KEPPEL Integrated Engineering Limited (KIE) has successfully clinched two steel fabrication contracts through a joint venture company in Thailand. The new company, Pan Pacific Engineering & Construction Co, has a paid-up capital of 40 million baht (about HK$12 million). ''Infrastructural development in Bangkok and other parts of Thailand will ensure a continuing demand for structural steel and related products in the years ahead,'' said Mr Toh Siong Hoe, KIE's executive director. ''The combination of Keppel's and expertise in steel structural fabrication and the local marketing and commercial knowledge of the Thai partners will stand Pan Pacific in good stead,'' added Mr Nontasak Naovasaisri, co-owner of Panco Holdings and managing director of Pan Pacific Engineering. KIE holds a 40 per cent stake through its subsidiary Keppel Thailand Investment. Panco Holdings of Thailand owns 49 per cent while Baylic Trading of Singapore has a 9 per cent stake. The remaining two per cent is held by a Thai individual. Pan Pacific Engineering operates out of a two hectare site adjacent to the Sahaisant Shipyard on the outskirts to Bangkok close to the Chao Praya River. Facilities at the site include fully-equipped fabrication slabs, four gantry cranes of up to 10 tonnes lifting capacity and portable shelters for fabrication and welding works. Technical management is provided by Keppel Engineering, the main company in the KIE Group. Baylic Trading Pte Ltd is a Singapore trading company involved in shipchandling.