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(From Thai Press Reports)
Section: Corporate News - National Petrochemical Plc (NPC), one of the country's largest petrochemical companies, said yesterday it will spend up to $400 million to double existing capacity in anticipation of increased demand from China.
"Demand from China is strong and has helped push petrochemical prices higher," company president Viroj Mavichak said yesterday.
Although he declined to give details on where the funds for the investment will come from, the company's major shareholders, including PTT Plc (38 percent) and Siam Cement Plc (about 25 percent), have expressed their support for the company's efforts to expand …