Local automakers stung

Local carmakers estimate the overtime stoppage begun two weeks ago in the wake of the Japanese disaster has cost them 10,000 vehicles to date, but normal production is expected to resume after next month's Songkran holiday.

STA sales may hit Baht 100 billion

SET-listed Sri Trang Agro-Industry (STA)expects to see its revenue jump by 30-40% to B100b this year from business expansion and an increase in production capacity in all types of rubber products. Kitichai Sincharoenkul, an executive director of STA, the world's largest block rubber distributor, said the company was seeing solid demand in the market driven by strong economic growth in Asia and emerging economies.