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Home Steel News Sahaviriya Steel Plans to build iron smelter
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Sahaviriya Steel Plans to build iron smelter

13 Aug 2008 14:37 reported by Jessica Tai

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Sahaviriya Steel Industries Plc (SSI), the Thailand's largest steel maker, plans to develop a gigantic iron smelting complex.

"We are aiming at investing in ore mining, pushing our 500-billion-baht smelting project to start as soon as possible, and a steel production plant overseas also is in our sights." said chief executive Wit Wiriyaprapaikit.

The company expects to be "the region's largest integrated steel producer" through the investment, and is always looking to strengthen its negotiating power with global steel giants.

The smelting project has been delayed by two years due to opposition by activists and local communities. In the first stage, the company will produce 33 million tons of steel and is expected to be completed in 15 years.

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