Thailand did not escape the rise and fall of world economies in 2008.
    After the General Election in February, the new government brought several laws into force to reduce living costs, restore entrepreneurial confidence in the economy and re-activate the business atmosphere by stimulating foreign investment. In the second and third quarters of the year, the rising cost of oil and food began to slow business activities in Thailand. In addition to the world economic crisis, in Thailand political turbulence has started again in the last quarter.
    Nishimatsu Bangkok Office has been waiting for implementation of major infrastructure projects, but there was no go-ahead. However Thai Nishimatsu Construction (TNC) posted the highest profit in its history with completion of MIL 11 Story Warehouse (Meyer Industrials Ltd.), YSC Factory (Yamada Somboon Co., Ltd.) and HATC NLT Factory (Honda Automobile (Thailand) Co., Ltd.) and other projects.
    In this year, major orders were received from our trusted clients, Thai Honda Manufacturing Co., Ltd. (THM Delivery Center Extension, THM GX EK-Flow Project), Honda Automobile (Thailand) Co., Ltd. (New NDC Operation Building, Office Building Construction) as well as Bridgestone NCR Co., Ltd. (BSNCR Seat Pad Plant). TNC completed various projects successfully.
    In spite of economic recession in the last quarter, TNC showed good performance in the industrial construction sector, due to continual improvement in management and construction practices at all levels.

MIL 11 Story Warehouse, Thailand	YSC Factory Expansion, Thailand