(GV) -- Thailand's Vinythai Plc plans to invest Bt7.2 bln to build an epichlorohydrin plant in China as part of its drive to double its total annual production capacity of the compound to 200,000 tonnes by mid-2014, board chairman Roger Lester Kearns said.
Vinythai produces and markets a wide range of PVC resins as well as caustic soda for customers across Asia.
Epichlorohydrin is a highly reactive compound used in the production of glycerol, plastics, epoxy glues and resins, and elastomers. Kearns said the plant would use Epicero technology to produce 100,000 tonnes of the compound a year. Investment will be complete by the middle of 2014.
The company spent Bt4.5 billion to build an epichlorohydrin plant with production capacity of 100,000 tonnes a year in Thailand last year. The local plant will start to operate at full capacity in 2013.
Vinythai has a plant at Map Ta Phut in Rayong province. The company recorded total revenue of Bt14.19 billion and net profit of Bt1.9 billion in 2011. In the first half of this year, total revenue was Bt8.2 billion and net profit Bt1.03 billion. Its main income generators are caustic soda, vinyl chloride monomer (VCM) and ethylene dichloride (ECD).
MRC