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…

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