Sahaviriya to invest $12.04 billion over 15 years
According to recent news in the market, Thai steel producer Sahaviriya Group, announced it plans to invest Baht 500 billion ($12.04 billion) over the next fifteen years in an iron and steel
production project.
With the hope of turning
Thailand into a net steel exporter from its current status as a net steel importer, the annual capacity of the completed project will be around 30 million tons.
According to Sahaviriya officials, the proposed project will be divided into five phases, with
construction of the first phase to be completed in 2 years at a cost of roughly Baht 80 billion ($1.93 billion) and is expected to produce approximately 5 million tons of steel slabs and billets per year. The company has stated that many local and foreign organizations have already shown interest in supporting the project, and hopes that the government will also support the project.