CCP sees a positive outlook for the concrete industry in the second half of 2023, benefiting from the new government that will continue to invest in the Eastern Economic Corridor (EEC). The company anticipates a revival of public and private sector projects, focusing on developing special specification precast concrete products to enhance production efficiency, supporting mega projects, and infrastructure and landscape work, while maintaining a backlog of 2 billion baht and targeting revenue of 2.5 billion baht this year. 
 
     Mr. Arthit Teepakornsukasem, Managing Director of Chonburi Concrete Products Public Company Limited (CCP), revealed that the demand for concrete products in the second half of the year is promising, supported by the establishment of the new government that will push forward investments and continue construction work in infrastructure projects within the EEC, such as the Map Ta Phut Industrial Port and various ongoing public sector projects like road construction. Meanwhile, private sector investments are awaiting clarity following the government's formation, with expectations that investor confidence in the real estate sector will return in the latter half of the year. 
 
For CCP's business plan in the second half of the year, the focus will be on developing special specification precast concrete products to cater to diverse infrastructure and landscape projects, such as large concrete pipes and concrete barriers, to expand the customer base nationwide. The company also aims to enhance profitability and improve machinery for increased production efficiency, emphasizing participation in public sector projects, particularly large-scale mega projects and continuing to follow up on various projects like the Map Ta Phut Industrial Port and U-Tapao Airport projects. 
 
In the private sector, the focus will be on securing contracts in industrial estates that are continuously under construction. Although the overall growth of contractors and small real estate developers is relatively modest, some real estate developers are still expanding their operations. Nevertheless, the company remains committed to continuously developing its precast product line to better meet customer demands. Recently, the company has introduced its products to clients through various channels, receiving positive feedback and gradually receiving orders. 
 
 
     Currently, the company has a backlog of approximately 2 billion baht, which it expects to recognize as revenue over the next 1.5 years, with 60% of this revenue expected to be recognized within this year. The company plans to continue bidding for additional projects in the future to maintain its backlog at no less than 2 billion baht. For this year, the company has set a revenue target of approximately 2.5 billion baht, with 80% of revenue coming from public sector projects and 20% from the private sector.