Cement News tagged under: TPI Polene
TPI Polene to construct new kiln line, Thailand25 March 2013, Published under Cement NewsThailand-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, 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... |