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Article: Thailand: VNT plans new plant worth B8bn.
- Article from:
- TendersInfo
- Article date:
- September 29, 2009
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The SET-listed vinyl and chlor-alkali producer Vinythai Plc (VNT) will invest 8 billion baht to build a epichlorohydrin plant in Rayong following its acquisition of Solvay Biochemical Thailand Co (SBT).
The company's board has approved the buyout of SBT, the Thai unit of the Belgium-based Solvay group, in a deal worth 360 million baht, said Varaiporn Piphitpattanaprapt, vice-president for finance and accounting.
The acquisition would strengthen Vinythai's position in the business of environmentally friendly chemical compounds, she said.
The epichlorohydrin project was formerly planned by SBT but little work had been done. Vinythai will take over ...