Company News
Hemaraj 1H’2014 Industrial Estate Land Sales of 297 rai with improving trend.
08/07/2014
Bangkok, 8 July 2014 – Hemaraj Land And Development Public Company Limited (Hemaraj) announced that Industrial Estate land sales (including some rental) for 1H’2014 were 297 rai (118 acres or 48 hectares). There were 20 contracts, being 13 new customers and 7 project expansions from existing customers. Of the contracts, 50% are Japanese companies and more than 25% were from the automotive industry.
David Nardone, President and CEO of Hemaraj Land And Development Public Company Limited noted “This is a reasonable start to 2014. We had the consideration of year-end political disruptions as well as BOI approvals (Baht 600 billion backlog) just commencing from June of this year. There is a renewed optimism of investor confidence as the domestic demand and export markets continue to recover. We see high activity levels, broad country representation, and a return to a more normal run rate. Full year guidance will be updated further at the time of our Quarter 2’14 results.
We believe that industrial investment in Thailand and our business strategy remain attractive long term. Thailand continues to be a preferred location for manufacturing and growth due to reasonable costs, good infrastructure, and expanded market access.”
On the positive side, Quarter 2’14 utilities volume demand increased 10% by volume in comparison with Quarter 1’14 and 11% in comparison with 2013.
David Nardone, President and CEO of Hemaraj Land And Development Public Company Limited noted “This is a reasonable start to 2014. We had the consideration of year-end political disruptions as well as BOI approvals (Baht 600 billion backlog) just commencing from June of this year. There is a renewed optimism of investor confidence as the domestic demand and export markets continue to recover. We see high activity levels, broad country representation, and a return to a more normal run rate. Full year guidance will be updated further at the time of our Quarter 2’14 results.
We believe that industrial investment in Thailand and our business strategy remain attractive long term. Thailand continues to be a preferred location for manufacturing and growth due to reasonable costs, good infrastructure, and expanded market access.”
On the positive side, Quarter 2’14 utilities volume demand increased 10% by volume in comparison with Quarter 1’14 and 11% in comparison with 2013.