New capacity boosts Rich Asia Steel

The company has installed new machines, which can increase its capacity from 125,000 tonnes to 215,000 tonnes a year.

It should earn Bt3 billion this year from the additional capacity, it said.

Huawei contracts

China's telecom equipment supplier Huawei Technologies yesterday said it had won 14 contracts to provide High Speed Access Packet-based 3G mobile broadband technology networks in the first quarter.

   This will boost its number of contracts to more than 100, it said.

Innovex debt deal

Bank of Ayudhya and TMB Bank have given written confirmation of their approval to restructure Innovex's long-term debt, the company said recently.

   Innovex is a major manufacturer of high-density flexible circuit-based electronic solutions.

   The debt-restructuring is subjected to negotiation, which the company expects to complete in the current quarter.

   "We are very pleased with the support we have received from our banking partners in providing working capital to aid us in working through this transition period," said Randy Acres, Innovex's chief financial officer.