The Board of Directors of the International Engineering Public Company Limited or IEC has approved the investment projects Waste Recycling Plastic in Chachangsao province with total investment of 663 million baht.
On April 2, 2015, the Board of Directors of the International Engineering Public Company Limited or IEC has approved the investment of projects as Waste Recycling Plastic which, led by plastic waste contaminated processed into plastic polyethylene and will export to South Korea with the capacity of 100 tons per day. It is expected to be commercial operation in 2015, and the Internal Rate of Return (IRR) 18%, and payback period within 3.5 years
The material of plastic waste that is derived from On-Nut area, Phra Khanong, Bangkok which IEC has contracts plastic waste from landfill as such
According to the investment of Waste Recycling Plastic Project is consistent with the strategic plan and business operations of the IEC that focus on investing in renewable energy. Such project will benefit the community and the environment. This project is a project that reduces the amount of waste and. It also received support from the government investment promotion from the Board of Investment (BOI).
Source: IEC Investor Relations 07/04/15