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Thai Plastic, Chemicals Firm Seeks to Buy 1 Percent Stake in Supplier.
Aug. 2--Thai Plastic and Chemicals Plc (TPC) has announced plans to acquire a 1 percent stake in Rayong Olefins Co for 93.6 million baht, saying the move would strengthen its bargaining power in buying ethylene from Rayong Olefins.
TPC, the largest manufacturer of polyvinyl chloride (PVC) in Southeast Asia, currently has a 6 percent stake in Rayong Olefins. It buys around 57,000 tons of ethylene from Rayong Olefins per year, representing 7 percent of the company's total output.
"We needed to have an additional one-percent stake in order to balance our management power in the company," said a TPC executive who asked not to be named.
TPC is now ...
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- Newspaper article from: WWP-Report on Engineering Construct & Plant Operations in the Developing World January 1, 2000 700+ words
PROJECT OVERVIEW The local RAYONG OLEFINS, a subsidiary of SIAM CEMENT, currently operates an ethylene...HDPE) output by some 200,000 mt/y. As a result, RAYONG OLEFINS recently decided to expand its ethylene production by some...
- SOUTHEAST ASIA RAYONG OLEFINS COMES UP; CHANDRA ASRI GOES DOWN.
- Magazine article from: Chemical Week Sikes, Jonathan February 3, 1999 700+ words
Rayong Olefins (ROC) has accelerated production at its plant to about 80% of capacity. The company will conclude its first export transaction...
- Toyo Gets Rayong Olefins Expansion Award.(Brief Article)(Statistical Data...
- Magazine article from: Chemical Week March 29, 2000 700+ words
Toyo Engineering and Mitsui & Co. have secured a contract to expand Rayong Olefins' (ROC) ethylene unit at Map Ta Phut, Thailand. Toyo won an earlier front-end design contract for the expansion (CW, Nov...
- New Thai Unit Depresses Prices.(Rayong Olefins' product prices)
- Magazine article from: Chemical Week Sikes, Jonathan March 10, 1999 700+ words
...BANGKOK) and Thai Olefins (TOC) say they are unwilling to compete with low-priced olefins offered by new producer Rayong Olefins in the Thai market. Since the December startup of Rayong's 600,000-m.t./year plant at Map Ta Phut, domestic...
- Thai Plastic, Chemicals Firm Seeks to Buy 1 Percent Stake in Supplier.
- Newspaper article from: Knight Ridder/Tribune Business News August 2, 2002 700+ words
...plans to acquire a 1 percent stake in Rayong Olefins Co for 93.6 million...currently has a 6 percent stake in Rayong Olefins. It buys around 57...Cement Group, has a 6 percent stake in Rayong Olefins. TPC has factories...
- Dow Sets $120 Million For Thailand PE Plant, Sketches Asian Aims.
- Magazine article from: Chemical Market Reporter December 23, 1996 700+ words
...metric-ton-per-Year cracker owned by Rayong Olefins Co. Ltd. Co-monomer butene will be locally...unit is Siam Polyethylene's aim for a 22 percent stake in the cracker of Rayong Olefins. In addition, Dow has been negotiating for...
- HMC Polymers signs $475 million credit facility.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 7, 2007 700+ words
...while Basell (Thailand) Holding BV holds 28.56 percent. HMC also holds a 2.83 percent stake in PTT Chemical Plc and 14.27 percent in Rayong Olefins Co, another PTT petrochemical subsidiary. To see more of the Bangkok Post, or to...
- Dow, Siam Cement Strengthen Ties
- Magazine article from: Chemical Market Reporter March 3, 1997 700+ words
...feedstock from a 600,000-ton cracker being built nearby by Rayong Olefins Co. Ltd., a multi-party consortium led by Siam Cement, in which Siam Polyethylene will hold a 22 percent stake. The cracker and the polymer facilities are expected on...
Source: HighBeam Research, Thai Plastic, Chemicals Firm Seeks to Buy 1 Percent Stake in Supplier.