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30 June 2005

TOYO-THAI AWARDED CONTRACT TO BUILD BAYER THAI’S BISPHENOL-A DEBOTTLENECKING PROJECT

On July 1, 2005 Toyo-Thai Corporation Ltd. received an order for a project to expand the capacity of Bisphenol-A Plant for Bayer Thai Co., Ltd. This existing Bisphenol-A Plant, located in Map Ta Phut, Thailand, was successfully built by Toyo-Thai in 2001. For this Debottlenecking project, Toyo-Thai&rsquo s scope of work extends from Engineering, Procurement and Construction for this project which is scheduled to be completed by July 2006.

The client's appreciation of Toyo-Thai's capabilities already evidenced through several projects including existing Bisphenol-A Plant, their cost competitiveness, and their technological capabilities have led Toyo-Thai to win this project. Toyo-Thai will intensify its marketing efforts toward winning the petrochemical projects in Thailand.

As shown in photo, Mr. Stefaan De Vos, Site Manager of Bayer Thai Co., Ltd., (third left) was shaking hand with Mr. H. Iriya, President & CEO of Toyo-Thai Corporation Ltd. (third right) at the signing ceremony, witnessed by executives from both companies.

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