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.
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The Nation (Thailand) story
CPR Gomu Industrial website
