By 07-01-13
Hemaraj's Record 2012 Overall Business Performance including Industrial Estate Land Sales, Industrial Estate Utilities, and Ready Build Factory for Rent.
Bangkok, 3 January 2013 - Hemaraj Land And Development Public Company Limited (Hemaraj) announced a record Industrial Estate Land Sales for 2012 of 2,317 rai (927 acres or 370 hectares), an increase of 39% from the prior year. There were 115 contracts comprising 80 new customers and 35 project expansions from existing customers, all new records. Of these contracts 46% are Japanese customers and 30% are in the automotive industry.
For 2012, Ready Built Factories and Logistics Parks rental grew by 93,606 square meters or a 59%
increase from the Year 2011 cumulative balance which raised total square meters under rental to
252,684 square meters. There is an additional 39,279 square meters of pre-leased factories and
logistics warehouses to commence over the next 1 to 6 months. Utilities volume demand increased 12% compared with the same period of last year.
On 26 July 2012, GHECO-One IPP power project, a 35/65 Joint Venture between Hemaraj and
Glow, commenced its commercial operations.
In March 2012, Hemaraj signed the Shareholders' Agreement with Gulf JP to invest 25% in the
126 MW SPP Power Plant at Hemaraj Rayong Industrial Land.
Hemaraj announced the acquisition of land at Koh Lan Pattaya Thailand of 228.15 Rai for an integrated real estate development in May of 2012.
In December 2012, Hemaraj, through its subsidiary, Hemaraj Rayong Industrial Land (HRIL), acquired Rayong 2012 Company Limited which owns more than 2,200 rai in Rayong Province for future industrial estate development.
David Nardone; President and CEO of Hemaraj And Development, stated "2012 was an important year for Hemaraj in expanding our leading industrial estate business in multiple locations and industries. Thailand continues to be attractive for relocation, consolidation, and growth due to reasonable costs, currency, infrastructure, and market access. We see this trend continuing.
In addition, we expanded our Ready Built Factory business. Hemaraj Logistics Parks with 4 initial projects helped us expand our rental base by 59% in 2012.
Our Gheco-One power project has been operating since August 2012 affording an increased recurring income going forward.
We believe these investments in 2012 will strengthen Hemaraj going forward. "
Hemaraj Land And Development Public Company Limited is Thailand's leading developer of Industrial Estates,
Utilities, Power, and Property Solutions.
Hemaraj develops six industrial estates of 36,885 rai (14,800 acres, 5,900 hectares) and 700,000 square meters of Ready
Built Factories and Logistics Parks. Industrial customers are automotive, petrochemical and other clusters comprising
555 distinct customers, 188 automotive customers with 287 automotive contracts, 832 land or factory contracts, and a customer investment estimate of USD 25.0 billion.
Utilities include provision of 265,000 cubic meters per day of industrial water and waste water treatment.
Power development operating or under planning and development are 13 projects of 2,635 megawatts with 23% Hemaraj shareholding.
Hemaraj received the "Excellent" (5 logos) corporate governance recognition level from Thai Institute of Directors
(IOD) in 2009, 2010, 2011,and 2012.
For further information concerning Hemaraj Land And Development Public Company Limited (SET symbol
Hemraj), please visit our website at www.hemaraj.com or contact us by email at invest@hemaraj.com
Mr. Paopitaya Smutrakalin, Director - Investor Relations
Hemaraj Land And Development Plc.
18/F UM Tower, 9 Ramkhamhaeng, Suanluang
Bangkok 10250, Thailand
Tel: 662-719-9555 to 9 Fax: 662-719-9546 to 7
|
distributed by
|
