Thai Olefins plans capacity expansion

Thai Olefins PCL has planned a plant expansion to boost olefins production capacity by 250,000 metric tpa, expected to be completed in Q3- 2006. Currently, the company's total olefins capacity stands at 575,000 metric tpa, comprising of approximately 385,000 tons of ethylene and 190,000 tons propylene. Thai Olefins has signed a syndicated loan agreement worth US$75 million with foreign financial institutions for this business expansion.The loan will help the company to manage the foreign exchange risk involved in U.S. dollar investments it will make to expand its plant located on Thailand's east coast.
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