Swedish Space Corporation Targets Asia Business With Thai Subsidiary

Space Krenovation Park in Thailand. Photo via Swedish Space Corporation

Swedish Space Corporation (SSC) is looking to broaden its business in Asia. The company announced Thursday that it had formed a new subsidiary, SSC Space Thailand, targeted at the Asian-Pacific market, with an aim to expand the company’s presence in the region.

The new subsidiary will offer SSC’s services, ranging from launch services to ground station networks and engineering services. With new offices being installed in the Space Krenovation Park, part of the EEC Digital Park in Chonburi province, SSC becomes the first international space company to invest in Thailand’s Eastern Economic Corridor. The investment is another step for the company after it recently announced plans for new launch capabilities in Europe. SSC plans to launch small satellites into orbit by the end of 2022 from its space center Esrange, in northern Sweden.

“The Asian-Pacific space market is growing rapidly, and today’s announcement highlights our ambition to be a leading force in that development. Right now, we are looking to develop talents in Thailand and contribute to Thai space initiatives as well as explore further opportunities to grow within the Asian-Pacific region,” SSC CEO Stefan Gardefjord said in a statement.