公司新聞
Hemaraj announces increased 2012 land sales target to 2,000 rai at AGM
30/04/2012
While posting strong results for 2011 in all areas, Hemaraj foresees another record year for its operation in 2012 with highest increase in land sales and Ready Built Factories for Rent.
Bangkok, 30 April 2012 –Hemaraj Land And Development Public Company Limited today at Annual General Meeting announced an increase of 2012 land sales target to 2,000 rai (800 acre or 320 hectares) from earlier announced target of 1,700 rai (680 acres or 272 hectares). The company foresees 2012 operation will hit another record level with 40-50% increase in its operating revenue, 60% increase in Ready Built Factories and Warehouses for rent, and 20% increase in industrial estate utilities. With strong operation results reported in all business areas for 2011, the meeting also confirms the final dividend of 0.03 baht per share making the total dividend for 2011 at 0.055 baht per share.
According to David Nardone, President & CEO of Hemaraj Land And Development Plc., “Hemaraj posted strong results for 2011 in all areas of our business. We broadened product and revenue sources while continuing investments that will strengthen our future.”
Customer investment from the automotive and industrial equipment industry and notably from Japan resulted in 2011 Industrial Estate Sales of 1,670 rai (668 acres or 267 hectares), with Hemaraj in the leading position of #1 market share. Sale contracts in 2011 total 74 comprising 49 new customers and 25 project expansions from existing customers, all record levels. Ready Built Factories for Rent in 2011 grew by 52,594 square meters or a 49% increase from the 2010 cumulative balance.
In Q1’ 2012, we have achieved land sales of 928 rai (371 acres or 148 hectares), an increase of 197% from the prior year, with 39 contracts, 32 new customers and 7 project expansions from existing customers. More than 60% of the customers are Japanese and more than 33% are Automotive. This prompted us to once again increase 2012 land sales target to 2,000 rai (800 acres or 320 hectares) from 1,500 rai budget (600 acres or 240 hectares) and 1,700 rai (680 acres or 272 hectares) increased earlier this year.
Also in Q1’ 2012, Ready Built Factories for Rent grew by 13,694 square meters or a 9% increase from the Year 2011 cumulative balance. There are also another 14,000 square meters of pre-leased and pre-sold. Hemaraj Logistics Park 1 – HLP1 (located on new Highway 331) has two units completed while another 7 buildings will be completed mid-year 2012. The development of Hemaraj Logistics Park 2– HLP 2 (located in Hemaraj Eastern Seaboard Industrial Estate) will start in May 2012 and will be ready for rental by November 2012. We therefore forecast that Ready Built Factory and Logistics Parks rental will reach 100,000 square meters for 2012, or an increase by 60% from the cumulative balance in 2011.
The Gheco-One 660 MW IPP power plant in which Hemaraj holds 35% share, will start operation in May 2012. Hemaraj is pursuing to participate in up to 8 SPP power plants with a 25% shareholding in each project. In March this year, Hemaraj Energy Company Limited, a subsidiary of Hemaraj Land And Development Plc. entered into a shareholder agreement with GJP Holding Company Limited to jointly invest in Gulf JP NLL Company Limited (GNLL) with Hemaraj holding 25.01% share. GNLL is investing a total of 5.5 billion baht to develop a 126 megawatt SPP Project now under construction at Hemaraj Rayong Industrial Land to supply power to the Electricity Generating Authority of Thailand (EGAT) and industrial estates customers.
David Nardone concluded, “While foreseeing broad growth in 2012, the investment policy of Hemaraj will continue in core business areas - industrial estates, utilities, power, and properties. We see an accelerated demand for Ready Built Factories for rent, new Logistics
Parks, and an increase in utility capacity. Thailand is attractive to investors in automotive and other industries due to cost, currency, and market access, resulting in increased industrial estate demand.”
Bangkok, 30 April 2012 –Hemaraj Land And Development Public Company Limited today at Annual General Meeting announced an increase of 2012 land sales target to 2,000 rai (800 acre or 320 hectares) from earlier announced target of 1,700 rai (680 acres or 272 hectares). The company foresees 2012 operation will hit another record level with 40-50% increase in its operating revenue, 60% increase in Ready Built Factories and Warehouses for rent, and 20% increase in industrial estate utilities. With strong operation results reported in all business areas for 2011, the meeting also confirms the final dividend of 0.03 baht per share making the total dividend for 2011 at 0.055 baht per share.
According to David Nardone, President & CEO of Hemaraj Land And Development Plc., “Hemaraj posted strong results for 2011 in all areas of our business. We broadened product and revenue sources while continuing investments that will strengthen our future.”
Customer investment from the automotive and industrial equipment industry and notably from Japan resulted in 2011 Industrial Estate Sales of 1,670 rai (668 acres or 267 hectares), with Hemaraj in the leading position of #1 market share. Sale contracts in 2011 total 74 comprising 49 new customers and 25 project expansions from existing customers, all record levels. Ready Built Factories for Rent in 2011 grew by 52,594 square meters or a 49% increase from the 2010 cumulative balance.
In Q1’ 2012, we have achieved land sales of 928 rai (371 acres or 148 hectares), an increase of 197% from the prior year, with 39 contracts, 32 new customers and 7 project expansions from existing customers. More than 60% of the customers are Japanese and more than 33% are Automotive. This prompted us to once again increase 2012 land sales target to 2,000 rai (800 acres or 320 hectares) from 1,500 rai budget (600 acres or 240 hectares) and 1,700 rai (680 acres or 272 hectares) increased earlier this year.
Also in Q1’ 2012, Ready Built Factories for Rent grew by 13,694 square meters or a 9% increase from the Year 2011 cumulative balance. There are also another 14,000 square meters of pre-leased and pre-sold. Hemaraj Logistics Park 1 – HLP1 (located on new Highway 331) has two units completed while another 7 buildings will be completed mid-year 2012. The development of Hemaraj Logistics Park 2– HLP 2 (located in Hemaraj Eastern Seaboard Industrial Estate) will start in May 2012 and will be ready for rental by November 2012. We therefore forecast that Ready Built Factory and Logistics Parks rental will reach 100,000 square meters for 2012, or an increase by 60% from the cumulative balance in 2011.
The Gheco-One 660 MW IPP power plant in which Hemaraj holds 35% share, will start operation in May 2012. Hemaraj is pursuing to participate in up to 8 SPP power plants with a 25% shareholding in each project. In March this year, Hemaraj Energy Company Limited, a subsidiary of Hemaraj Land And Development Plc. entered into a shareholder agreement with GJP Holding Company Limited to jointly invest in Gulf JP NLL Company Limited (GNLL) with Hemaraj holding 25.01% share. GNLL is investing a total of 5.5 billion baht to develop a 126 megawatt SPP Project now under construction at Hemaraj Rayong Industrial Land to supply power to the Electricity Generating Authority of Thailand (EGAT) and industrial estates customers.
David Nardone concluded, “While foreseeing broad growth in 2012, the investment policy of Hemaraj will continue in core business areas - industrial estates, utilities, power, and properties. We see an accelerated demand for Ready Built Factories for rent, new Logistics
Parks, and an increase in utility capacity. Thailand is attractive to investors in automotive and other industries due to cost, currency, and market access, resulting in increased industrial estate demand.”