MEDIA RELEASE PR37083
PTT Chemical and SMC to Join Together for Developing Thailand's Plastic Industry Through a
Strategic Network
BANGKOK, Nov. 13 /InfoQuest-AsiaNet/ --
Mr. Veerasak Kositpaisal, President & CEO of PTT Chemical Plc., and Mr. Anuchit Boonthong, Chairman of
SMC Corporation Limited, signed the Memorandum of Understanding to initiate a mutual co-operation on the
development and support of Thailand's blow molding industry. The two companies intend to increase the
strength and potential of Thai plastic manufacturers in terms of capability to better respond to current market
needs and to successfully compete in the global market.
The signing of MOU reaffirms PTT Chemical strong commitment to work together with entrepreneurs and
customers to strengthen the capacity of Thailand's plastic industry. It also marks the company's determination
to build a solid strategic business network and partnership among entrepreneurs linked to Value Chain of the
plastic industry, which ranges from material manufacturers and machinery producers to end-users. For SMC,
the country's leading blow molding machinery manufacturer and vendor serving customers in over 40
countries worldwide, it will also strive to invent new technology and innovative production which allow it to
react and adapt to an ever-changing market. The improvement of products and services would be mainly
driven by market demands.
PTT Chemical and SMC have realized the value of partnership among related businesses where synergy
and collaboration is required to reinforce the business efficiency. The development of technology, product and
service, and distribution channel that aligns with the emerging consumer demands would also bring the
highest benefit to the consumers and the country's plastic industry.
Taking a role of solution provider for the customers ranging from manufacturers to end-users, PTT
Chemical, is now ready to team up with entrepreneurs, customers, and those who are interested, to lift up
Thailand's plastic industry. PTT Chemical Plc is Thailand's leading petrochemical and plastic resins
manufacturer with the Olefins production capacity of 1.8 million tons per year and the HDPE production
capacity of 800,000 tons per year. In the fourth quarter of 2009 to early 2010, the company will start a
commercial operation of its LLDPE and LDPE plants which will give a production capacity of 400,000 tons per
year and 300,000 tons per year, respectively. With the new products soon to be launched to the market the
company aims to offer more solutions as well as complete services to the market.
For more information, please contact Public Relations Division :
Ms. Nichapa Charuskraisorn
Tel. (+66)22658633
E-mail : nichapa.c@pttchemgroup.com
Ms. Sahasaya Panichapong
Tel. (+66)22658436
E-mail : sahasaya.p@pttchemgroup.com
SOURCE: PTT Chemical
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