PDI and DOWA to invest in integrated industrial waste management ​

PDI and DOWA, Japan’s leading industrial waste management business, signed an agreement to jointly invest in PDI Tak Eco Co., Ltd., an integrated industrial waste management project in the Tak Province, PDI will own 51% and DOWA 49%. Today (April 26, 2016, at PDI – Bangkok), Padaeng Industry Public Company Limited (PDI) and DOWA Eco-System Co., Ltd., (a subsidiary of DOWA Holdings Co., Ltd.) signed a Shareholders Agreement (SHA) and Share Purchase Agreement (SPA) to acquire 49% share of PDI Tak Eco Co., Ltd., a wholly-owned subsidiary of PDI. Mr. Arsa Sarasin, Chairman and Mr. Francis Vanbellen, Managing Director of PDI, chaired the signing ceremony; joined by Mr. Kenichi Sasaki, President of DOWA Eco System Co., Ltd. The agreement will enable PDI to invest in integrated industrial waste management in Tak Province, at an initial capital of Baht 10 million. Mr. Vanbellen, said, “With highly-efficient management and safety standards guaranteed by DOWA’s technology and expertise in the field, the project will be able to handle at least 50,000 ton-per-year of industrial waste generated in the Northern and Western regions of Thailand. A major key success factor is the projects site location included in the target locations of the five-year industrial waste management strategic plan (2015-2019) of the Ministry of Industry. In addition, PDI recently signed the Memorandum of Understanding (MOU) with the Department of Industrial Works (DIW) to support the feasibility study of this project. Operations are expected to go life by the end of 2018, with the EHIA permitting process being the critical path on the timeline. General Information Dowa Eco-system Co., Ltd., a subsidiary of DOWA HOLDING Co., Ltd. has started its operations in waste management and recycling business in Southeast Asia since 2009. DOWA Eco-System is now the top-level industrial waste management company with operations in Indonesia, Singapore, Myanmar and Thailand. In Thailand, DOWA Eco-System operates a waste final disposal, incineration and heat recycling facilities in the southern, eastern and central regions of the country. Padaeng Industry Public Company Limited, or PDI, was founded April 10th, 1981 and introduced at the Stock Exchange of Thailand with a registered capital of Baht 2,260 million. The Company has produced high quality zinc for over 30 years. It has specialized in producing special high-grade zinc ingot and zinc alloys used in the galvanizing and die-casting industries. In 2014, PDI reassessed its business structure in anticipation of a shift towards Green Business, with the objective to increase eco-efficiency and to foster sustainable growth. The company is structured around three businesses: PDI Energy – providing energy from renewable resources; PDI Materials – providing added value materials from recycling; and PDI Eco – providing raw materials from waste and eco management of waste.