公司新闻
Hemaraj Q1’2014 Industrial Estate Land Sales of 121 rai with Improving Environment
09/04/2014
Bangkok, 9 April 2014 – Hemaraj Land And Development Public Company Limited (Hemaraj) announced the Industrial Estate land sales (including some rental) for Q1’2014 being 121 rai (48 acres or 19 hectares). There were 11 contracts, being 5 new customers and 6 project expansions from existing customers. Of the new customers, 38% are Japanese companies and more than 35% are from the automotive industry.
David Nardone, President and CEO of Hemaraj Land And Development Public Company Limited noted “Hemaraj finished Q1’2014 with an industrial estate land sales of 121 rai and 11 contracts. This was an expected modest level being impacted by year end 2013 political disruptions and a delay in BOI approvals. With a downturn in the domestic automotive consumption, there is a delay in larger ready built factory and warehouse expansion. However, for several weeks, we have seen a noticeable increase in activity levels and industrial estate investment decisions. Our industrial estate land sales target remains 1,600 rai for 2014. We did achieve record industrial estate land transferred in Q1’2014 of 809 rai.
We believe that industrial investment in Thailand and our business strategy will remain attractive long term. Thailand will continue to be attractive for manufacturing relocation and growth due to reasonable costs, good infrastructure, and expanded market access.”
In Q1’2014, Hemaraj Ready Built Factories (HRBF) and Hemaraj Property Fund (HPF) rental grew to 300,137 square meters, an increase of 2,769 net square meters, or 1% in total from the 2013 cumulative balance. Hemaraj Logistics Parks (HLP) rental totals 72,145 square meters.
Utilities volume demand increased 3% by volume in comparison with Quarter 1 of the prior year.
For Power Business, GJPNLL, our first 126 MW SPP power project with Gulf J-Power with Hemaraj 25% shareholding that commenced its commercial operation in May 2013 and Gheco-One, a 660 MW IPP power project with Hemaraj 35% shareholding were operating at near 100% availability during Q1’2014. Thus, Hemaraj has 4 power projects in operation for 2014 including Gheco-One, Glow IPP, Houay Ho Hydro Power in Laos, and GJPNLL, which are expected to increase profit contributions in 2014.
David Nardone, President and CEO of Hemaraj Land And Development Public Company Limited noted “Hemaraj finished Q1’2014 with an industrial estate land sales of 121 rai and 11 contracts. This was an expected modest level being impacted by year end 2013 political disruptions and a delay in BOI approvals. With a downturn in the domestic automotive consumption, there is a delay in larger ready built factory and warehouse expansion. However, for several weeks, we have seen a noticeable increase in activity levels and industrial estate investment decisions. Our industrial estate land sales target remains 1,600 rai for 2014. We did achieve record industrial estate land transferred in Q1’2014 of 809 rai.
We believe that industrial investment in Thailand and our business strategy will remain attractive long term. Thailand will continue to be attractive for manufacturing relocation and growth due to reasonable costs, good infrastructure, and expanded market access.”
In Q1’2014, Hemaraj Ready Built Factories (HRBF) and Hemaraj Property Fund (HPF) rental grew to 300,137 square meters, an increase of 2,769 net square meters, or 1% in total from the 2013 cumulative balance. Hemaraj Logistics Parks (HLP) rental totals 72,145 square meters.
Utilities volume demand increased 3% by volume in comparison with Quarter 1 of the prior year.
For Power Business, GJPNLL, our first 126 MW SPP power project with Gulf J-Power with Hemaraj 25% shareholding that commenced its commercial operation in May 2013 and Gheco-One, a 660 MW IPP power project with Hemaraj 35% shareholding were operating at near 100% availability during Q1’2014. Thus, Hemaraj has 4 power projects in operation for 2014 including Gheco-One, Glow IPP, Houay Ho Hydro Power in Laos, and GJPNLL, which are expected to increase profit contributions in 2014.