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`No Pay' Thai Debtor Stays Afloat Despite Losing Empire.
Jul. 1--He's a man lenders love to loathe. Many bankers have him on their blacklists and he has been branded by various critics as a borrower who could repay his loans but refuses to do so in the hope of persuading his creditors to make concessions.
But after five of economic turmoil, Sawasdi Horrungruang, once a steel tycoon, is enjoying life although he no longer controls the empire he founded.
NTS Steel Plc, which makes long-shaped steel pieces, used to be one of his flagships. Recently, it sealed an agreement with Siam Cement Group to merge their steel production. The deal was three years in the making.
Under the deal, a new entity, ...
- Thai Cement Firm, NTS Steel Group Seal Merger Deal.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) June 21, 2002 700+ words
...facilities with those of NTS Steel Group, the flagship company...into the newly formed Millennium Steel. With production facilities...Chon Buri and Rayong, Millennium Steel will have a total capacity...executive of Siam Cement said, Millennium Steel would be listed on ...
- Millennium Steel Applies for Listing on Stock Exchange of Thailand.
- Newspaper article from: Knight Ridder/Tribune Business News August 9, 2002 700+ words
...Business News Aug. 9--Millennium Steel Plc has formally applied to...do by taking the place of NTS Steel Group Plc. Millennium Steel was formed in June through a merger between NTS Steel of Sawasdi Horrungruang and...
- Millennium Steel projects robust sales: Plans set for B4bn bond issue in Q3.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) May 13, 2005 700+ words
...next five years. Millennium Steel plans to raise its...quarter of this year. Millennium Steel saw its net profit...melting system at its NTS Steel production facility...million tonnes a year. Millennium Steel shares closed yesterday...
- Millennium Steel to boost output.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 3, 2005 700+ words
Byline: Busrin Treerapongpichit Mar. 3--Millennium Steel Plc (MS), the country's largest maker of construction...million baht to improve the production efficiency of its NTS steel mill which produces high quality wire rods. The improvements...
- Sluggishness of Thai Stock Market Isn't a Handicap for New Listings.
- Newspaper article from: Knight Ridder/Tribune Business News October 8, 2002 700+ words
...million baht, and plans an IPO of 6.375 million shares. - Millennium Steel Plc, a firm formed from the merger of NTS Steel, Siam Steel and Siam Construction Steel. Millennium Steel plans a tender offer for NTS as a first step, and then offer...
- New Thailand Steel Giant Deplores Poor Products, Tardy Rivals.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) October 24, 2002 700+ words
...debt repayments. Millennium Steel Co was established...Construction Steel -- and NTS Steel Plc of Sawasdi Horrungruang...former steel tycoon. Millennium Steel is a holding company...Santi Charnkolrawee, Millennium Steel's president and...
- Thai Steel Company Chief Rejects Demand for Debt-Restructuring Guarantee.
- Newspaper article from: Knight Ridder/Tribune Business News October 5, 2001 700+ words
...the planned merger with NTS Steel will also proceed after...Court order requires NTS Steel to complete the merger...hold up to 50 percent in Millennium Steel Co, a holding company...accommodate the deal. NTS Steel would hold 43 percent...
- Sahaviriya Steel Industries to Increase Output As Prices Rise.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) January 18, 2003 700+ words
...said factors influencing the domestic steel industry this year would include the debut of Millennium Steel Plc, the new joint venture between NTS Steel and the Siam Cement firms, and the resumption of operations by Nakornthai Strip Mill Plc...
Source: HighBeam Research, `No Pay' Thai Debtor Stays Afloat Despite Losing Empire.