Bangkok--Dec 15--JWT Public Relations
CSP Steel Center Gears for Leading Steel Service Center
With 100 Million Baht Additional Investment to Expand Cold Steel Pipe
Amid Booming Automobile Industry.
Initial Public Offering is set for Dec. 14 — 15 with 3 baht a share
Mr. Weerasak Chaisupat, Managing Director of CSP Steel Center Public Compnay Limited or “CSP” one of the best steel service center in Thailand, revealed that the company aims to become the country’s leading fully-integrated steel service center by the end of 2005. The company plans to offer fully-integrated service that meets with different customer’s demand in various industries with more product lines. The company has state-of-the-art computerized machineries with high precision. Our management system is of high standard, overseeing product procurement, processing and other services. The company also offers efficient after-sale service to achieve customers’ highest satisfaction. Our products received overwhelming respond from our target customers, CSP has accelerated its expansion of steel pipe production capacity and steel sheet cutting machines.
The company plans to spend about 100 million baht for the purchase of new machineries and equipments to boost its steel pipe production capacity. The upgraded production facility will help the company expand its product varieties with steel pipes of size between 0.375 inches to 2 inches and thickness of 0.05-6mm. Wide selection of product variety will help the company meet demand of customers in automobile, furniture and other related industries. The company focuses on made-to-order products from customers. In October, the company installed machineries to produce cold steel pipes with total production capacity of 10,000 tons a year. The company plans to install three more cold steel pipe machineries within the first quarter of 2006 to bring production capacity up to 30,000 tons per year. In addition, one more steel sheet slitting machine will be installed, having a production capacity of 30,000 tons per year, installation expects to be completed by the end of 2006.
“The company is confident in the potential growth of steel products, as the government pushes to develop Thailand as the automotive manufacture and spare parts hub in Asia — Detroit of Asia. Therefore, the company plans to expand the production capacity to meet with the demand of cold steel pipes and sheets raw material for automobile manufacturers”
Mr. Weerasak added “The company aims to raise capital in the Stock Exchange of Thailand for business expansion. Public offering of common stock is scheduled for 13-14 December, 2005. Nine appointed brokerage company will be arrange for the sales of common stocks, these company include Seamico Securities Plc, Globlex Securities Co., Ltd., KGI Securities (Thailand) PCL., TSEC Securities Ltd., Siam City Securities Co., Ltd., Far East Securities Co., Ltd., Phillip Securities (Thailand) PCL. Merchant Partners Securities Co., Ltd. and United Securities Plc. CSP Steel Center Plc has 100 millions new common shares in the public offering, price at Bt3 per share, this will increased paid-up capital to 500 million shares. For enquires and detail information, investors may contact all the appointed securities companies mentioned above.
Mr. Weerasak concluded “We expects that the increase investment will enhance our capabilities to diversify products and business operations, in order to efficiently provide quality steels service center and effectively accommodate increased customer demand in the future”.
For more information, please contact:
JWT Public Relations Department
Khun Wongchan Tangsongsak (Chan)Tel. 0-2204-8221, 09-127-2089
Or Khun Prasit Kritsadaariyachon (Bob) Tel. 0-2204-8216, 01-586-5
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