“Some 150 years ago the right location was in England, where the industrial production was invented. Afterwards the US became the leading catalyst for the industrialized progress. 40 years ago Japan grew to be the new centre of industrial growth. But now the gravity of this has moved to the ASEAN region though Taiwan and South Korea,” he explains.
Hans Jørgen Nielsen believes that a major factor behind the impressive growth of LV Technology is its location in Thailand. For over a decade his company has been offering energy-saving solutions for the cement industry world wide.
“In China they are extremely fast, but not very flexible in their production, and in Europe it is the other way around, the process is flexible but not fast. In order to compete with both of them we have to be both fast and flexible”, Hans Jørgen Nielsen says.
LV Technology was the only Danish company selected to be part of the annual investment event of the Stock Exchange of Thailand on Monday 9 March 2009.
“Thailand is a fantastic place to invest. There are some problems with lacking governmental support and we still have to work for being internationally recognized for its potential of being a leading industrial authority. But the reasonable cost level, the impressive pool of well educated personnel and no prospects of major cost increases in the coming years, as China experiences right now, makes Thailand an ideal spot for industrial investments”, he states.
LV Technology was founded in 1996. Today his company is present in India, China, Brazil, Europe and the USA and the company’s head office in Bangkok has grown from four to 138 employees.
