IN BRIEF
Thai Rayong to join $350m plantation
Aditya Birla last week said it was setting up a US$350-million (Bt13.7 billion) project in Laos to raise pulp wood and open a pulp plant for its viscose staple fibre business.
Companies from three countries under the Aditya Birla umbrella are investing in this project as equity holders. They are Grasim Industries Ltd from India, Thai Rayong Plc and PT Indo Bharat Rayon from Indonesia. The project covers two phases - the plantation and the dissolving pulp plant on 50,000 hectares on a 75-year lease. Eucalyptus plantations normally have a growth cycle of seven years. The pulp will be exported to the group's rayon fibre manufacturing units in India, Thailand and Indonesia as well as newer locations. - The Nation. ------------------------------------------------------
Bosch eyes 10 per cent sales growth this year Robert Bosch Ltd forecasts sales to grow 10 per cent this year from Bt3 billion last year. Managing director Paulo Ferreira said last week that the company would display its latest products, including car audio and home equipment as well as security systems, at the Bangkok Motor Show set for March 24 to April 2 at the Bangkok International Trade and Exhibition Centre. - The Nation. ------------------------------------------------------
Buyers lining up for major Spa expo in May More than 150 buyers from 15 countries have confirmed their participation in the Thailand International Spa and Wellness Conference and Exhibition. Vithaya Sintharapantorn, exhibition director of the Thailand Convention and Exhibition Bureau, said last week that the event would provide a unique opportunity for local spa operators to meet and establish networking with prospective purchasers from multinational spa operators and global businessmen. The spa expo will run from May 3-5 at the Queen Sirikit National Convention Centre under the theme "The Best of the East". - The Nation. ------------------------------------------------------
Samart inks POS deal with Bangkok Bank A Samart Telcoms unit on March 1 signed a Bt139-million supply contract with Bangkok Bank. Samart Telcoms executive vice chairman Pairote Varophas said last week that Posnet Co Ltd would deliver Axalto Magic 5100 V3 & Cobra point-of-sale terminals over the April-December period. - The Nation. ------------------------------------------------------
Entrepreneurship in Asia forum at Sasin The Sasin Graduate Institute of Business Administration of Chulalongkorn University will hold an "Entrepreneurship: Engine for Asia's Growth" forum this week. The forum, sponsored by the Stock Exchange of Thailand and Human Capital Alliance Ltd, will be held at the SET Auditorium on Thursday. The event is being held in conjunction with Sasin's ASIA Moot Corp competition, which features students from 20 universities across the region this week. The forum will feature three distinguished overseas guests, who will share their expertise as key speakers. They are: Sing Wang, former CEO of TOM Group Ltd; the Hon Bernard Chan, who is a member of the Hong Kong Special Administrative Region's Government's Executive Council, its Legislative Council, and also president of Asia Financial Group and Asia Insurance; and Kenneth Gaw, the MD of Pioneer Global Group. - The Nation.
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