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TOC targets 40% revenue growth: Expanded capacity begins to bear fruit.

Bangkok Post (Bangkok, Thailand)

| March 04, 2005 | COPYRIGHT 2005 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

Byline: Yuthana Praiwan

Mar. 4--Thai Olefins Plc (TOC), the upstream petrochemical subsidiary of PTT PLc, has projected at least 40 percent growth in total revenue this year, thanks to the company's expanded capacity and value-added products, according to TOC president Aditheb Bisalbutr.

He said the company's total revenue this year was expected to rise by 10 billion baht from 23.8 billion baht last year. The average olefins price this year was likely to be maintained at around US$900 a tonne, similar to last year. The increased revenue this year would be mainly attributed to capacity expansion.

TOC posted a 6.48-billion-baht net operating ...

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Source: HighBeam Research, TOC targets 40% revenue growth: Expanded capacity begins to bear...