Bangkok--31 Jul--Oasis Media
ASCON will introduce Dual Track construction system for high rise building. The system will shorten construction time and reduce cost. Project management will also be easier. The effort will be separated in all project channels and will help sharpen the skills of workers. It will also reduce risk arising from decision to accept construction project. The know-how based system will allow ASCON to welcome more business
Mr. Pattanapong Tanumathaya, Executive Chairman of ASCON Construction PLC discloses that the company aims to target operational growth in the areas of project channels. More channels will be added to support construction projects of private sector, public sector and factory construction in a ratio of 40:40:20. The company aims to also enhance worker skills and introduce new technology. The company will place emphasis on construction technology that will help minimize cost and shorten construction time. The effort will contribute to the reduction of management complication during current economic environment whereby interest rate and oil price are increasing
"Dual Track System will be utilized in high rise building construction project. The unique technology used will differentiate ASCON development project especially in project management aspect in the sense that multiple projects will be concurrently progressed. The huge interest reduction is a major benefit attribute to note”
Pattanapong also adds that the system will be applied to Nusasiri Sukhumvit-Ekamai Grand condo, a 305 residential units on 5 rai land of Sukhumvit 42 Road. The project is located near Eakamai Transportation station. 2 high-rise buildings, 28- storey and 22- storey types respectively will generate 75,000 square meter utility space. The project has progressed by 50 %. Moreover, more projects are concurrently constructions which include Water Mark condominium.
Nowadays, ASCON has a registered capital of BHT 200 million. ASCON was a member of SET since December 2005. In 2006, a 50% project value growth is expected (from BHT 2,000 million to BHT 3,000 million). In June 2006, Tanarak Nonthaburi, a project owned by Tanarak Asset Development Co.Ltd.(Phuket), valued at BHT 494.9 million has begun. In July 2006, 4 project were signed including Baan Tanarak Phuket valued at BHT 135.5 million, warehouse construction owned by KaKoon Natee Cemp Corp (Thailand) Ltd. valued at BHT 60.11 million, The Inspire , 18 storey residential condominium owned by Vacharathorn Ltd. valued at BHT 356 million and The Master Monthara, 2 building and 8 storey each owned by Power Plus Property Ltd. valued at BHT 331 million. Remaining projects to fulfill this year target are coming up soon such as The Water Mark, 27 storey condominium with sign expected on August at valued BHT 331 million. The overall projects pushing company’ backlog at valued 3,800 million.
ASCON's operation policy in 2006 is geared towards diversity of project channels to increase revenue including government project bidding such as infrastructure projects ASCON also intends to form joint ventures and cooperate with business alliances that possess specialized technical skills to propose solution to construction projects such as tunnel, road, bridge, building, MRT, electricity generating plant and waste disposal facility while last year, ASCON's main focus was only on private sector projects. As government mega project plan laid by the government is huge and account for the overall value of BHT 150,000 million, expected biding process will come soon and ASON also intend to join the bid with new partners from China.
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