Chalybs Cylinders Purchases 70 Rai at Hemaraj’s Eastern Seaboard Industrial Estate (Rayong)

Chalybs Cylinders Limited, a leading high-pressure gas cylinder from Italy recently signed an agreement with Hemaraj Land And Development Plc. to purchase land of 70 rai at Eastern Seaboard Industrial Estate (Rayong) for its first plant in Thailand. The factory will manufacture CNG Cylinders for Natural Gas Vehicles with a capacity of 200,000 cylinders per year, scheduled to commence operation in 2011. The total value of investment is 2 Billion Baht.

In the picture: Mr. Marco Midolo (4th from right), The Counselor of Head of Commercial and Consular Section of Italian Embassy in Thailand and Mr. Sawasdi Horrungruang (4th from left), Chairman of Advisors to the Board of Directors, Hemaraj Land And Development Plc., presided over the signing ceremony. Mr. David Nardone (3rd from left), President & CEO of Hemaraj Land And Development, is seen presenting the land purchase contract to Mr. Lucio Lussu (3rd from right), Chairman of Faber Industrie S.p.a., while Mr. Gian Luigi Cola (2nd from right), Managing Director of Faber Industrie S.p.a., Mr. Guido Degano (1st from right), Project Manager for Thailand of Faber Industrie S.p.a., Mr. Chavalit Sethameteekul (2nd from left), Chairman of the Board and Mr. Vivat Jiratikarnsakul (left), Executive Vice President of Hemaraj Land And Development Plc. look on.