The company told the Stock Exchange of Thailand yesterday that the cost would be met from its own cash flow.

The expansion will increase Vinythai's total annual PVC production capacity to 280,000 tonnes. - The Nation.

Winning tanks

A team of Bangkok University students took first place in the national business-planning contest, Moot Biz 2006, with a plan to produce cheaper tanks for natural gas in vehicles than those currently imported.

The tanks would be made of high-density polyethylene plastic and fibreglass pass current safety tests. Weighing 47 kilograms, they could hold 70 litres of natural gas. Each tank would cost Bt20,000, or half the price of imported tanks, said Pisit Lee-ahtam, chairman of the Moot Biz 2006 judges.

The winners will receive Bt200,000 in prize money. - The Nation.

Diana store sold

The major shareholders in Diana Department Store Plc will sell a combined 9.8 million shares, or 75.38 per cent of the company, to Jrarat Pingclasai, who currently has no relationship with the company.

The group of sellers includes Thayanee Co Ltd, Phithan Panich Co Ltd, the Chantrasmi family and other minority shareholders, Diana Department Store told the Stock Exchange of Thailand.

The shares were sold for Bt4.08 apiece. - The Nation.

Baltic business

The Board of Investment will host a free talk on May 4 on trade and investment opportunities in Lithuania, with representatives from the Lithuania Development Agency.

The talk will focus on the legal framework in the Eastern European country, as the board is vying for investment in its plastics, rubber and electronics industries. Seats can be reserved at (02) 537-8111 ext 2083. - The Nation.