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31 July 2005

TOYO-THAI RECEIVES ADDITIONAL ORDER FROM BAYER THAI FOR PC DEBOTTLENECKING PROJECT

On August 1, 2005, Toyo-Thai Corporation Ltd. (TTCL) has been awarded a contract by Bayer Thai Co., Ltd. to expand capacity of Polycarbonate (PC) in Bayer&rsquo s Complex in Map Ta Phut, Rayong, Thailand. This is a part of Bayer&rsquo s plan to increase capacity of Polycarbonate to match with the high demand for polycarbonates in global market.

Under the contract, Toyo-Thai will provide lump-sum services for detail design, procurement of equipment and materials, and construction. Project completion is scheduled in the third quarter of 2006.

This contract is awarded to Toyo-Thai based on the excellent track record that Toyo-Thai has with Bayer Thai though Bisphenol-A Project, as well as the positive evaluation placed on Toyo-Thai's technical capabilities, valued engineering and the competitiveness of our prices.

In photo, Executives of both Bayer Thai Co., Ltd. and Toyo-Thai Corporation Ltd. are seen jointly witness in contract signing ceremony.

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