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Published on March 14, 2008

As a result, the company could save 10 per cent in production costs.

Paopitaya Smutrakalin, director for planning and investment relations, said new tax cuts for the property business would directly benefit the company. "Being in the industrial-park sector, the company can save 5.3 per cent on costs occurring from the transfer of land to clients, while the property sector can save 4.3 per cent on transfer costs," he said.

Hemaraj had a burden of Bt100 million in transfer fees last year, before the government's new tax scheme.

Out of a Bt1.5-billion industrial-estate backlog, Bt900 million worth is in Map Ta Phut and Bt600 million along the Eastern Seaboard.

Paopitaya said the company had targeted revenue growth of 10-15 per cent to Bt5.2 billion this year. It also plans to sell 1,300 rai of industrial-estate land, half of which will be sold during this first quarter.

"Now the industrial estates are on an upturn. Hemaraj has therefore targeted Bt10 billion in revenue from 2009-13," Paopitaya said.

Hemaraj has set a 2008 investment budget of between Bt4.5 billion and 4.8 billion for power plants and water systems.

Siriporn Chanjindamanee

The Nation