Delta Electronics Public Company Limited Approves the Additional Investments for Construction of New Factory
October 26, 2018 at 06:46 am EDT
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Delta Electronics (Thailand) Public Company Limited has approved the investments in India for purchase of land in Krishnagiri, India. The Board of Directors' meeting this time approved the construction of building for factory on the purchased land. Details of the project are as follows: Construction date: Start construction in November 2018, Size and location: Domestic factory area 87,370 Sq.m. and Export factory area 117,858 Sq.m. in Krishnagiri, India, Value of the transaction: Estimated construction cost is INR 6,514 million (approx. USD 93.06 million or THB 3,051 million), Size of the transaction: About 6.33% of the Company's total assets based on its consolidated financial statements as of 30 September 2018. Contractor: No relationship with the company, Payment term: Base on cash flow need, Expected benefits from this transaction: To support business expansion. Source of Fund: From operating profit of the Company. This investment will be done through capital injection in Delta Energy Systems (Singapore) Pte Ltd. and will subsequently be injected into Delta Electronics India Pvt Ltd. Construction of new factory (Plant 7) in Wellgrow Industrial Estate, Chachoengsao Construction date: Start construction in December 2018. Size and location: Factory (plant 7) area 44,866.5 Sq.m. in the same area of plant 6, Wellgrow Industrial Estate, Chachoengsao province. Value of the transaction: About THB 939 million Size of the transaction: About 1.94% of the Company's total assets based on its consolidated financial statements as of 30 September 2018. Contractor: No relationship with the company. Payment term: Base on cash flow need. Expected benefits from this transaction: Support products growth in the future by expand production capacity. Source of Fund: Working capital of the Company.
Delta Electronics (Thailand) Public Company Limited is a Thailand-based company engaged in the manufacture and distribution of electronic products, together with related research and development. The Companyâs segments include Power electronics, Infrastructure and Automation. Its Power electronics segment designs, manufactures, and sells power supplies applied to computers, servers, office automation equipment, household electric appliances, and automotive electronic products. Its Infrastructure segment designs, manufactures, and installs information and communication technology infrastructure and energy system infrastructure. Its main products include telecommunication systems, renewable energy, energy storage, and high power. Its Automation segment designs, manufactures, and installs industrial and building automation. Its main products include machine automation, industrial motion systems, smart sensor systems, lighting automation for buildings, and others.