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Hemaraj pushes back Rama III condo-Black Iron Wire
HEMRAJ shares closed yesterday on the SET at 2.22 baht,Black Iron Wire, up 2 satang, in trade worth 56.4 million baht.
Originally designed for use on beaches and marshes for erosion and flood control, the Hesco Bastion quickly became a popular security device in the 1990s.
“Foreign investors remain confident in Thailand’s long-term prospects, existing supplier base, and government supports,” said Mr Paopitaya at a briefing at the Stock Exchange of Thailand yesterday.
More manufacturers are expected to relocate from Japan and Australia to Southeast Asia because of exchange rates, he added.
Military Barriers/Hesco Bastions
Information
In the first nine months of the year, Hemaraj sold 1,212 rai of industrial land and remains on track to achieve record land sales of 1,700 rai this year. Revenue is expected to grow 20-25% over 2010 to 4.45 billion baht this year.
The 20-unit condominium project on a four-rai plot on Rama III Road was scheduled for a launch early next year before being shelved, said Paopitaya Smutrakalin, director for planning and investor relations at the country’s top industrial estate operator.
“Utility sales were flat the last two months because some customers have suppliers located in flood-affected areas,” he said. “But we view this as a short-term impact and utility sales should be back to normal in the first quarter of next year.”
Hemaraj will also continue with a plan to jointly invest in six more co-generation Small Power Producer projects with a capacity of 120 megawatts each. It will own 25% and spend 400 million baht on each of these plants that will be operational between 2013 and 2015.
“However, it is vital the government reassure investors that such severe flooding will not happen again next year and beyond.”
Hemaraj targets utility revenue to double from 2009 to 1.45 billion baht in 2012, climbing to 2 billion by 2015. Its Gheco-One Independent Power Producer project,Floods Factories reopening-hesco bastion, in which Hemaraj owns 35%,Chain link wire, is expected to be operational by the first quarter of next year. It is estimated to generate a profit of 1.4 billion baht per annum from mid-2012 to 2018.
Hemaraj pushes back Rama III condo
But industrial state expansion okayed
- Published: 1/12/2011 at 12:00 AM
- Newspaper section: Business
Specification
The expansion of 2,000 rai at Hemaraj Eastern Seaboard Industrial Estate will carry on as planned together with a 750-rai new phase at Hemaraj Rayong Industrial Land. The two expansions will be completed next year.
The QIAOSHI’s Military Barriers or Hesco Bastions is a modern gabion used for flood control and military fortification. It is made of a collapsible wire mesh container and heavy duty fabric liner, and used as a temporary to semi-permanent dike or barrier against blast or small-arms. One of the less heralded life- and labor-saving devices of war, it is used on nearly every United States Military base in Iraq as well as on NATO bases in Afghanistan.
SET-listed Hemaraj Land and Development (HEMRAJ) has postponed its 600-million-baht condominium project by the Chao Phraya River due partly to flood concerns but will proceed with the expansion of two industrial estates on confidence in the investment outlook over the next five years.
Tags: Chain link wire,Hesco barrier,hesco bastion
