Incentives: The Benefit of Policy

In addition to labor costs, tax incentives are another crucial factor attracting foreign investment. The Thai government has introduced a series of tax incentives to attract more foreign investors, particularly in the food display and refrigeration sectors.

In Thailand, the standard corporate income tax rate is 20%, but the government offers various tax relief measures for eligible enterprises. For instance, high-tech enterprises, energy-saving product industries, and agricultural product processing, among others, enjoy tax exemptions for up to 15 years, providing these industries with greater financial flexibility in their early stages.

Moreover, Thai factories located within industrial zones are eligible for additional tax benefits. Enterprises in industrial zones can enjoy a "2-year exemption, 5-year reduction" tax incentive policy, meaning they are exempt from corporate income tax for the first two years and receive a 50% reduction for the following five years. This policy significantly lowers the tax burden on businesses, making investing in Thailand even more lucrative.

Compared to China, Thailand's tax incentives are more straightforward and clear. China's tax incentives, while covering multiple sectors and industries, are relatively complex and have stringent conditions. In Thailand, as long as you meet the policy requirements, you can easily enjoy the benefits of tax relief.

The Advantage of Importing Goods: A Perfect Combination of Quality and Cost

Based on the aforementioned labor cost and tax incentive advantages, Thai factories exhibit unparalleled charm in importing goods. Food display cabinets and refrigerated food displays produced in Thailand are not only of superior quality and exquisite design but also reasonably priced and cost-effective. This makes Thai products highly competitive in the international market.

For clients looking to import Thai products, they can enjoy not only high-quality products and services but also significant cost savings. Compared to products manufactured in China or other Southeast Asian countries, Thai products offer a clear price advantage. Additionally, the Thai government provides robust support for export products, offering various preferential policies and services to export enterprises.

Choose Thailand, Choose the Future

In summary, Thailand's manufacturing advantages in the food display and refrigeration sectors are evident. Whether considering labour costs, tax incentives, or the advantages of importing goods, Thailand is a worthwhile investment option. For companies seeking to expand into international markets and enhance product competitiveness, choosing Thailand means embracing a future filled with opportunities and potential.

We invite you to visit our factory in Thailand and experience our products and services in person. We believe that on this fertile soil, we can join hands to create an even brighter future! For potential OEM partnership opportunities, reach out to our business development team at contact@alex-th.com.

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