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Asian Steel Firm Ups Output Amid Falling Prices.
Byline: Nareerat Wiriyapong
May 12--Thainox Steel, the largest stainless steel manufacturer in Southeast Asia, expects to boost output this year and consequently increase profits in a period when stainless steel prices are declining.
After beginning manufacturing operations in 1996, Thainox, 94 percent owned by France-based Arcelor, recorded its first profit last year, said chief executive Jean-Paul Thevenin.
He said output at its plant in Rayong was expected to reach at least 160,000 tonnes this year, up 10,000 tonnes from last year, adding that the increased production was in line with the growing domestic demand for stainless steel, which has ...
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