Water Shortage Causes Fall In Petrochemical Output

[george]

Water shortage causes fall in petrochemical output

BANGKOK: -- One of Thailand’s largest conglomerates, the Siam Cement Group has been forced to scale down its production of petrochemicals because of the acute water shortage in the eastern coastal provinces.

The current drought has severely affected the eastern coastal provinces, the country’s industrial hub, including the petrochemical industries.

Factories in the area have been warned to cut production in order to reduce their water use because of the critically low level of water in the local reservoirs.

The Siam Cement Group, a listed company, notified the Stock Exchange of Thailand that water shortages had forced the company to reduce petrochemical production output by 40% from end of June.

The company was trying to find a solution and is discussing the situation with the local authorities. The Siam Cement Group said it would report any progress to SET.

--TNA 2005-06-23

[mnoorsapl]

Water shortage causes fall in petrochemical output 

The Siam Cement Group, a listed company, notified the Stock Exchange of Thailand that water shortages had forced the company to reduce petrochemical production output by 40% from end of June.

--TNA 2005-06-23

<{POST_SNAPBACK}>

This should generate some interest in SET. Any news ?

[chownah]

Water shortage causes fall in petrochemical output 

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The Siam Cement Group, a listed company, notified the Stock Exchange of Thailand that water shortages had forced the company to reduce petrochemical production output by 40% from end of June.

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<{POST_SNAPBACK}>

Does this mean that production has been reduced since the end of last June? or will it start at the end of this June? I don't understand.

[Sphere]

A serious shortage of plastic resin is foretold because most producers are located on the Eastern Seaboard (once a mecca for tax incentives).

This shall have a direct effect on all industry (including automobiles & the tech sector) that contributes substantially to export receipts. It may have an adverse effect on the deficit as well as the Baht! Neglecting key issues such as water supply and pursuing populist projects does have some pitfalls.