Oct 26 2013, 3:19am CDT | by PR.com
Barcelona, Spain, October 26, 2013 --(PR.com)-- Asia Pacific Investment House (APIH) confirmed early indications are looking positive for the 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) 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 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.
For Media Enquiries contact:
PR & Communications Manager
Asia Pacific Investment House
Tel: +34 666 669 160
Asia Pacific Investment House (APIH)
+34 666 669 160
Contact via Email
Read the full story here: http://www.pr.com/press-release/523845
Press Release Distributed by PR.com
blog comments powered by Disqus