Auto supplier plans to float on Thai exchange
CPR Gomu Industrial Co, a supplier of rubber components to Thailand's automotive sector plans to sell 55 million shares on Thailand's Market for Alternative Investment, before the year's end. Local press reports indicate the Ayutthaya-based firm has consistently shown growth above 10 percent annually, with profits doubling to Baht 37.18 million (€726 000) in 2003, from Bt16.82 million a year earlier. Sales in 2003 were Baht 300 million.
CGI supplies about 60 percent of its output to Nissan, and uses some Kinugawa Rubber technology to make components. The company makes grommets and anti-vibration components for the automotive sector.
This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.
The Nation (Thailand) story
CPR Gomu Industrial website
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive