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MBJ celebrates plant expansion opening ceremony
Volker Trautz, the CEO of
Basell, presided over the MBJ Advanced Polymers’ official opening of
Phase II of its Plant Expansion Program on its manufacturing site at
Eastern Seaboard Industrial Estate (Rayong).
Following the commissioning in 1999 of a 10,000 tons
Polypropylene compounding facility in Rayong Province, which produces
polypropylene compounds ostensibly for the automotive, appliance,
packaging and related industries, MBJ Advanced Polymers Co., Ltd., a
company jointly owned by Basell, the world’s largest producer of
polypropylene and polypropylene compounds and SunAllomer, a major
producer of these products in Japan, announced their 2nd phase expansion
of production capacity to 16,000 tons resulting from growing market
requirements. The expansion phase became ready for commercial production
in August 2002.
PM: Privatization of state enterprises depends on economic prospect
Privatization of state enterprises will be
implemented as planned if the world economic prospect is sound; but if
not, it may be deferred, Prime Minister Thaksin Shinawatra said.
Thaksin told TNA that the privatization of local state enterprises could
be flexible. “If domestic and global economic prospect is sound enough,
the privatization of state enterprises will be carried on as planned;
but if not, each state enterprise could defer its schedule to distribute
new shares in the Stock Exchange of Thailand (SET),” he said.
Thaksin made the remarks when being asked whether the uncertainty in the
Middle East would affect the privatization of local state enterprises.
U.S. President George W. Bush is garnering support from allied countries
for renewed strikes against Iraq to oust Iraqi President Saddam Hussein,
who is allegedly behind a massive accumulation of weapons of mass
destruction.
Analysts said Washington, despite growing opposition locally and
internationally, might launch new air strikes against Baghdad next week
after it reports a need to do so to the U.N. General Assembly in New
York on September 12, according to an evening news report of T.V.
Channel 3 today. (TNA)
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