Thai Tobacco Project Scrapped

Source from:  tr.itsmyiq.com Sep 5, 2007 09/06/2007

Thailand's cabinet formally scrapped a project by the Thailand Tobacco Monopoly to build a new multimillion dollar manufacturing plant in Chiang Mai, reports The Bangkok Post. A barter trade agreement between the Thai and Chinese governments was also scrapped by ministers. The Chiang Mai plant was to be built by the China Yunnan Corporation under a cabinet decision made in 2003. But the project has been plagued by delays and allegations of improprieties. The TTM is now considering building a new plant in Saraburi. Enditem