UKEM proceeds with investment plan

By The Nation

Union Petrochemical Plc is proceeding with the plan to jointly invest in a chemical solvent plant, despite political uncertainties.

Managing Director Phirachet Suwannaphasri expects the memorandum of understanding to be signed within October of November and the construction would start early next year.

The company maintains revenue target at Bt2.8 billion this year, from Bt2.1 billion last year, though some domestic orders particularly from property developers have disappeared.

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UKEM proceeds with investment plan

Union Petrochemical Plc is proceeding with the plan to jointly invest in a chemical solvent plant, despite political uncertainties.

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