Aa To Build Bt12-bn Paper Plant

http://nationmultimedia.com/2007/04/20/bus...ss_30032224.php

ADVANCE AGRO

AA to build Bt12-bn paper plant

New facility will lift annual capacity to one million tonnes

Advance Agro will spend Bt12 billion to construct a third paper-making plant with an annual capacity of 420,000 tonnes, increasing the company's production to one million tonnes per year - enough to respond to growing demand in both the local and international markets.

The new plant will be run by the company's 99-per cent-owned subsidiary, Double A Paper. The secretary of Advance Agro's board of directors, Kampon Chayasunthorn, yesterday said the investment had been approved on Wednesday.

The plant will be built on 16.16 hectares of land near the company's existing plant at Prachin Buri.

Last year, Advance Agro recorded revenues of Bt23.4 billion, compared to Bt21 billion in 2005.

Its net profit was Bt1.97 billion, up from Bt1.91 billion the previous year.