July 12, 2008
Bangkok - Thai Plastic and Chemicals Plc (TPC) will go ahead with its plan to raise the PVC plastic pellet capacity in Vietnam though Vietnam is facing the economic problem caused by inflation and heavy trade deficit.
TPC will relocate its machineries at Samut Prakan plant to Vietnam at the end of this year.
PVC plastic pellet capacity will be boosted from 100,000 to 190,000 tons per year in 2009.
Plastic pellet market in Vietnam dropped 10-15%. It is expected Vietnam’s growth will be minus 5-8% this year.
To deal with decreasing PVC demand, the company turns to focus on export more.
Its PVC products are exported to Turkey and the Middle East. Exports account for about 30% of the 100,000-ton-per-year capacity.
TPC will invest 1.8 billion baht in boosting its capacity.
It is expected Thailand’s PVC plastic pellet demand will grow 5% this year. PVC price which goes up in line with soaring oil prices remains at 1,200 US dollars per ton.
Thai Plastic and Chemicals (TPC) is a manufacturer and distributor of polyvinyl chloride polymer (PVC) with headquarters in Bangkok.
It is the leading supplier in South East Asia with the largest capacity in this region.
