公司新聞
Hemaraj announces increased 2013 land sales target to 1,800 rai at AGM
30/04/2013
Aside from land sales at its seven industrial estates, Hemaraj steadily develops ready-built factories and logistics warehouses for rent
Bangkok, 30 April 2013 - Hemaraj Land And Development Public Company Limited today at Annual General Meeting (AGM) announced an increase of 2013 land sales target to 1,800 rai (720 acres or 288 hectares). On the back of a record 2012 year and a promising first quarter in 2013, the company’s management confirmed its expansion plans through both land sales and rentals of ready-built factories (RBF) located in its six industrial estates or warehouses in its logistics parks. In addition, Hemaraj is launching its seventh industrial estate and announced that it is pursuing its investments in utilities and power generation.
Seven Industrial Estates Supporting Key Industries in Thailand
With a combined land area of 36,137 rai (14,500 acres or 5,800 hectares), Hemaraj’s seven industrial estates provide facilities and services to 567 distinct customers through 856 land or factory contracts, including 190 customers in the automotive sector alone.
Last month, Mazda Powertrain Manufacturing (Thailand), an affiliate of Mazda Motor Corporation, purchased 131 rai at Eastern Seaboard Industrial Estate (Rayong) to build a new transmission plant. Representing a significant investment of Baht 15 billion, the factory is scheduled to start operations in 2015. Consistent with Mazda’s lead, other Japanese auto suppliers secured contracts with Hemaraj, highlighting its primary role in shaping Thailand’s automotive cluster in the Eastern Seaboard.
David Nardone, President & CEO of Hemaraj, said: Before choosing a location for their factories, industrial investors have a long-term vision for their investments. They take into account a number of objective criteria, such as reasonable costs, good infrastructure, sound environmental and estate planning, excellent utilities and high-end services. Our objective is to make sure they find them all at Hemaraj industrial estates.
Out of its global objective of 1,600 rai (640 acres or 256 hectares) of land for sale in 2013, 421 rai (168 acres or 67 hectares) have already been sold or leased during the first quarter of 2013, either to new customers or for project expansion by existing customers. Foreign Direct Investment in Thailand continues strong as reflected from Baht 271 billion approved projects in Q1’2013 by Board of Investment, or 47% increase from the same period of 2012. This along with our prospects prompts us to increase the 2013 land sales target to 1,800 rai (720 acres or 288 hectares).
Strong Demand for Rent of Ready-Built Factories and Logistic Warehouses
Another area that is poised for further expansion is the development of ready-built factories (RBF) and logistics warehouses for sale or rent. Offering flexible surface areas ranging from 450 sq. m. up to 10,000 sq.m., Hemaraj RBFs represent a total surface area of nearly 500,000 sq.m., of which 55% is rented, 32% sold and the remaining 13% pre-leased or still available.
Hemaraj’s latest business product, logistics warehouses, represents a total potential area of nearly 400,000 sq.m. and are renting at a steady pace - with the projected rental of 100,000 sq.m. rented in the first full year - at the company’s four logistics parks.
These businesses not only match our customers’ needs and the flexibility they are looking for, but they are also perfectly in line with our broad-based revenue strategy for regular income sources and better revenue predictability, explained David Nardone.
More Investments in Utilities and Power Revenue from Utilities, covering mainly water-related services from potable water supply to wastewater treatment, is expected to grow by 20% this year.
Simultaneously, the company will continue its investments in power, through Gheco-One, a 35/65 joint-venture with Glow (GDF Suez Energy International). Hemaraj also holds 25.01% shareholding equity in its first 126MW SPP project with Gulf-J-Power Japan that is due to start operations in May 2013. Further growth is expected from power co-generation with another seven potential SPP projects of 120 MW each.
Thailand definitely remains an attractive industrial base, thanks to a positive investment climate, improving market access, reasonable operating costs and constantly upgraded infrastructure, explained David Nardone. This is why we are confident with our strategy and performance for 2013 and the forthcoming years. he added. About Hemaraj
Hemaraj Land And Development Public Company Limited is Thailand’s leading developer of Industrial Estates, Utilities, and Property Solutions.
Hemaraj develops seven industrial estates of 36,137 rai (14,500 acres, 5,800 hectares) with automotive, petrochemical and other clusters comprising 567 distinct customers, 190 automotive customers with 294 automotive contracts, 856 Land or factory contracts, and a customer investment estimate of USD 25.0 billion.
