PTT Asahi Chemical purchased 120 Rai of Land in Hemaraj Eastern Industrial Estate (Map Ta Phut)

Dr. Pailin Chuchottaworn (the 4th from left), President of PTT Asahi Chemical Company Limited (PTTAC), and Mr. David Nardone (the 4th from right), President & CEO of Hemaraj Land And Development Plc. have signed the Land Purchase Contract for 120 rai of land in Hemaraj Eastern Industrial Estate (Map Ta Phut). The purchased land is for the construction of petrochemicals plants producing Acrylonitrile (AN), Methyl Methacrylate (MMA) and Polymethyl Methacrylate (PMMA). The operation is planned to commercially run in 2010.

PTT Asahi Chemical Co., Ltd. is a joint venture between PTT Public Company Limited and 2 leading Japan-based chemical companies, Asahi Kasei Chemical Corporation and Marubeni Corporation. PTTAC will produce AN, a raw material for producing fabric, carpet and electronic parts. In addition, PTTAC is set in order to prepare, operate and finalize all crucial fundamental assignment of establishing MMA and PMMA plants for producing enduring and translucent plastic such as tail-light for cars, LCD screen for mobile and computer, etc.

In the photograph: Dr. Prajya Phinyawat (the middle), Senior Executive Vice President, Petrochemicals & Refining Business Group, PTT Public Company Limited, chaired the contract signing ceremony between Dr. Pailin Chuchottaworn (the 4th from left), President of PTT Asahi Chemical Company Limited and Mr. David Nardone (the 4th from right), President & CEO of Hemaraj Land And Development Plc.