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IVL's plant to resume full production in May
Indorama Ventures, a leading integrated polyester value chain producer, expects its plant in Lop Buri, which was hit by the floods last year, to resume normal operations next month.
The company’s plant to produce polyethylene terephthalate (PET) has partially restarted production. Its packaging arm, Petform, will come on stream shortly. The plant has the capacity to manufacture 178,000 tonnes of bottle-grade PET per year.
– The Nation
Power consumption hits all-time high
Electricity consumption peaked at an all-time high yesterday of 25,178 megawatts at 2.30pm because of the hot weather. It was the fourth time consumption had peaked this year, surpassing Thursday’s 24,882MW, the Electricity Generating Authority of Thailand said yesterday. The average temperature yesterday rose to 37.2 degrees Celsius.
– The Nation
Baht down amid worries over Europe debt crisis
The baht had a weekly decline as concern that Europe’s debt crisis will stall the global economic recovery damped demand for emerging-market assets.
The baht has lost 0.3 per cent this month as exchange data showed global funds sold US$63 million (Bt1.95 billion) more Thai stocks than they bought through April 18. Lingering concerns about the European debt crisis and a slowing US recovery are making it a bit hard to add risk positions, a trader said. – Bloomberg
