Sanko Diecasting expects to miss year's sales target
Sanko Diecasting (Thailand) Plc - a supplier of high-pressure die-cast aluminum and moulded zinc components (HPDC) for car manufacturers, electrical appliances makers, and the agricultural machinery sector - expects this year's sales to miss its target
However, it is optimistic that sales volume should rebound next year following a steady increase in orders from vehicle manufacturers lately, according to Deputy Chief Executive Rattawat Suksaichol.
Earlier, Sanko had expected sales volume this year to exceed last year’s baht 474 million. The company believes next year’s sales would rebound in line with the Thai automotive sector which has began placing more orders in view of next year’s production output target of 2.5 million vehicles.
Sanko will sign a contract to supply components for a major vehicle manufacturer, with estimated sales of Bt13 million per month in addition to its existing orders of Bt27 million a month. Sanko is confident that its financial results in 2014 would improve significantly. The company believes Sanko shareholders, who are mostly long-term investors, would understand the negative factors causing a fall in Sanko’s sales and revenue this year, Rattawat said.
