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Bangkok Post

Business

SAF Special Steel preps for MAI listing

MAI Thailand IPO Russia

Steel rods at a construction site in Bangkok. Steel is among the raw materials experiencing price hikes, following the eruption of the Russia-Ukraine conflict.

SAF Special Steel Plc, a distributor of premium steel in Thailand, is pushing ahead with its plan for an initial public offering (IPO) on the Market for Alternative Investment (MAI), as the company aims to expand its business domestically.

Money from the sale of shares will be spent to support the development of a new steel and iron warehouse, new machinery and equipment, and the purchase of a modern computerised nitriding furnace, said Pisit Ariyadejwanich, chief executive of SAF Special Steel.

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