Cement News tagged under: TPI Polene
TRIS assigns TPIPL at BBB+/Stable, Thailand03 October 2012, Published under Cement NewsTRIS Rating Co Ltd has assigned the company rating of TPI Polene PLC (TPIPL) at BBB+ with stable outlook. The rating reflects a strong position of TPIPL in domestic cement market as the third largest cement producer, its leading status in LDPE Homopolymer (LDPE) and LDPE Copolymer (EVA), product diversification, expected benefits from cost saving initiatives, and currently low financial leverage. The rating is, however, partially offset by the cyclical nature of engineering and constru... |
TPI Polene 1Q profit falls 17%, Thailand21 May 2012, Published under Cement NewsTPI Polene posted a normalised profit of THB299m for 1Q12, down 71% YoY, but a marked improvement from a loss of THB105m in 4Q11. The YoY decline was mainly due to gross margin drop from 32.3% to 18.3% due to lower cement and LDPE margins; and a 21% jump in S&A expenses. Cement margin narrowed YoY due to a THB200/t YoY fall in local cement prices. The QoQ improvement stemmed from 27.5% sales growth as demand for all products recovered from the 4Q1 flooding crisis. In terms of the ce... |