In the next 3 years, Glow will invest over US$1.8 billion (Bt61 billion), which should boost the company's revenue from 2010 onwards, said CEO Peter Termote.
In the first half of this year, Glow's profit was down Bt360 million from the same period last year as it could not adjust power prices to match rising fuel costs.
IVL looks to Spain
IVL, Indorama Polymers' parent company, is in discussions to combine its business with Europe's largest polyester group, La Seda de Barcelona, believing that acquiring the Spanish firm would strengthen margins.
Due to higher polyester demand, Indorama's net profit for the first half of this year rose from Bt302 million to Bt429 million. - The Nation
7-Eleven fast meals
CP All has launched "7-Eleven RTE Food Campaign" to highlight the company's plan to turn its retail network into a convenience-food store chain.
New menus for heavy and light meals are on offer in response to the new lifestyle, as CP All will focus more on ready-to-eat food items. - The Nation
CI boosting exports
CI Group, a manufacturer of parts for air-conditioning, refrigerant and heat/cool exchanger equipment, plans to increase its export proportion to 50 per cent in the second half from 30 per cent.
President Aree Poomsanoh said the company's new production line would also be installed in the last quarter to increase production capacity to 2 billion square inches a year from 1.3 billion square inches a year in response to higher demand. - The Nation
Rayong iron plant
International Casting Products, a wholly-owned subsidiary of Somboon Advance Technology (SAT), has invested in a new iron-casting plant worth Bt1.2 billion at the Amata City Industrial Estate in Rayong.
SAT said in its statement that the new plant will increase revenue to the group by Bt1.47 billion per year and also boost SAT's iron-casting market share. - The Nation
TICON moves assets
Ticon Industrial Connection (TICON), a logistics and warehouses developer, plans to sell properties with a combined worth of Bt2.9 billion to the Ticon Property Fund (TFUND) in November.
Those properties are 40 factories and 10 warehouses. Managing director Virapan Pulges said yesterday that TICON expected the sale would boost the company's revenue to Bt4 billion this year, an increase of 15 per cent from last year. The remainder revenues of approximately Bt1 billion will come from factory and warehouse rentals, management fees and dividend from TFUND. - The Nation