Vinythai to acquire assets of rival PVC producer

29-Aug-07

In a bid to facilitate capacity expansion, Thailand's second largest polyvinyl chloride (PVC) producer - Vinythai PCL plans to buy assets of smaller rival APEX Petrochemical Co. for 3.25 billion baht ($94 million) to expand capacity. The purchase, which would include a factory and machines, would raise Vinythai's PVC annual capacity to 330,000 tons from 210,000 tons. Vinythai plans to seek loans to finance the purchase, expected to be completed by the end of Q3-2007.