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Home Steel News Sahaviriya Steel Industries may expand overseas
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Sahaviriya Steel Industries may expand overseas

9 Feb 2010 16:52 reported by Ellen Huang

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Thailand Sahaviriya Steel Industries Plc (SSI) is studying a plan to acquire shares of upstream steel plants and mines, or build its own Greenfield plants in other ASEAN countries to secure raw material supply as building an upstream steel plan in Thailand is dimming.

Sahaviriya Group has been attempting for seven years to develop a THB 500 billion steel smelter. However, strong opposition from environmental activists and residents of Prachuap Khiri Khan have now made them to turn to other solution.

The expanded ADEAN Free Trade across ASEAN markets with lower or zero tariff imposition and the current financial environment with lower interests rate have made the plan more viable at moment with a lower cost.

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