TPI Polene gains

TPI Polene gains
Published: 04 March 2004

TPI Polene Plc (TPIPL), the country’s third-largest cement producer, projects that its 2004 income will expand by at least 15 per cent from last year’s income of 19 billion baht on the back of higher prices for cement and plastic pellets.  “We believe our revenue will increase by about 15 percent this year since prices of cement and plastic pellets climbed up by about 10-15 percent,” Prasert Ittimakin, senior vice president of TPIPL said.  Meanwhile, TPIPL chief executive officer Prachai Leophairatana said his firm’s 2004 earnings before interest, tax, depreciation and amortization (EBITDA) is projected at more than seven billion baht which will be better than last year due to the higher price of cement.  He added that the higher domestic price of cement has prompted TPIPL to adjust its marketing plan to focus more on the local market rather than the export one. TPIPL’s current local and overseas sales in cement are 80 and 20 percent respectively, he said and added that TPIPL currently produces 9Mt of cement a year, which is its full production capacity.