Hemaraj received the “Excellent” (5 logos) corporate governance recognition level from Thai Institute of Directors (IOD) in 2009, 2010, 2011, and 2012.
Bangkok, 30 April 2013 - Hemaraj Land And Development Public Company Limited today at Annual General Meeting (AGM) announced an increase of 2013 land sales target to 1,800 rai (720 acres or 288 hectares). On the back of a record 2012 year and a promising first quarter in 2013, the company’s management confirmed its expansion plans through both land sales and rentals of ready-built factories (RBF) located in its six industrial estates or warehouses in its logistics parks. In addition, Hemaraj is launching its seventh industrial estate and announced that it is pursuing its investments in utilities and power generation.
Seven Industrial Estates Supporting Key Industries in Thailand
With a combined land area of 36,137 rai (14,500 acres or 5,800 hectares), Hemaraj’s seven industrial estates provide facilities and services to 567 distinct customers through 856 land or factory contracts, including 190 customers in the automotive sector alone.
Last month, Mazda Powertrain Manufacturing (Thailand), an affiliate of Mazda Motor Corporation, purchased 131 rai at Eastern Seaboard Industrial Estate (Rayong) to build a new transmission plant. Representing a significant investment of Baht 15 billion, the factory is scheduled to start operations in 2015. Consistent with Mazda’s lead, other Japanese auto suppliers secured contracts with Hemaraj, highlighting its primary role in shaping Thailand’s automotive cluster in the Eastern Seaboard.
David Nardone, President & CEO of Hemaraj, said: Before choosing a location for their factories, industrial investors have a long-term vision for their investments. They take into account a number of objective criteria, such as reasonable costs, good infrastructure, sound environmental and estate planning, excellent utilities and high-end services. Our objective is to make sure they find them all at Hemaraj industrial estates.
Out of its global objective of 1,600 rai (640 acres or 256 hectares) of land for sale in 2013, 421 rai (168 acres or 67 hectares) have already been sold or leased during the first quarter of 2013, either to new customers or for project expansion by existing customers. Foreign Direct Investment in Thailand continues strong as reflected from Baht 271 billion approved projects in Q1’2013 by Board of Investment, or 47% increase from the same period of 2012. This along with our prospects prompts us to increase the 2013 land sales target to 1,800 rai (720 acres or 288 hectares).
Strong Demand for Rent of Ready-Built Factories and Logistic Warehouses
Another area that is poised for further expansion is the development of ready-built factories (RBF) and logistics warehouses for sale or rent. Offering flexible surface areas ranging from 450 sq. m. up to 10,000 sq.m., Hemaraj RBFs represent a total surface area of nearly 500,000 sq.m., of which 55% is rented, 32% sold and the remaining 13% pre-leased or still available.
Hemaraj’s latest business product, logistics warehouses, represents a total potential area of nearly 400,000 sq.m. and are renting at a steady pace - with the projected rental of 100,000 sq.m. rented in the first full year - at the company’s four logistics parks.
These businesses not only match our customers’ needs and the flexibility they are looking for, but they are also perfectly in line with our broad-based revenue strategy for regular income sources and better revenue predictability, explained David Nardone.
More Investments in Utilities and Power Revenue from Utilities, covering mainly water-related services from potable water supply to wastewater treatment, is expected to grow by 20% this year.
Simultaneously, the company will continue its investments in power, through Gheco-One, a 35/65 joint-venture with Glow (GDF Suez Energy International). Hemaraj also holds 25.01% shareholding equity in its first 126MW SPP project with Gulf-J-Power Japan that is due to start operations in May 2013. Further growth is expected from power co-generation with another seven potential SPP projects of 120 MW each.
Thailand definitely remains an attractive industrial base, thanks to a positive investment climate, improving market access, reasonable operating costs and constantly upgraded infrastructure, explained David Nardone. This is why we are confident with our strategy and performance for 2013 and the forthcoming years. he added. About Hemaraj
Hemaraj Land And Development Public Company Limited is Thailand’s leading developer of Industrial Estates, Utilities, and Property Solutions.
Hemaraj develops seven industrial estates of 36,137 rai (14,500 acres, 5,800 hectares) with automotive, petrochemical and other clusters comprising 567 distinct customers, 190 automotive customers with 294 automotive contracts, 856 Land or factory contracts, and a customer investment estimate of USD 25.0 billion.
Hemaraj received the “Excellent” (5 logos) corporate governance recognition level from Thai Institute of Directors (IOD) in 2009, 2010, 2011, and 2012.