ASIANET: AIR PRODUCTS JOINT VENTURE IN THAILAND TO INVEST OVER $50 Ml
AIR PRODUCTS JOINT VENTURE COMPANY IN THAILAND TO INVEST OVER $50 MILLION IN NEW AIR SEPARATION PLANT TO SUPPLY THREE STEEL PRODUCERS/MERCHANT CUSTOMERS
ALLENTOWN, Pa., April 17 /PRNewswire - AsiaNet/ -- Air Products (NYSE: APD) joint venture company in Thailand, Bangkok Industrial Gas Co., Ltd. (BIG), will invest over $50 million in a new air separation facility in Chonburi Industrial Estate, at Bo Win, Chonburi, Thailand, southeast of Bangkok to serve three of the country's leading steel producers. The plant will supply gaseous oxygen, nitrogen and argon to: Nakornthai Strip Mill Public Co. Ltd. for use in the manufacture of hot rolled coil; NTS Steel Group Co. Ltd. for producing steel bar and wire rod; and BNS Steel Group Co. Ltd. for manufacturing deformed bar. The new plant also will have the capacity to supply liquid oxygen, nitrogen, and argon to the rapidly growing merchant market in the Bangkok area. The plant is expected to come on-stream in the summer of 1997.
Commenting on this investment, Luis Urrutia, General Manager of BIG, said, Our plant at Bo Win will serve the largest single on-site/pipeline requirement in the history of the Kingdom, positioning BIG for additional growth in the industrial corridor between and including Bangkok and the Eastern Seaboard.
He added, With the plant in Bo Win and our investments in two other existing major industrial gas facilities in Mab Ta Phut, BIG is in an excellent position to meet future demands for these gases which are growing with the strong expansion of the industrial sector of the Thai economy.
Air Products operates directly or through its joint ventures in nine Asian countries. The company has operations in 30 countries, nearly 15,000 employees worldwide, and annual sales approaching $4 billion.
CONTACT: Elizabeth G. Mitchell of Air Products and Chemicals, 610-481-5302/
ข่าวBangkok Industrial Gas+Air Productsวันนี้
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