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Thai industrial park operator Rojana Industrial Park is joining forces with US based Evlomo to build an electric vehicle (EV) battery production plant in Chonburi, just east of Bangkok. The two partners planned to invest just over US$1bn with the Thai listed company taking a 55% stake and Florida-based Evlomo owning the remaining 45%. The plant, to be built in Nong Yai district, would ultimately have a production capacity of 8 gigawatt hours (GWh) of batteries and is expected to create some 3,000 jobs. The plan would supply manufacturers of electric and hybrid-powered passenger and commercial...

Royal Group – Cambodia’s leading investment and development conglomerate – has signed a memorandum of understanding (MoU) with international oil and retail company PTT (Cambodia) Limited (PTTCL) in a move that will strengthen its business operations throughout the Kingdom.

The Stock Exchange of Thailand (SET) will list PTT Oil and Retail Business plc, a leading fuel retailer and retail business operator, on February 11, under the ticker symbol "OR". The company has a market capitalization at its initial public offering (IPO) of THB 208.98 billion (approx. USD 6.9 billion). SET Senior Executive Vice President Manpong Senanarong said that OR would list and start trading on SET in Resources industry group, Energy & Utilities sector. OR is PTT Group's flagship company in operating oil and retail business locally and internationally, making a mark as leader in both ...

Message : Required fields BANGKOK (Reuters) - Shares in Thailand's PTT Oil and Retail Business Pcl on Thursday opened nearly 50% above the initial public offer (IPO) price, in one of the country's largest listings this year. PTT Oil and Retail Business is a unit of state-owned oil and gas giant PTT Pcl and its shares reached nearly 27 baht, or 50% above the top-end of its IPO price of 18 baht, compared with an overall 0.7% decline in the index. "Shares were oversubscribed by many times and above expectations... with over 530,000 retail investors," chief executive Jiraporn Kaosawad said at...