(Add 3) BPB confident in investment expansion in Thailand and the region

29 Aug 2000

Bangkok--Aug 29--Siam PR. Consultant

THAI GYPSUM PRODUCTS PUBLIC COMPANY LIMITED (TGP)

With a goal of becoming internationally recognized and strength to compete in the global arena, Thai Gypsum Products Pcl is certainly one of Thailand's first leading gypsum board manufacturers. The company create products for integrated construction requirement and building of modern homes, beginning with production of quality living units for utmost customer satisfaction.

Thai Gypsum Products Pcl is the pioneer in gypsum board production. It is the first in Thailand to manufacture and distribute integrated gypsum products under the name "House Brand" since 1968. The company has paved the way for the dry system construction using gypsum products instead of regular concrete. The practice is now widely accepted with Thai Gypsum Products Pcl soaring high as leading manufacturer in Thailand and the Southeast Asian region exporting variety of products to various destinations including Asia and the Pacific to draw billions in foreign capitals.

Thai Gypsum Products Pcl has developed local business into a competing international venture, creating new products and services related to gypsum with expertise. At present, apart from gypsum board, Thai Gypsum Brand represents a complete line-up of products and services including the following:

  • consultation on how to install plasterboard on ceilings and walls
  • Fire Protection, sound protection and heat insulation using gypsum system which offers modern design, beauty and durability
  • metal stud
  • plaster

History

1956

began gypsum business and exported gypsum ore.

1968

began the first gypsum board production in Thailand, while establishing Thai Gypsum Products Co., Ltd. and production plant in Bang Pa-in District, Ayuthaya Province.

1982-1992

continuously developed the business and invented new products to facilitate dry system of construction. These products included galvanized steel, paint, acoustical ceiling tiles, gypsum ceiling coated with polyvinyl chloride, steel roof structure and Exterior Insulation and Finish system.

1992

expanded production capacity to respond to growing demand in domestic and overseas markets. The second gypsum plant was launched at Laem Chabang Industrial estate, Cholburi Province with annual capacity of 15 million sheets, the most modern production facility in Asia-Pacific at the time.

1994-1999

invented and manufactured ready-to-assemble TG Modular - product that created additional value to conventional product line-up.

2000

entered a strategic alliance with British Plaster Board (BPB) - leading manufacturer of gypsum and plaster boards in the world, which is based in United Kingdom.

BPB Thai Gypsum

BPB has a 70.7% shareholding in Thai Gypsum as a combination of direct holding and through its Thai investment partner Thaigips holdings.

Thai Gypsum has been relisted on the SET under the category of 'Companies undergoing rehab' although it was released from rehabilitation (the first company to have achieved this direction) last April. It anticipates transfer in listing to 'Building and Furnishing' once it meets the requirement of filing its second quarterly accounts since exit from rehab, which it will do for the July to September 2000 quarter.

It has two main gypsum manufacturing operations at Laem Chabang and Bang Pa In and a metal rolling mill, together with four large gypsum deposits.

With a staff of 750, market share in Thailand of 45%, it produces around 25 million square metres of plasterboard with annual turnover of around THB 1.5 billion.

Senior management remain confident that the business will return to profit during this financial year.

For more information please contact;

Jidapa Pramualsub, Benjamaporn Bumraprak

Siam PR. Consultant Co.,Ltd.

Tel.693 7835-8, 01-817 7153, 01-6138426 End.

-AN-

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