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Toyo Seikan seeks greener production

Japan's Toyo Seikan Kaisha has introduced an energy-saving production line at its Thai subsidiary and is looking to have the effort recognised as a Clean Development Mechanism (CDM) under the Kyoto Protocol, reports The Nikkei.

Published on December 18, 2007

The new line was installed at a cost of 3 billion (Bt889 million) in a plant in northern Bangkok that makes 330ml cans for local beer companies. Completed in mid-November, it has an annual production capacity of 500 million cans but is expected to produce 260 million cans per year for the time being.

The amount of electricity and natural gas consumed by the new line was reduced by changing the method of applying resin lining to the inside of the cans. Annual carbon dioxide emissions will be cut by 1,800 tonnes.

Investment expo

At least 15,000 delegates and visitors are expected at the two-day ATIC@Bangkok convention when experts will provide information to investors about stocks, foreign exchange, derivatives and mutual funds.

NextView has joined major brokers to arrange the event from January 12-13 at the Queen Sirikit National Convention Centre. The convention, with the theme "Empowering Thai Investors with Investment Knowledge", is expected to boost the investment atmosphere after the general election.

The event will comprise seminar and plaza zones. The plaza zone will feature exhibition booths of financial institutions and organisations, while the seminar zone will cover more than 40 investment topics.

Asian growth to slow

Fitch Ratings says economic growth is forecast to slow across much of emerging Asia next year, while mounting upward pressure on prices raises the risk of higher average inflation rates.

Regional GDP growth is forecast to decline to 7.7 per cent next year, from 8.7 per cent this year, but inflation is projected to increase from 4.3 per cent to 4.8 per cent.

"The weaker growth outlook affects most countries in emerging Asia, including China, India and Vietnam, which have led the region in recent years," said James McCormack, head of Asia sovereigns at Fitch.

As notable exceptions, however, the agency expects growth in Indonesia to hold up, based on strong domestic demand and a modest economic recovery in Thailand following the return of a democratically elected government.

In a special report entitled "Emerging Asia 2008 Outlook", Fitch said greater openness to trade and investment flows implied regional economies were increasingly affected by global developments and investor sentiment. The Nation


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