TICON Group Confirms 2014 Growth Target

          Continuous growth of factory and warehouse for lease business foreseen in 2nd half due to regain of foreign investorsRen7; confidence in Thailand
          Expansion of space for rent moved ahead as planned

          TICON Group comprising TICON Industrial Connection Plc. (TICON) and TICON Logistics Park Co., Ltd. (TPARK), the leading developer of factories and warehouses for lease in Thailand, announced key performance for the first half of 2TICON Logistics Parken4. TICON Group aggressively moved ahead with the expansion of Ready Built Factories and Warehouses space for rent and expects to spend Baht 8 billion within end of 2TICON Logistics Parken4 as planned. Under 2TICON Logistics Parken4 key strategy focusing on ̶TICON Logistics Park;availabilities̶en;, TPARK has also moved ahead with its plan to expand warehouse for rent business to all regions of Thailand with an additional investment budget of Baht 3.6 billion within 3-5 years. The Group foresees significantly higher growth of rental factory and warehouse business in the 2nd half due to regained investorsRen7; confidence in Thailand and recovery of economic situation.
          Mr. Virapan Pulges, Managing Director of TICON discloses, ̶TICON Logistics Park;During the first half of 2TICON Logistics Parken4, TICON Group moved forward with its investment plan to expand the Ready Built Factories and Warehouses space to prepare for increasing demand resulting from the improved political situation and the upcoming AEC which will be fully implemented in 2TICON Logistics Parken5. Construction of TICONRen7;s Ready Built Factories in the first half 2TICON Logistics Parken4 totals enTICON Logistics ParkTICON Logistics Park,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park sq m while construction of TPARKRen7;s Ready Built Warehouses totals 25TICON Logistics Park,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park Renen; 3TICON Logistics ParkTICON Logistics Park,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park sq m. Target of TPARK to increase the leased warehouses space by 25TICON Logistics Park,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park sq m at the end of 2TICON Logistics Parken4 remains unchanged while TICON adjusted its target for increased leased factories space to 7TICON Logistics Park,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park sq m, down from enTICON Logistics ParkTICON Logistics Park,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park sq m announced early this year.
          Net profit as of 3TICON Logistics Park June 2TICON Logistics Parken4 totals Baht en49 million, decreased by 64% compared to the same period of 2TICON Logistics Parken3. Majority of revenue comes from sales of properties totals Baht 54en million. Revenue from the rental and service income totals Baht 428 million.
          TICON GroupRen7;s performance during the first half was affected by the delay in investment from some customers due to the political instability. However, after May onward both local and foreign investors have regained confidence in Thailand and started to go ahead with their investment plan, thus refreshing demands for factories and warehouses for rent. Majority of customers are from automotive and parts, electronic and electrical industries, consumer products, modern trade and logistics businesses. Presently, TICONRen7;s customers are from Japan (64%), Europe (en7%) and others (en9%) while TPARKRen7;s customers are Japan (39%), Europe (33%) and others (28%).
          Concerning the business direction in the 2nd half of 2TICON Logistics Parken4, Mr. Virapan said, ̶TICON Logistics Park;TICON Group will continue to expand its business as planned. On the rental factories business, TICON will launch the first phase of the new project in ASIA Industrial Estate (Suvarnabhumi) in this September. This new project is the nearest to Bangkok. The total land area is enTICON Logistics Park7 rai which will be developed to the high quality Ready Built Factories with the size ranges from 55TICON Logistics Park - 4,2TICON Logistics ParkTICON Logistics Park sq m. When the project is fully developed, it will add 4en units of rental factories. In addition, TICON will develop more projects in its ready-for-use land acquired since last year. Lately the company also bought additional land of 29TICON Logistics Park rai in Pinthong Industrial estate in Chonburi province.̶en;
