Thailand“s Boonrawd Brewery Group has solved its year-long glass bottle shortage through a THB 2.45 billion investment in its subsidiary Bangkok Glass Ltd, it was reported in The Nation.
Bangkok Gla…
Thailand“s Boonrawd Brewery Group has solved its year-long glass bottle shortage through a THB 2.45 billion investment in its subsidiary Bangkok Glass Ltd, it was reported in The Nation. Bangkok Glass“s capacity expansion project won Board of Investment (BoI) incentives on 3 February 2005. The locally-funded investment is intended to give Bangkok Glass a larger capacity than the country“s current leader in glass bottle production, Thai Glass Industry Plc. Industry Minister Pongsak Ruktapongpisal said the BoI granted the incentives to ensure that domestic glass bottle output would meet rising demand. Following the expansion, the output capacity of Bangkok Glass will increase by 144,000 tonnes per annum to 657,000 tonnes, making it the largest Thai glass bottle maker ahead of Thai Glass Industry with 543,000 tonnes a year. Boonrawd Brewery owns 53.6% of Bangkok Glass, which operates a plant in Rayong. According to Pongsak, 60% of the additional output will be in the form of beer bottles and the remainder will be as bottles for energy and soft drinks, brandy and whiskey. Only 10% of the output will be exported. The project won machinery import tariff exemptions as well as a 3-year corporate tax exemption. The combined tax waiver is not supposed to exceed investment value. Boonrawd has suffered from a shortage of glass bottles for a year following the takeover of Thai Glass Industry by Beer Chang Group. In order to take a controlling interest in the glass bottle maker, the group acquired Berli Jucker, the majority shareholder of Thai Glass Industry.