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Showing posts with label Thailand. Show all posts
Showing posts with label Thailand. Show all posts

March 29, 2011

SSI hatches long-term multinational scheme

MIDDLESBROUGH : Sahaviriya Group of Companies, Thailand's largest steel maker, is planning to invest more in steel overseas, while looking to invest in iron ore mining after acquiring an English steel blast furnace company."If we were successful in developing a smelting plant in Thailand, we would have focused on local projects and never would have made this move. It was a turning point," said Win Viriyaprapaikit, president of Sahaviriya Steel Industries (SSI), the SET-listed hot-rolled coil steel maker founded by his family.

The group struggled in the past as its planned smelting plant worth 500 billion baht stalled after protests by environmentalists and community leaders at Bang Saphan in Prachuap Khiri Khan.