F&N Holdings: Thai JV to make 70,000 tonnes of glass a year

A new plant for Siam Malaya Glass (Thailand) Co Ltd., a container glass joint venture involving F&N Holdings Bhd, is expected to be ready by August 2007.
The plant, located in Saraburi Province, 80 k…

A new plant for Siam Malaya Glass (Thailand) Co Ltd., a container glass joint venture involving F&N Holdings Bhd, is expected to be ready by August 2007. The plant, located in Saraburi Province, 80 kilometres north of Bangkok, will have a production capacity of 70,000 tonnes of glass containers per annum. F&N“s glass group general manager Mogan Muniandy said the present site could easily accommodate production of up to 210,000 tonnes of glass containers a year. Siam Malaya Glass is 70% owned by F&N“s subsidiary, Malaya Glass Products Sdn Bhd, with 20% held by Thai Asia Pacific Brewery Co Ltd and the remaining 10% by Siam Glass Industry Co Ltd. “The Thai plant will lift our total annual production capacity to 370,000 tonnes,” Mogan said in a statement on 1 March 2006. “This opens a new chapter for our glass group by making it the only regional manufacturer of glass containers with five plants in four East Asian countries capable of meeting multinational customers“ demand for product from multiple sources”, he said. Mogan said the beginning of production at the Thai plant in October 2007 is expected to add value to the group“s top and bottom line. He said construction and civil engineering work for the MYR 136 million project were on schedule for completion by January 2007, followed by installation of a furnace and related equipment, mainly imported from Europe.