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Thai Steel Firm to Expand Production of Hot-Rolled Coils.

Bangkok Post (Bangkok, Thailand)

| February 01, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Feb. 1--Sahaviriya Steel Industries Plc (SSI) expects to sell hot-rolled coils worth 32.4 billion baht this year, 38.5 percent more than last year, after expanding its production capacity to 2.4 million tonnes from 1.9 million tonnes.

Revealing the target, executive vice-president Win Viriyaprapaikit said the company aimed to boost sales to all customer groups at home and abroad, especially in China where demand had grown sharply. Targetted buyers include cold-rolling mills and vehicle makers.

SSI, Thailand's largest producer of hot-rolled coils, posted revenue of 24.07 billion baht last year, up by 82 percent from 13.18 billion baht in 2001.

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