Thai data center firm True IDC is expanding its True IDC-East Bangna facility in Bangkok.
The company last week had a groundbreaking ceremony to begin work on the second of the total of four planned buildings for a total of 15MW when fully developed.
Sitting on eight acres, the first phase of development was completed in in 2019, and the second phase will be ready for service in 2022. The new facility will supply up to 12kW per rack, and reportedly is partly pre-leased.
The company said at full build out the company will have invested 3,000 million baht ($91.5 million) in the campus.
True IDC GM Theerapun Charoensak said: “Thailand has been classified as a high growth market... It is a good opportunity to drive our business to become the foundation to support and build on other business operations that will gradually grow in the digital era."
"We will maintain our excellence in business operation, increase our technology and innovation capacity, improve customer service, join hands with new partners and develop solutions that respond to the clients’ needs in order to keep standing as the number one in the market.”
Part of Thai conglomerate Charoen Pokphand Group’s digital unit Ascend Corp., TrueIDC operates four data centers in Thailand and one in Myanmar. Launched in 2003, TrueIDC’s Thai facilities are located in Bangna, Muangthong, Ratchada, and Pattanakarn. The company opened a Mynamar data center in Yangon in 2015.
In September Bloomberg reported that Charoen Pokphand Group was considering a sale of True IDC, which could fetch around $200 million.