Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Thailand  News  >>   Investment  >>   Nippon Steel to make Thai investment
NEWS UPDATES Asean Affairs        5  April 2011

Nippon Steel to make Thai investment

Related Stories

March 29, 2011
Thai polyester producer plans new Indo investment

March 18, 2011
Indonesia could reach investment grade in a year

March 15, 2011
Japanese investment will continue in Indonesia

Nippon Steel Corp, Japan's largest steelmaker, will invest US$300 million (9.07 billion baht) to build a plant in Thailand to produce high-grade steel for the automobile and electrical appliance industries.

The plant will be located next to the Siam United Steel (SUS) plant in Rayong in which Nippon Steel is a major shareholder. With annual production capacity of 360,000 million tonnes of galvanized steel, the facility plans to be operational in 2013.

SUS owns an area of about 250 rai in Rayong, of which slightly more than 100 rai have been used by the existing plant that produces cold-rolled steel sheets, said Payungsak Chartsutipol, a former executive vice-president of SUS and now the company's adviser.

"This is to serve a sharp rise in steel demand from the automotive sector, projected to jump from 1.8 million units this year to 2.5 million in three to five years," said Mr Payungsak.

About half of the cold-rolled steel required for the Nippon Steel plant will be supplied by SUS and the balance will be imported from Japan, he added.

Wikrom Vajragupta, president of the Iron and Steel Institute of Thailand, said Nippon Steel and its competitors were eyeing Thailand's galvanized steel annual consumption of 800,000-900,000 tonnes.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code



 
Today's  Stories    5  April 2011 Subsribe Now !
• Beef Processors Say Import Cuts Could Shut Them Down Subcribe: Asean Affairs Global Magazine
• US companies eye Indo infrastructure investment Asean Affairs Premium
• Malaysia -London exchanges in talks
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

 
• Phil. renewable energy developers criticize delay
• ADB to increase Philippines lending

• Nippon Steel to make Thai investment

• Financial cooperation a must for Asean  

• US solar firm sells Vietnam on solar p

Asean Analysis    April 2011

Advertise Your Brand

• Asean bourse integration proceeds at rapid pace

Sponsor Our Events

Asean Stock Watch    April 2011

p

• Asean Market Outlook

p

Global News Impacting Asia    17 November 2010

p

• Bank of America sees Asian inflation

p

• Lloyd’s increases insurance push in Malaysia

p

• Wells Fargo analyst on euro

p

• Obama’s visit to Asia

p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com