Bangkok--May 4--Siam Paper
Siam Paper Public Company Limited, Thailand’s leader in uncoated woodfree paper, signed the strategic partnership agreement for technological collaboration with Oji Paper (Thailand) Ltd. Oji Paper has acquired 10 million shares of Siam Paper, seeing the good prospects and high potential of PM#A-ONE. Powered by the Italy-made Beloit system, PM#A-ONE will start the new production line in 2006, with the targeted production capacity of 120,000 tones. Through this major contract signing, the two companies aim to produce premium paper, as the replacement of imports and for exports.
“Our PM#A-ONE paper mill facility is ready to start operation and the system trial will be commissioned in the second half of 2005. After that, the light weight uncoated woodfree paper production will commence. Production of coated woodfree paper and other special papers are anticipated to take place next year,” said Dr. Jurirat Unhaka , Chief Executive Officer of Siam Paper Public Company Limited.
PM#A-ONE’s production capacity is expected to reach 120,000 tones per annum. It can produce a wide array of papers and specialty papers including coated woodfree paper A1, light weight coated woodfree containing paper which has not yet been made available in Thailand, non-carbon required base paper and thermal paper. The built-in coater on machine can coat the paper while the paper making system is in process, saving the costs and timing.
Yasuhiro Kii, Managing Director, Oji Paper (Thailand) Ltd. believes in the high efficacy and capability of PM#A-ONE to produce premium paper that is on par with Oji Paper’s quality standards. Oji Paper engineers will work closely with the Siam Paper team to ensure complete system operation and quality production as targeted.
Oji Paper (Thailand) is an affiliate of Oji Paper Japan, the No 1 quality paper manufacturer and distributor in Japan and the top ten paper company in the world.
With a registered capital of 2.5 billion baht, Siam Paper has tendered a request for listing in the Stock Exchange of Thailand. Recently, the company received the CT-TC award in recognition of being the best, highly committed operator who deploys clean technology for efficient management and control of natural resources and environment. Initiated by the Water Quality Bureau, the Pollution Control Department, this outstanding award presentation is as part of the “Community/Enterprise Care for Tha Chin River Phase 2” program. End.