Hemaraj on course for revenue target
Hemaraj Land and Development, a leading industrial-estate developer, is confident of achieving its revenue target of Bt4.5 billion, mainly contributed by the industrial estate business.
Paopitaya Smutrakalin, director of planning and investor relations, said yesterday that in the first nine months, the company gained Bt2.63 billion in revenue. Of that, Bt921 million was from the industrial estate, Bt897 million from utilities, Bt427 million from rental property and Bt393 million from property sales.
He added that in the first nine months, industrial-estate sales were 1,212 rai (194 hectares), with 46 contracts, 30 new customers and 16 project expansions by existing customers.
Meanwhile, Caterpillar purchased a total of 272 rai at Hemaraj Rayong Industrial Land for two divisions to support its expansion in the Asia-Pacific region.
Additionally, Hemaraj is developing a 2,000-rai plot for Hemaraj Eastern Seaboard Industrial Estate Phase 4-5 and 750 rai at Hemaraj Rayong Industrial Estate Land. The company expects to achieve its land-sales target |of 1,700 rai by the end of this year with 65 contracts, including 45 new customers.
Though many industrial estates in the central part of the country were severely hit by the flooding, Paopitaya said foreign companies from Japan and Australia continued to relocate their investments to Thailand, particularly auto-parts makers.
The company believes it will enjoy a 25-per-cent revenue surge to between Bt4 billion and Bt4.5 billion this year.
