CSR関連ニュース
Hemaraj Celebrates 20th Anniversary by Looking to the Future
30/10/2008
Thailand’s World Class Developer in Strongest Position Ever
29 October 2008, Bangkok - Twenty years after it’s founding, Hemaraj Land And Development Plc. has its strongest operating and financial condition ever. The company is proud of being a key contributor to Thailand’s industrial development through the “Detroit of the East” automotive cluster and downstream petrochemical and industrial clusters. This is while maintaining the principle of sustainable development for environment and communities. As Hemaraj enters its third decade, it will continue to serve the society and build its future on three key pillars: Industrial Estates, Utilities and Property customer solutions.
With the vision of Mr. Sawasdi Horrungruang, Founder and Chairman of Advisors to the Board of Directors of Hemaraj, the company is among the first operators of industrial estates in Thailand. From one industrial estate at the start, Hemaraj now has six locations totaling 31,000 rai of land (13,000 acres): Hemaraj Chonburi Industrial Estates for steel, power and others, Hemaraj Eastern Industrial Estate (Map Ta Phut) for petrochemical and steel industries, Eastern Seaboard Industrial Estate (Rayong) and Hemaraj Eastern Seaboard Industrial Estate, the famous auto cluster, and S I L Industrial Land and Rayong Industrial Land.
“Over the last 20 years, Hemaraj has attracted USD 15 billion mostly foreign direct investments to its industrial estates, which have generated 65,000 jobs for Thai people. These create strategic industry clusters, technology transfers and skills enhancement for Thai human resources”, said proudly Mr. David Nardone, President and CEO of Hemaraj Land And Development Plc.
Hemaraj’s industrial estates have attracted 390 distinct customers, comprising over 575 industrial estate or building contracts. The 130 automotive customers include OEM manufacturers such as Ford, Mazda, GM and Suzuki. The company projects a record 2008 industrial land sales of 1,600-1,700 rai (640-680 acres), 25% above budget. With averaging 25 new customers and 50 contracts per annum over the last 3 years, 2008 projects to over 30 new customers and a record level of over 65 contracts.
According to Mr. Nardone, “Short term, Hemaraj anticipates some slowing of investment in Thailand reflecting uncertainty in demand and caution in global markets, however the long term fundamental strength of the Hemaraj business has not changed. Thailand and Asia will continue to be the long-term growth engines for automotive, petrochemical, and consumer demand over the next decades. Hemaraj is ideally positioned in the forefront to meet this demand.”
“This year continues our broad development plan for industrial estates, utilities and property with capital expenditures over a four to six year period in excess of Baht 20 billion. The Gheco-One IPP 660 MW power project from 2012 will provide a significant consistent earnings flow. In addition to this, Hemaraj is planning to invest in two small power plants also,” said Mr. Nardone.
In industrial estates, petrochemical customers have continuing long-term demand to improve their down-stream value add. These projects take years to bring on and this investment is continuing. In addition, strong industrial land demand at our “Detroit of the East” automotive cluster, Hemaraj Eastern Seaboard Industrial Estate has shown a continuation of OEM’s and major automotive suppliers, servicing the one ton pickup, passenger and eco-car programs.
This continuing demand will result in industrial estate utilities doubling over the next four years in revenue. Presently the largest private supplier of clarified and treated potable water to industrial users with a capacity of 150,000 cubic meters per day, Hemaraj projects the capacity to double within 4 years. SME Factories for Rent and Sale are projected to expand at a double-digit rate in order to support continued investment. To date 125 units or 280,000 square meters have been built or are under construction.
“Entering its third decade, Hemaraj is in its strongest operating and financial position ever. With balanced revenue from industrial estates, utilities and property, we are able to invest in the most promising areas of business. Increasing recurring revenue from utilities, property rental and shortly power development provide a long-term predictable earnings stream to our shareholders”, added Mr. Nardone.
Mr. Vivat Jiratikarnsakul, Executive Vice President of Hemaraj talked about sustainable development of the company with environmental and social care, “Hemaraj made a decision from day one to ensure environmental and social care are fundamental parts of the way we do business. Hemaraj seeks out innovative solutions that safeguard the environment around its industrial estates and the communities.”
As a good corporate citizen Hemaraj has consistently supported education on the Eastern Seaboard, principally with two projects: Annual School Contributions and Adopt-A-School with AMCHAM. Through annual school contributions, Hemaraj distributes school kits to 12,000 pupils in 40 schools on the Eastern Seaboard every year. While the Adopt-A-School helps improve equipment or facilities to at least 10 schools per year.
Hemaraj also provides full-board scholarships to secondary school students in the Eastern Seaboard. To date 12 students have been awarded scholarships to attend universities and vocational colleges. Other community contributions include mobile medical units that provide free health care services, donating land to government entities and schools, and employing local people at the estates.
To commemorate its 20th anniversary, this year Hemaraj has awarded five additional full-board scholarships worth a total of 2 million baht to five students at university level. In addition, the company early this year announced a three-year sponsorship for Chonburi Football Club in an effort to support youth development through sports.
“The next two decades look equally exciting, luckily I am still young as life really is beautiful,” added Mr. Sawasdi Horrungruang, Founder and Chairman of Advisors to the Board of Directors of Hemaraj.
