Published on November 16, 2005
Union protests agency closure
Around 200 union members of the Express Transportation Organisation of Thailand (ETO) gathered yesterday in front of the ETO’s head office in Bangkok to protest a government plan to dissolve the agency.
Union chairman Apidej Nammontri said that ETO staff had worked hard but had not received a pay rise for eight years. The union would like the government to rehabilitate the organisation rather than abandon it, he said. Apidej said that if the ETO were dissolved, its 1,700 staff would suffer greatly.– The Nation. ---------------------------------------- Thai Storage: Bt1 bn expansion Thai Storage Battery Plc, manufacturer of 3K Batteries, is considering a Bt1-billion expenditure to produce stationary batteries, said managing director Veerawat Korphaibool. The project may start next year, if a study shows a high market demand, he added. Stationary batteries are used for reserve electricity in hospitals, hotels and office buildings and are currently imported from Japan, the US and Europe. Yesterday, the company reported sales of Bt2.12 billion and a net profit of Bt135 million in the first nine month of this year. The company expects sales to reach its target of Bt2.5 billion by the end of this year, up 10 per cent from last year. – The Nation. ---------------------------------------- Men’s skincare: Nivea expanding Beiersdorf (Thailand) Co Ltd, an importer and manufacturer of Nivea and Nivea for Men, plans to capture a 40-per-cent market share next year in the men’s skincare market, estimated by AC Nielsen to be worth Bt1.4 billion, said marketing manager Thanachai Chaikittivanich. To boost its market share next year, the company will launch more products to open new market segments. Currently, the company enjoys a market share of 36 per cent, followed by Axe at 19 per cent and Tros at 14 per cent. – The Nation. ---------------------------------------- Land and Houses: Profits slip 24% Land and Houses Plc, a Thai residential-property developer, said late on Monday that its net profit for the third quarter slipped 24 per cent on year, due mainly to lower investment gains. For the three months ended September 30, the company posted a net profit of Bt1.48 billion, down from Bt1.96 billion for the same period last year, reported a financial statement filed with the Stock Exchange of Thailand. – The Nation.
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