Thread: Khon Kaen officials blindsided by Red Bull subsidiary’s plant closure

KTD Property Development Co Ltd confirmed yesterday a decision to cancel plans to build and operate a factory manufacturing non-alcoholic beverages in Tambon Ban Dong of Khon Kaen’s Ubolrat district


The company, which is a subsidiary of Red Bull Group and owned by Saravoot Yoovidhya, Red Bull’s chief executive officer, added that the plant might be relocated, possibly to a neighbouring country.

The move surprised Khon Kaen land officials and Ubolrat district chief, who reportedly said it was regrettable due to the long-term economic benefits the plant, which is more than 50-per-cent complete, would have brought, but a police complaint regarding road construction would still go ahead.


more Khon Kaen officials blindsided by Red Bull subsidiary?s plant closure

Blindsided? Pissed off that Red Bull didn't have a thick enough skin and fat enough wallet to carry on once the corruption with regards to the land acquisition had gone public, is more like it. Red Bull hightailed it and have left officials without promised continuing backhanders.

My guess, anyway.