# STIEBEL ELTRON invests 600 million baht in Thai heat pump export plant

STIEBEL ELTRON plans to invest 600 million baht in a new factory near its Bang Pa-In plant in Ayutthaya, Thailand, to produce heat pumps for export, with operations starting in 2025.

- Type: Investment
- Announced: 2023-12-04
- Where: Bang Pa-In, Ayutthaya, Thailand
- Value: $17.1M (600.0M THB)
- Status: announced
- Products: heat pumps, water heaters, water filter systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Stiebel Eltron](https://endata.com/companies/3162.md)

## Sources

- [thailandtv.news](https://thailandtv.news/stiebel-eltron-invests-600-million-baht-to-boost-heat-pump-production-in-thailand/), 2023-12-04: "plans for a new 600 million baht investment in a nearby area are underway"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.