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  Webpage on Business Opportunities in Thailand February 2008 Vol.3 No.2

Thailand welcomes steel investors


Nippon Steel JFE of Japan and Baosteel Group of China have expressed their interest in investing in upstream steel plants in Thailand, expected to invest Bt100 billion each, according to Board of Investment Secretary-General Satit Chajanavakul.

He expects each to require 5,000-10,000 rai of land to locate their giant plants which should produce at least 4-5 million tonnes of steel a year.

In the press conference on Friday, he admitted that the Eastern Seaboard is rather full and the projects are likely to be located in the Southern Seaboard. The new government will need to find the location the Southern Seaboard, where new industrial plants would be located.

At present, domestic steel demand is estimated at 12.5-13 million tonnes per annum. While 4.5 million tonnes are of premium grade for the automobile, electric, and canned food sectors, the rest are for construction purposes. 

The Nation, 02.02.2008

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