TOYO and Toyo-Thai Jointly Awarded Large Ethylene Plant in ThailandOct. 2, 2006

Toyo Engineering Corporation (TOYO) and Toyo Thai Corporation Ltd. (Toyo-Thai) have respectively received the Supply Contract (offshore service contract) and the Supply and Construction Contract (onshore service contract) on a lump sum basis for the gas base ethylene plant with a capacity of 1,000,000 tons per year for PTT Polyethylene Company Ltd. (PTTPE) at Map Ta Phut, Rayong in Thailand. The plant is scheduled to be completed by the end of October 2009. This world-biggest-scale ethylene plant based on ABB Lummus Global technology will be the largest ethylene plant in Thailand. The ethylene produced by this plant will be the feedstock of polyethylene plants of PTTPE to be constructed concurrently.

This is the "Global Toyo"(*) project which TOYO undertaking the offshore supply works and Toyo-Thai undertaking onshore supply and construction works will closely coordinate the total project works until completion of the project. This is TOYO's 39th ethylene complex project in the world and 3rd ethylene complex project in Thailand.

(*) Global Toyo: The structure in which Toyo group companies operate harmoniously both the integrated business across individual company's boarder and the autonomous business within its border.
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