29 October 2008, Bangkok - Twenty years after it’s founding, Hemaraj Land And Development Plc. has its strongest operating and financial condition ever. The company is proud of being a key contributor to Thailand’s industrial development through the “Detroit of the East” automotive cluster and downstream petrochemical and industrial clusters. This is while maintaining the principle of sustainable development for environment and communities. As Hemaraj enters its third decade, it will continue to serve the society and build its future on three key pillars: Industrial Estates, Utilities and Property customer solutions.
With the vision of Mr. Sawasdi Horrungruang, Founder and Chairman of Advisors to the Board of Directors of Hemaraj, the company is among the first operators of industrial estates in Thailand. From one industrial estate at the start, Hemaraj now has six locations totaling 31,000 rai of land (13,000 acres): Hemaraj Chonburi Industrial Estates for steel, power and others, Hemaraj Eastern Industrial Estate (Map Ta Phut) for petrochemical and steel industries, Eastern Seaboard Industrial Estate (Rayong) and Hemaraj Eastern Seaboard Industrial Estate, the famous auto cluster, and S I L Industrial Land and Rayong Industrial Land.
“Over the last 20 years, Hemaraj has attracted USD 15 billion mostly foreign direct investments to its industrial estates, which have generated 65,000 jobs for Thai people. These create strategic industry clusters, technology transfers and skills enhancement for Thai human resources”, said proudly Mr. David Nardone, President and CEO of Hemaraj Land And Development Plc.
Hemaraj’s industrial estates have attracted 390 distinct customers, comprising over 575 industrial estate or building contracts. The 130 automotive customers include OEM manufacturers such as Ford, Mazda, GM and Suzuki. The company projects a record 2008 industrial land sales of 1,600-1,700 rai (640-680 acres), 25% above budget. With averaging 25 new customers and 50 contracts per annum over the last 3 years, 2008 projects to over 30 new customers and a record level of over 65 contracts.
According to Mr. Nardone, “Short term, Hemaraj anticipates some slowing of investment in Thailand reflecting uncertainty in demand and caution in global markets, however the long term fundamental strength of the Hemaraj business has not changed. Thailand and Asia will continue to be the long-term growth engines for automotive, petrochemical, and consumer demand over the next decades. Hemaraj is ideally positioned in the forefront to meet this demand.”
“This year continues our broad development plan for industrial estates, utilities and property with capital expenditures over a four to six year period in excess of Baht 20 billion. The Gheco-One IPP 660 MW power project from 2012 will provide a significant consistent earnings flow. In addition to this, Hemaraj is planning to invest in two small power plants also,” said Mr. Nardone.
In industrial estates, petrochemical customers have continuing long-term demand to improve their down-stream value add. These projects take years to bring on and this investment is continuing. In addition, strong industrial land demand at our “Detroit of the East” automotive cluster, Hemaraj Eastern Seaboard Industrial Estate has shown a continuation of OEM’s and major automotive suppliers, servicing the one ton pickup, passenger and eco-car programs.
This continuing demand will result in industrial estate utilities doubling over the next four years in revenue. Presently the largest private supplier of clarified and treated potable water to industrial users with a capacity of 150,000 cubic meters per day, Hemaraj projects the capacity to double within 4 years. SME Factories for Rent and Sale are projected to expand at a double-digit rate in order to support continued investment. To date 125 units or 280,000 square meters have been built or are under construction.
“Entering its third decade, Hemaraj is in its strongest operating and financial position ever. With balanced revenue from industrial estates, utilities and property, we are able to invest in the most promising areas of business. Increasing recurring revenue from utilities, property rental and shortly power development provide a long-term predictable earnings stream to our shareholders”, added Mr. Nardone.
Mr. Vivat Jiratikarnsakul, Executive Vice President of Hemaraj talked about sustainable development of the company with environmental and social care, “Hemaraj made a decision from day one to ensure environmental and social care are fundamental parts of the way we do business. Hemaraj seeks out innovative solutions that safeguard the environment around its industrial estates and the communities.”
As a good corporate citizen Hemaraj has consistently supported education on the Eastern Seaboard, principally with two projects: Annual School Contributions and Adopt-A-School with AMCHAM. Through annual school contributions, Hemaraj distributes school kits to 12,000 pupils in 40 schools on the Eastern Seaboard every year. While the Adopt-A-School helps improve equipment or facilities to at least 10 schools per year.
Hemaraj also provides full-board scholarships to secondary school students in the Eastern Seaboard. To date 12 students have been awarded scholarships to attend universities and vocational colleges. Other community contributions include mobile medical units that provide free health care services, donating land to government entities and schools, and employing local people at the estates.
To commemorate its 20th anniversary, this year Hemaraj has awarded five additional full-board scholarships worth a total of 2 million baht to five students at university level. In addition, the company early this year announced a three-year sponsorship for Chonburi Football Club in an effort to support youth development through sports.
“The next two decades look equally exciting, luckily I am still young as life really is beautiful,” added Mr. Sawasdi Horrungruang, Founder and Chairman of Advisors to the Board of Directors of Hemaraj.