Cement News tagged under: TPI Polene

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TPI Polene claims waste-fuelled power is unsustainable

07 November 2018, Published under Cement News

TPI 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 prospects

01 April 2015, Published under Cement News

TISCO 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 issue

12 January 2015, Published under Cement News

Thai-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 capacity

20 October 2014, Published under Cement News

TPI 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, Thailand

21 October 2013, Published under Cement News

TPI 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, Thailand

30 May 2013, Published under Cement News

TPI 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, Thailand

25 March 2013, Published under Cement News

Thailand-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...

TRIS assigns TPIPL at BBB+/Stable, Thailand

03 October 2012, Published under Cement News

TRIS 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%, Thailand

21 May 2012, Published under Cement News

TPI 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...