Hemaraj’s
Hemaraj’s 2011 Overall Business Performance Achieved Record Levels including Industrial Estate Land Sales, Industrial Estate Utilities, and Ready Build Factory for Rent.
Bangkok, 11 January 2012 – Hemaraj Land And Development Public Company Limited announced a record year of 2011 Overall Business Performance with the Industrial Estate Sales of 1,670 rai (668 acres or 267 hectares), an increase of 80% from the prior year, with 74 contracts, 49 new customers and 25 project expansions from existing customers, all record levels. Ready Built Factories for Rent in Year 2011 grew by 52,594 square meters or a 49% increase from the Year 2010 cumulative balance. There are also another 30,000 square meters of pre-leased and pre-sold for the Year 2012, all record levels. Industrial Estate Utilities Demand increased by 10% from the prior year. This reflected significant growth in industrial land sales, industrial estates utilities, and the rental and sale of ready built factories.
According to David Nardone, President & CEO of Hemaraj, “Hemaraj continues our leading industrial estates sales, with customer investment from the automotive and industrial equipment industry resulting in 1,670 rai (668 acres or 267 hectares) #1 Market Share, an increase of 80% from prior year. 2011 results have reflected the overall accelerated level of investment in Thailand. The land sales target has been revised 3 times in 2011, from 1,200 rai (480 acres or 194 hectares) eventually to 1,670 rai (668 acres or 267 hectares). In 2011, Hemaraj also signed 74 land sales contracts being 49 new customers and 25 project expansions from existing customers, with accelerated investment from overseas and relocation and diversification of sites in Thailand. Total industrial customers stand at 475 distinct new customers with 717 contracts. This includes 167 automotive customers with 254 automotive contracts.”
On the business outlook for 2012, David said “The 2012 investment policy of Hemaraj will continue to focus on core business areas – industrial estate, utilities, power, and properties. With Thailand’s economic outlook positive, and the continued relocation and consolidation of automotive investment, the company expects its business to grow in all areas.
Looking forward to 2012, Industrial land sales are budgeted at 1,500 rai (600 acres or 243 hectares) with upside. We also have the land transfer backlog which will be carried forward to 2012 of more than 900 rai. The industrial estate utility demand is expected to grow by 20%. The first phase of Hemaraj Logistics Park 1 (HLP1) will be completed by Q2’2012 and, therefore, we budget the rental of Ready Built Factory and Logistics Parks will increase by 60% from the cumulative balance. We also have significant power investments ongoing including Gheco-One operational in April 2012.”
About Hemaraj
Hemaraj Land And Development Public Company Limited is Thailand’s leading developer of Industrial Estates, Utilities, and Property Solutions.
Hemaraj develops six industrial estates of 31,280 rai (12,500 acres, 5,000 hectares) with automotive, petrochemical and other clusters comprising 475 distinct customers, 167 automotive customers with 254 automotive contracts, 717 Land or factory contracts, and a customer investment estimate of USD 22.0 billion.
Hemaraj received the “Excellent” (5 logos) corporate governance recognition level from Thai Institute of Directors (IOD) in 2009, 2010, and 2011.
For further information concerning Hemaraj Land And Development Public Company Limited (SET symbol Hemraj), please visit our website at www.hemaraj.com or www.theparkresidence.co.th or contact us by email at invest@hemaraj.com
Mr. Paopitaya Smutrakalin, Director – Investor Relations
HemarajLandAnd Development Plc.
18/F UM Tower,
9 Ramkhamhaeng, Suanluang
Bangkok 10250, Thailand
Tel: 662-719-9555 to 9 Fax: 662-719-9546 to 7
BrandComm Consultants Co., Ltd.
Ms. Pailin Buranamittranond /
Ms. Bussakorn Nunthavichitra
Tel. 02 3146877-9 Fax. 02 3188847