VIETNAM/THAILAND: Srithai eyes shares in Vietnamese plastic plants

The Srithai Superware Group is in talks to acquire major shares in two plastic-product factories in Vietnam. The company's chairman Sanan Angubolkul did not say when the deals might be wrapped up.

Srithai already has a plastic-products factory and a melamine-ware factory in Ho Chi Minh City. A new plastic-products plant in Ho Chi Minh City will be built soon. The company has leased land for its construction. It also has a plant in Hanoi.

Sanan said the company's sales in Vietnam were expected to grow by 18 per cent this year. The Srithai group expects total sales growth of 8 per cent. It set aside an investment budget of Bt900 million this year, of which Bt350 million will be spent on the expansion of the production capacities of plants overseas, and the rest will be spent on product-promotion activities.

Source: Daily “The Nation”, Bangkok; 22 Apr 2016
(Syed Rashid Ali, Karachi, Pakistan)