03 June 1996 00:00 [Source: ACN]
Thai Shinkong Industry (TSI) said it will seek listing on the Stock Exchange of Thailand in the near future to mobilise additional funds for expansion. The company declined to elaborate. It recently announced its plan to build a PET facility with a capacity of about 100 000 tonne/year. The plant at Mab Ta Phut, Rayong, is expected to start up in mid-1997. TSI is 90% owned by Taipei-based Shinkong Synthetic Fibres Corp and 10% by the Opaswongse family (ACN 23 June p22).
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