Chonburi Concrete Product Plc (CCP) believes its revenue will increase this year, thanks mainly to the government’s massive investment in mega-projects.
The company’s top executive said yesterday it had revised its revenue estimates from Bt2 billion to Bt2.6 billion after receiving a large new order.
Pratheep Theepakornsuk-kasem, chairman of ready-mixed concrete producer CCP, said the company was interested in many state projects which would gradually open for tender this year.
The projects include the purple-route high-speed train project, from Bang Sue to Bang Yai, the Samut Sakhon-Cha-am-Laem Pakbia elevated bypass road, and the bypass road project connecting Chon Buri and Pattaya. These projects are worth over Bt100 billion.
Pratheep said there was a strong possibility his company could join forces with its allies, including Sino-Thai Engineering and Construction Plc and Siam City Cement Plc in bidding for these projects.
Chon Buri Concrete yesterday signed a memorandum of understanding to supply one million cubic metres of ready-mixed concrete worth Bt1.6 billion to Sino-Thai Engineering and Construction Plc over the next three years, Pratheep said.
Pratheep expects the company’s revenue to grow 25 per cent this year, and 70 per cent of that growth is expected to be directly linked to government projects.
Currently, Chon Buri Concrete has project backlogs of Bt2.5 billion, Bt1.5 billion of which will be realised as revenue on the company ledger this year.
The company’s 2004 net profit is expected to be about Bt20 million, Pratheep said.
Published on March 01, 2005