Bangkok--26 Sep--PTT Phenol
Today, Prasert Bunsumpun, President PTT PLC, presides over the loan signing ceremony between PTT Phenol Company Limited and banking syndicates consisting of Krungthai Bank PLC, Siam Commercial Bank PLC, Bangkok Bank PLC, Thai Military Bank PLC and Government Savings Bank for Thailand first Phenol plant. The 13 year 8.32 Billion Baht loan is designed to fund both the construction and operations of the 200,000 tons per annum Phenol plant. This will be Thailand's first Phenol and Acetone production facilities which will serve to reduce the country's dependency on both Phenol and Acetone import at an estimated value of over 5 Billion Baht per annum. Furthermore, this first Phenol plant will be a stepping stone for the PTT Group in entering into the higher value added, Engineering Plastic business in Bisphenol-A and Polycarbonate. Polycarbonate is a specialty plastic that is prevalently used in the automotive industry, as component of electrical appliances, and more commonly in the manufacturing process of DVD, VCD, and CD.
For more information please contact:
Public Relation
PTT Phenol Company Limited
Tel : 02-273-8800 Ext 8890
Fax : 02-273-8805