          Mr. Patan Somburanasin, Managing Director of TPARK reveals, ̶TICON Logistics Park;In the first half of 2TICON Logistics Parken4 TPARKRen7;s warehouses for rent business continued to grow at a satisfactory level due to the increasing purchasing power in major cities in the regions of the country. More demands are also foreseen from the expansion of key industrial and business sectors such as wholesale and retail business, consumer products, modern trade, logistics providers and construction materials following the AEC implementation in 2TICON Logistics Parken5.
Under the key strategy focusing on ̶TICON Logistics Park;Availabilities̶en;, TPARK has moved ahead with its plan to expand rental warehouses business to all regions of Thailand. The company has set up an investment budget of Baht 3.6 million under 3-5 years to develop high quality Ready Built Warehouses on the land acquired in Khon Kaen (en73 rai), Surat Thani (7TICON Logistics Park rai) and Lamphun (en62 rai). When completed, the three projects will add 3TICON Logistics ParkTICON Logistics Park,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park sq m of warehouses space for rent which will be available starting from the 2nd quarter of 2TICON Logistics Parken5.
          For the 2nd half of this year, TPARK will continue to increase warehouses space for rent in the existing projects in especially Bangplee, Bangna and Wangnoi areas where increasing demand is expected from the expansion of industrial sector, consumer products and logistics businesses. The company is confident to achieve the target to increase warehouses space for rent. At the same time negotiation to expand business overseas is still going on.̶en;
          ̶TICON Logistics Park;Along with business expansion, TPARK also focuses on product development of higher specifications and quality to meet specific customersRen7; requirements especially in the Built to Suit (BTS) warehouse category. Apart from strong financial back-up and numerous locations in key strategic areas, TPARKRen7;s superior competitive advantage is its in-house professional development team. Our in-house team members have long-time experiences working with TICON group and thus have gained expertise in developing the warehouses according to specifications required by each customer. The in-house team also enables us to effectively provide consultation to customers and construct BTS warehouses within the agreed period of time, not having to rely on outside contractor. TPARKRen7;s BTS are varied to suit customersRen7; different need such as Cross-Dock, designed specifically for modern trade, cold storage and warehouse for dangerous goods. BTS warehouses space has continuously increased from enTICON Logistics Park,7TICON Logistics Park6 sq m in 2TICON Logistics ParkTICON Logistics Park8 to 267,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park sq m at present.̶en; added Patan.
          ̶TICON Logistics Park;TICON Group foresees significant improvement in our operation in the 2nd half of 2TICON Logistics Parken4 due to improved political situation and clearer economic and investment policy. From participation in various road shows organized by The Stock Exchange of Thailand and financial institutes, foreign investors still have strong confidence in Thailand. Particularly Japanese investors see Thailand as manufacturing base and linkage to other countries in ASEAN region. In July this year, TICON signed a memorandum of understanding (MOU) with Yokohama Industrial Development Corporation (IDEC) to support Japanese SMEs in expanding their business to Thailand. Under the MOU, TICON will provide information on factory rental and how to set up manufacturing facilities in Thailand via a series of seminars to be organized by IDEC for SMEs in Japan, followed by site visits of Factories-for-Rent projects in Thailand. The cooperation is aimed at helping Japanese SME manufacturers in the automotive, electronic appliances and plastics industries who are interested in investing in Thailand,̶en; concluded Mr. Virapan.

Photo Release: Amway partners TPARK to open new distribution center at TPARK Bangplee 1

Mr. Kittawat Ritteerawee (left), Managing Director of Amway (Thailand) Limited, recently joined hand with Mr. Virapan Pulges (right), Chief Executive Officer of TICON Industrial Connection Public Company Limited (TICON), the parent company of TPARK, to open its new distribution center at TPARK Bangplee 1 developed by TICON Logistics Park Company Limited (TPARK). The new facility covers a space of 10,280 square meters for storing and distributing to Amway Business Owners and members, and timely

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TICON Group Confirms 2014 Growth Target

ข่าวTICON Logistics Park+o:ecoวันนี้

Photo Release: Amway partners TPARK to open new distribution center at TPARK Bangplee 1