ALphacast Co., Ltd., an automobile parts maker, will list its commons stock in an IPO on the Stock Exchange of Thailand in 2009, according to president Wen Ei Haung.

Mr. Haung said that the listing is part of its effort to raise fresh infusion for expansions of its production capacity and acquiring new machines.

Philips (Thailand) Plc has been appointed as financial advisor for the listing.

Alphacast expects to grow between 15 and 20 per cent in 2008 against the last year’s turn over of 1.37 billion baht. The company reported 2007 net profit of 86 million baht and P/E ratio of 0.7 times.

“Alphacast plans to float around 110 to 130 million shares or approximately 25 to 30 per cent of its registered capital of 320 million baht. The filing is expected in the second quarter of 2009 and shares will be able to trade on the SET later of the year,” said Mr. Mana Toveera, Philip Thailand’s investment banking manager.