10/17/2012

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THAILAND: Three sites studied for specialised plastics industrial park


The candidate sites are in Rayong and Chon Buri. The authority is also studying a plan to invest in a research-and-development centre for plastic products to be housed on the special estate.

Of the total investment, Bt768 million would be spent on land, Bt1.128 billion on production infrastructure and the remainder on the construction of 20 buildings.

Industry permanent secretary Witoon Simachokedee said that the IEAT would focus more on the form that the investment in setting up the Plastic Park would take than on who the priority investors would be.

The potential sites in Rayong and Chon Buri are close to supplies of raw materials.

"We hope that the Plastic Park will create product value and upgrade Thai plastic products," said Witoon.

IEAT's study shows that the Plastic Park should be located on 1,280 rai (205 hectares). There are three industrial estates under IEAT's management that have available space and are near supply sources: Ban Bueng Industrial Estate, Chon Buri; CP Industrial Estate in Rayong; and
Rayong Industrial Estate (Ban Khai).

IEAT has considered in detail a plan involving several companies including Petroleum Institute of Thailand, PTT Global Chemical, SCG Chemical, Nava Plastic Industry, IRPC and Vinythai. They suggested that such an industrial estate should be set up near port and raw-material sources to facilitate exports. However, the government should survey demand among small and medium-sized manufacturers too to attract them to invest in the estate, the agency believes.

Space on the special estate could serve 100 small or medium-sized plastic manufacturers to set up a plant there with an estimated investment of Bt20 billion, employing 10,000 workers. If the plan is
successful, it will increase revenue for the industry by Bt20 billion and boost demand for plastic pellets by 200,000 tonnes, according to the IEAT.

Last year, Thailand imported |plastic pellets worth Bt300 billion, while the export value of plastic pellets and plastic products reached Bt450 billion.

Source: Daily "The Nation", Bangkok; 17 Oct 2012

(Syed Rashid Ali, Karachi, Pakistan)

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