Bangkok--Feb 15--Weber Shandwick
Sahamit: Has returned steady growth in revenues for more than 30 years;
now planning for IPO in March
Sahamit Machinery Public Company Limited, a full-service importer and distributor of special steel for making all kinds of mould, machine tools, tooling and industrial machinery, has revealed that gross profit to the end of the first three quarters of 2004 is equal to 28.75%. Sahamit has seen revenue grow steadily for more than 30 years and is now planning an IPO for March 2005.
Mr. Chaisilp Tamesirichai, President of Sahamit Machinery Public Company Limited, said: “Sahamit Machinery Plc. has been able to return solid growth over a period of three decades. The company has been providing a full range of timely and professional services to Thailand’s core manufacturing sector. Today, we have more than 2,000 clients across a diverse spread of industrial sectors including the automobile and autopart industry, electronics and household products industry, construction material industry, govenmental agencies, as well as newspapers, printing houses, publishers and paper producers.”
“The pattern of revenue growth from 2001 through to the first nine months of 2004 shows that our fundamentals are strong.
Year Revenue(Million Baht) Profit(Million Baht)
2001 1,038.05 60.46
2002 1,085.79 65.77
2003 1,267.14 43.55
Q1-Q3 2004 1,032.28 99.91
The company’s figures for the first three quarters of 2004 include shareholders’ equity of 804 million baht, a debt-to-equity ratio of 0.62, and a Return on Equility (ROE) of 17.65% (annualized).”
“The company’s main revenue streams by six industry sectors are: special steel (50.90%), machine tools (23.17%), pulp and paper (12.50%); tooling (6.78%), machinery and equipment for wood processing (6.37%), and electrical engineering products (0.28%).”
Discussing the IPO plans, Chaisilp said: “Sahamit anticipates a capital raise of approximately 300 million baht through the IPO in March 2005. The purpose of the IPO is to raise capital to build a heat treatment plant for special steel. At present, special steel used to make moulds needs to be heat treated first. Investment in heat treatment facilities, therefore, enhances the service provided to customers and will allow us to offer a ‘one-stop service’ to the manufacturing sector. The plant will require investment of 130 million baht and is planned to start operate within this year. The remaining capital will be used to grow our overall business”.
Note to editor: Sahamit Machinery Public Company Limited was established in 1973. The company imports and distributes six categories of industrial materials: (1) Special steel (2) Machine tools (3) Tooling (4) Pulp and paper (5) Machinery and equipment for wood processing (6) Electrical engineering. Serving all of Thailand’s major production sectors. Sahamit Machinery’s goal is to be the leading full-service importer and distributor of industrial products to Thailand’s high growth industrial sectors.
For more information, please contact:
Prangtip Sivaruk,
Sahamit Machinery Public Company Limited
Tel: 02 295 1000 ext. 1515, E-mail: [email protected]
Tippawan Wortong/ Jensiree Esaparn
PR Consultant, Weber Shandwick
Tel: 02 257-0300 ext. 334, 333,
E-mail: [email protected] / [email protected] End.