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"With strong business potential and skills, we're confident that we can win the bids," said managing director Pradej Kitti-itsaranon.

In 2007, the company's revenue was Bt2.2 billion. Demco posted a 68.9-per-cent increase in first quarter net profit this year, from Bt31.70 million last year to Bt53.53 million. Net profit rose though revenue dropped 1.78 per cent year on year as a result of the sharp increase in the price of structural steel.

Demco is now conducting the second phase of expansion of a steel plant to lift the plant's total capacity to 12,000 tonnes per annum.  - The Nation