PDI expects its 2017 performance will improve significantly from 2016 on the back of rising global zinc price and the higher revenue realization from solar farm projects. The company is ready to invest more in new businesses.

Real Estate Press Releases Wednesday March 8, 2017 12:20
Bangkok--8 Mar--IR network

PDI also projects to grow its solar farm business locally and abroad to exceed 150 megawatts over the next three years. It will move forward to do high added-value materials for recycling and industrial waste management businesses in the coming years.

Mr. Francis Vanbellen, managing director of Padaeng Industry Plc (PDI), noted the company's 2017 financial performance is expected to rise from 2016, which posted a net profit of 478 million baht, the highest in the past five years and surging 216% or 327 million baht from 151 million baht net profit in 2015.

This year, PDI will realize major revenue from its core zinc business at 90% as it has low-cost zinc ores from the Mae Sot mine more than 25,000 tons and will import zinc ores for another 35,000 tones to serve rising demand from local customers. Meanwhile, global zinc price will continue to hike this year from xxxx dollar/ton as of Mar 6, 2017. If the zinc price continues to rise, it will eventually benefit the PDI performance this year.

Moreover, the company expects to generate the remaining 10% revenue from its new alternative energy business including its first solar power plant in Japan with the 2.27 megawatt capacity, which started commercial operation since Oct 3, 2016, and the 5.25-megawatt Mae Ramat Solar Farm in Tak province, which was acquired in late 2016.

Besides, PDI will start booking additional revenue from two new solar power plants in Japan including the 10.53-megawatt Nogata Solar Farm and the 2.2-megawatt Ryoshiya Solar Farm, which are due to start commercial operation in the second and third quarter, respectively.

"In 2016, PDI will continue to make more investment in three new businesses including energy, materials and environmental management," Mr Vanbellen said.

Currently, the company's alternative energy business is well progressed after it has plans to invest more in solar farm projects in Thailand and abroad with combined capacity of 150 megawatts in the next three years. It will require an investment of 2.3 billion baht, of which 600 million baht will come from PDI's funds.

For the material business, the joint venture PDI-CRT in Rayong will produce high added-value materials made from recycled resources. The project is now under the process of factory design and initial engineering work, which is due to finish by the middle of this year, and then the construction will begin and due to start commercial operation in early 2019. This joint venture project got supports from the Department of Industrial Works since April 19, 2016.

For the environmental management business, PDI has the ongoing PDI Tak Eco project, which is the joint venture with Dowa Eco System Co. The project is now in the permission-seeking process to operate the full-integrated industrial waste management operation in Tak province with the annual capacity of 50,000 tons of industrial waste for the North and Central region in Thailand. This industrial waste management project also got supports from the Department of Industrial Works as it is in line with the country's strategic policy in handling industrial waste.

"PDI is confident that our projects in three new businesses will be successfully as expected and all of them will start commercial operation within 2019, which will mark the company's new business chapter and build strength and sustainable growth in long term," Mr Vanbellen said.


Latest Press Release

Central Pattana announces its 5-year vision to #Co-Create Center of Life pioneering future trends of retail property in digital era and investing on business expansions around 100 billion baht within next five years

- Join forces with partners to highlight 'Co-Create Center of Life' vision through 3 major strategies: Co-Creating Destination Concepts, Co-Creating Digital Platforms, and Co-Creating Partnerships - Invest around 100 billion baht within five years both...

Origin partners with Fulcrum Global to bolster its presence overseas. Launching Hong Kong office, targeting 15 billion baht sales value in three years.

Thailand's Top 5 property developer Origin Property Public Company Limited (ORI) forms an alliance with Fulcrum Global (Fulcrum), a leader in international real estate based in Hong Kong, to be its investment partner as well as sole foreign distributor...

เซ็นทรัลพัฒนา บุกเบิกเทรนด์อนาคตรีเทลฝ่ายุคดิจิตอล ชูวิสัยทัศน์ Co-Create Center of Life อย่างเป็นรูปธรรม ภายในปี 2022 เสริมแกร่งธุรกิจทุ่มงบกว่า 1 แสนล้านบาทใน 5 ปี สร้าง The New Landscape วงการรีเทล

- ผนึกพลังพันธมิตร ชู "Co-Create Center of Life" ผ่าน 3 กลยุทธ์สำคัญ ได้แก่ (1) Co-Creating Destination Concepts ปรับพื้นที่ให้ลูกค้ามาใช้ชีวิตตามไลฟ์สไตล์ของตนเอง (2) Co-Creating Digital Platform ที่ให้ Seamless Experience สร้าง Real-Time Personalized...

Tinidee Hotel@Bangkok Golf Club A Business and Leisure Center in Pathum Thani

"Tinidee Hotel@Bangkok Golf Club", a fresh and exciting resort under the Tinidee Brand. The perfect location for business and leisure travelers, the hotel nestles between two of Thailand's finest golf courses, Bangkok Golf Club and Riverdale Golf Club....

Sansiris 98 Wireless Luxury Condominium awarded with Residential Property Award for Thailand in annual Asia Pacific Property Awards 2018

Sansiri Public Company Limited, Chief Executive Officer, Mr. Apichart Chutrakul, accepts the Asia Pacific Property Award 2018 - Residential Property in Thailand, for 98 WIRELESS, Sansiri's latest flagship luxury condominium. Sansiri Public Company...

Related Topics