Hyundai Heavy Industries, a shipbuilder and an offshore EPIC contractor, has announced the sailing-out of the Bongkot offshore platform for PTT Exploration and Production Public Company Limited of Thailand. Hyundai Heavy won the order to build the USD 1 billion offshore platform in September 2008. The 30,000 ton platform can produce 385 million cubic feet […]
Continue ReadingPTT Group and Mitsubishi Chemical Corp join hands in establishing the first sugar-based bio-plastic manufacturing plant in Thailand, in their bid to become a green plastic producer and turn Thailand into the “bio-hub” of Asia. PTT MCC Biochem Co Ltd is established as a 50:50 joint venture, to produce bio-succinic acid (BSA) and polybutylene succinate […]
Continue ReadingDeal Establishes Framework for Southeast Asian Expansion Sopogy, Inc., the world’s leading developer of micro concentrated solar power (MicroCSP) technologies, and MAI Development Co. Ltd., an established Thai conglomerate focusing on manufacturing, construction, real estate, energy and government services, signed a Memorandum of Understanding (MOU) for the development of an six-megawatt solar power plant in […]
Continue ReadingThe State Railway of Thailand received a warm welcome for its railway extension project in the North when it conducted its first public hearing yesterday in Phrae. The state enterprise introduced its Den Chai-Chiang Rai railway extension project to people in Phrae province. At present, the last stop on the northern route is at Chiang […]
Continue ReadingThe SET-listed contractor Toyo-Thai Corporation (TTCL) has won a 6-billion-baht contract to build the second phase of Lynas Corporation’s rare earth refinery in Malaysia. TTCL will provide engineering, procurement, construction and commissioning assistance in the expansion of the Lynas advanced materials plant in Pahang state’s Gebeng industrial estate. The plant’s first phase is due to […]
Continue ReadingUS$1m-per-MW price includes existing debt Glow Energy Plc, the SET-listed private power producer, will proceed with plans to acquire the Thai unit of England-based Independent Power Corporation (IP) for 7.7 billion baht after Glow shareholders endorsed the acquisition last Friday. Natthapatt Tanboon-ek, Glow’s vice-president for finance and investor relations, said the acquisition of a 100% […]
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Thai wine is gathering growing praise from world-renowned wine experts. Many tourists – including some who sign on as grape pickers – now include vineyards on their list of things to see in Thailand. By Alexander Wischnewski DIE WELT/Worldcrunch “Pungwan! Ya ded a gnun!“ That’s Thai for: “Pungwan! Leave the grapes alone!,“ and it’s what […]
Continue ReadingThailand’s tallest building to-be, the luxury MahaNakhon skyscraper in Bangkok has finally starting piling after a delay in the project timeline. Set to house the Ritz-Carlton luxury residences, Ian Schrager Marriott collaboration for the trendy Edition hotel and commercial/retail space. Pace Development has been under the gun to start work on site and conjecture in […]
Continue ReadingThe South Korean steelmaker Posco Ltd is preparing to purchase additional shares in Thailand’s largest stainless steel maker, Thainox Stainless Plc (INOX) and to make a tender offer for all remaining shares. The shares would be acquired from the family of Prayudh Mahagitsiri, a key financial supporter of the now-defunct Thai Rak Thai party allied […]
Continue ReadingThe Chambers of Commerce of 13 provinces in the North will propose the Bangkok-Chiang Mai and Bangkok-Chiang Rai high-speed train projects to the in-coming government for consideration, Thaweesak Purngworakhun, chairman of Uttaradit Chamber of Commerce, said on Wednesday. The 13 provinces are Mae Hong Son, Chiang Mai, Lamphun, Lampang, Chiang Rai, Phayao, Nan, Phrae, Tak, […]
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