PRZOOM - /newswire/ -
Singapore, Spain, 2013/10/24 - With local steel production only 30% of demand in Thailand, Long Luck Steel Manufacturing Mill in Bangkok intend to fill the gap in the supply chain - APIH.asia.
Asia Pacific Investment House (APIH) confirmed early indications are looking positive for newly announced direct investment opportunity for The Long Luck Steel Manufacturing Mill in Bangkok.
The Steel Mill will be located across forty acres of Industrial Estate in the Samutsakorn District, Zone 1 Bangkok. Producing, selling and distributing steel billets & steel wire rod, the Mill’s annual production output projection is of 380,000 tons. Creating approximately 300 local jobs over 3 years, it will provide crucial sustainable employment and is expected to be fully operational mid 2014.
According to the Iron and Steel Institute of Thailand (ISIT), compared to its ASEAN partners, Thailand has the largest steel market in the region. Having a strong positive correlation with economic growth, its apparent steel use has increased. Sectors ranging from construction and automotive to electrical appliances all involve steel products yet there is a shortage of supply. With local production only approximately 30% of demand, Thailand currently relies on exports potentially risking the quality and security of the supply chain.
Indeed, such is the demand for locally produced steel that the Long Luck Steel Mill already has a buyer looking to purchase a minimum of 50% of the yearly total output produced.
With an extensive business network, having been successfully manufacturing in the region since 1998, Long Luck Group Founder & Director Mr. Wuttichot Hirunsearetumrong said,“Our vision is to move towards fulfilling the demand for locally produced Steel and in turn fill the gap in the supply chain”.
Asia Pacific Investment House (APIH.asia) is a leading Venture Capital company, registered in the off-shore regime of the British Virgin Islands, with its Operating HQ in Singapore’s financial district. With a substantial and diverse global client base APIH (apih.asia) provides funding across a wide range of sectors including though not limited to; Manufacturing, Tourism and Leisure, Renewable Energy, Construction, Tourism and Leisure, Airlines and Infrastructure Development. Providing Project Funding, Turnkey Consultancy Services and Project Investment Opportunities, APIH lays the vital foundations necessary to commence a successful capital raising process. To further consolidate its European activities, APIH is partnered with Santos Vanderbilt, a specialist Investment Marketing Centre located in Barcelona, Spain.