Cement News tagged under: TPI Polene
Thailand pins hopes on Land Bridge Project21 November 2023, Published under Cement NewsThailand’s economy grew much slower than expected in the third quarter of 2023. According to the country’s National Economic and Social Development Council (NESDC), GDP expanded by just 1.5 per cent over the three-month period, significantly lower than the 2.4 per cent growth estimated by Reuters. The disappointing result, which marks the slowest quarterly expansion this year, is being attributed to poor exports and government spending. TPI Polene also cited Thailand’s manufacturing ... |
TPI Polene reports 10% sales drop in 9M2317 November 2023, Published under Cement NewsTPI Polene ’s sales performance in the 9M23 was 10 per cent lower YoY to THB33,528m (US$945.5m), while EBITDA generated was down 27 per cent YoY to THB8127m. The main factor for the lower performance this year was the 44 per cent YoY decline in the sales of the Specialty Polymer/Chemical division to THB6488m because of lower product prices and volume disruption early this year due to major maintenance shutdown. The achieved EBITDA was also lower primarily due to the lower spread in specialt... |
TPI Polene posts 2Q22 sales growth of 21%25 August 2022, Published under Cement NewsTPI Polene posted a 21 per cent YoY growth in sales in the 2Q22 to THB12.5bn (US$346.2m) and 24 per cent growth in revenues to THB13.6bn, partly thanks to forex gains. Overall, the lower volume sales in some product categories were offset by price adjustments compensating for input costs that have been rising since late 2021. For the 1H22 sales reached THB25bn up 29 per cent YoY. The company’s gross profit and core operating margins, at 28.6 and 22 per cent respectively, were still l... |
TPI Polene claims waste-fuelled power is unsustainable07 November 2018, Published under Cement NewsTPI Polene has complained about the quality of national waste sorting in Thailand. The company has invested about THB4bn (US$121.9m) in waste-fuelled power plants. But high operational costs, including sorting, make the waste-to-energy business unsustainable, says the Thai cement producer. The lack of sorting means that Thailand's wet and damp waste can only generate about 1200kcal of energy when it is burned in the cement kiln. Japanese cement kilns generate 4000kcal from sorted waste f... |
TPI Polene: solid growth prospects01 April 2015, Published under Cement NewsTISCO Securities has reinitiate coverage of Thai cement producer TPI Polene with a ‘Buy’ based on exciting growth prospects. Coverage on TPIPL is reinitiated with a 'Buy' rating as the company is expected to post strong three-year CAGR in normalised profit of 160 per cent. Key earnings drivers are: 1) its expansion into alternative fuel power plant with a total capacity of 199MW over the next three years; 2) a 50 per cent increase in its cement capacity from investment in its fourth cemen... |
Thailand: TPI Polene bond issue12 January 2015, Published under Cement NewsThai-based cement producer TPI Polene says it will issue two tranches of THB6bn (US$182.5m) worth of debentures. Prachai Leophairatana, chief executive of TPI, said the first tranche would be a four-year debenture carrying a coupon rate of 4.85 per cent while the second tranche for five years carries a coupon rate of 5.20 per cent. Both tranches of debentures are senior unsecured debts and the debts will be ready for subscription on 19-21 January 2015. CIMB Thai Bank has been selecte... |
TPI Polene to invest THB3bn to double WtE power plant capacity20 October 2014, Published under Cement NewsTPI Polene, Thailand’s third-largest cement producer intends to spend THB3bn (US$93m) to double the capacity of its waste-to-energy (WtE) power plant in Saraburi to 120MW. Pakkapol Leoprirut, assistant vice-president for finance, said the company's waste-to-energy power plant had been producing 60 MW to serve the cement work. with all new output will also serve the same plant. The new works will come online in 4Q15 and ramp up to full capacity in 1H16. Last year, the company raised i... |
Siemens wins new order from TPI Polene, Thailand21 October 2013, Published under Cement NewsTPI Polene Public has placed an order with Siemens for engineering and supply of the power distribution system and drives for a new clinker production line in Saraburi, Thailand. Siemens will be supplying the drive solutions as well as the switchgear for the high, medium and low-voltage distribution systems and is also responsible for project management and engineering. The deal for the drive systems covers 20 slip-ring rotor motors for the main drives, 12 gear units, 33 variable-speed d... |
TPI Polene awards ThyssenKrupp contract for 10,000tpd line, Thailand30 May 2013, Published under Cement NewsTPI Polene, one of Thailand’s top three cement producers, has awarded ThyssenKrupp a EUR150m contract to build a 10,000tpd kiln line at the Saraburi works, near the capital Bangkok. "This contract underlines our longstanding partnership with Thailand in the plant construction sector. We are delighted to be able to use our engineering expertise to support the Thai cement industry and serve the growing demand for cement with our energy-efficient facilities," Dr Hans Christoph Atzpodien, CEO o... |
TPI Polene to construct new kiln line, Thailand25 March 2013, Published under Cement NewsThailand-based cement producer TPI Polene is to construct a new line at its Saraburi cement works as steady growth on the local market is expected to continue. The Bangkok Post reported that company plans to spend THB10bn up to 2016, half of which will be on the clinker line and the balance on a renewable energy project. The new kiln line will lift capacity at the 9.07Mta Saraburi cement works by 33 per cent. The fourth kiln is a project that has been postponed since the 1997 Asian Finan... |