Bangkok--Dec 24--Siam PR. Consultant
Company expects greater performance in 2005 following increase in works from government sector, retail sales from Kan Yong Home Store and launch of auto clave
Chonburi Concrete Product PLC Group or CCP, manufacturer of mixed concrete products, is looking to expand its business further in both government and private sectors as in early 2005, the firm is scheduled to open 2 new outlets of Kan Yong Home Store — center of construction and home decoration products and launch production line of auto clave
Pratheep Theepakornsukkasem, Chairman of the Board & President of Chonburi Concrete Product PLC (CCP), disclosed that the performance of the company during the third quarters of 2004 was impressive with net profit of 42 million baht, up 33% over the same period a year ago due to vast project expansion in both government and private sectors. These major contributors to the rising sales included Suwannpum Airport Project, S-1 Expressway Project, BMA 2 Project in Dindaeng, electrical tunnel in Pattaya, Eastern Seaboard Project in Rayong, aircraft repair hangar and a project at Bridgestone.
“In 2005, the country’s construction industry is expected grow according to the government economic policy. An example is the water transport network that the government provides support to, which includes 6 new seaports in Laem Chabang. These new seaports are intended to help boost Thailand’s potential as sea transport hub of Asia. As for land transport, the government is a policy to expand the network to cover Bangkok’s business districts with 4 main transport routes. Suwannapum Airport on the other hand is part of the government initiatives to provide better air transport facility for the South East Asia,” he explained.
According to a research by Kasikornbank Research Institute, Thailand will see up to 685,000 million baht in total construction in 2005, up as much as 100,000 million baht from 2004. Investments in large projects by the government encourage related investments on the part of the private sector producing a chain of economic movements favorable to various industries including construction and selling of construction materials over the next 5 years.
With a policy from the government to bolster the industrial sectors, the country’s construction sector stands to benefit. In order to tap on the projected increase in construction in 2005, the company has therefore launched the following policies.
1. Opening of new Kan Yong Home Store outlets in Pattaya and Klongluang.
As part of the plan to increase sales channels for construction and home decoration materials, Chonburi Kan Yong Co., Ltd., is scheduled to open 2 new outlets in modern trade styles in Pattaya and Klongluang. The former is expected to start realizing income as early as the first quarter 2005, while the latter will then proceed with construction. The 2 outlets will occupy a space of around 20,000 square meters each and combined investment of 700 million bat.
2. New plants for ready mixed concrete in 5 locations — 2 in Pattaya and 3 in Bangkok.
The company is planning to complete at least 5 new plants to manufacture ready mixed concrete in 2005. At present, CCP has a total of 20 plants situated in the central and eastern regions including Srisacha, Pattaya, Ang Sila, Plang Yao, Mabtaput, Chiangrak, Lat Krabang, Nonthaburi, Suwannapum, Prasae and Bangchak.
3. Expansion of production line in Ban Bung.
In order to tap on the growing industrial sector, the company has decided to increase production of concrete products at its Ban Bung 2 facilities in Nongpaikaew, Ban Bung, Chonburi Province. Raising production capacity is expected to require total investment of 39,350,000 baht. The expansion is due for completion in February 2005.
4. Operation of Autoclaved Aerated Concrete Product Co.,Ltd. or AACP.
Autoclaved Aerated Concrete Product Co.,Ltd. will be manufacturing and distributing auto claves using investment of 600 million baht. CCP holds 49% in the company. AACP has production capacity of 3 million square meters a year as the plant is scheduled to go online in the first quarter of 2005. The facility will start registering income in the second quarter of the same year.
For more information please contact:
Jidapa Pramualsub, Wannaree Silapangam
Siam PR. Consultant Co., Ltd.
Tel. 0-2693-7835-8 ext 32,34, 0-1817-7153
Fax. 0-2693-6920
E-mail: [email protected]
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