Thursday, March 27, 2008

Ube's Thai unit plans US$117 mln capacity expansion

Thai unit of Japan's Ube Industries plans to spend 3.7 bln baht (US$117 mln) over the next 2-3 years for capacity expansion. Ube plans to build another nylon plant in Thailand- its second, at a cost of 1.4 bln baht. Construction of the plant is expected to be completed in October 2009, and will raise the company's capacity to 75,000 tpa from 25,000 tpa. Ube's Thai unit also plans to spend 800 mln baht to expand caprolactam capacity to 130,000 tpa from 110,000 tpa and by 2010.

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