CPANEL is pleased with the continuous orders for Precast Concrete and is preparing to install new machinery to enhance speed and expand production capacity by 5-10%, which will boost gross profit margins. This move supports the growth of the real estate sector as operators adapt to reduce construction time and take on new projects, with 7 projects valued at over 199 million baht. They are confident that in 2021, revenue will grow by at least 35% in line with new targets, along with improved profitability.

Mr. Chakrit Tipakornsukasem, Managing Director of CPANEL Public Company Limited, a producer and distributor of fully automated precast concrete products used in real estate construction projects, revealed that the company's performance for the first nine months of 2021 has shown significant growth, with a net profit of 20.19 million baht, surpassing the total profit of 13.13 million baht for the entire year of 2020. The trend for the fourth quarter of 2021 indicates a steady influx of orders for both horizontal and vertical projects.


Mr. Chakrit Tipakornsukasem, Managing Director of CPANEL Public Company Limited

The company is preparing to install new machinery to support the anticipated growth of the real estate market, which is showing signs of recovery in 2022. CPANEL is the first to introduce this technology to enhance production efficiency, enabling faster production of precast concrete and expanding production capacity by 5-10%. Additionally, it is expected to improve gross profit margins due to more effective cost control.

“Overall, the real estate market in 2022 is expected to grow by about 10-15% as operators accelerate stock clearance and expand growth in major cities, especially in the Eastern Economic Corridor. Furthermore, the domestic economy is expected to gradually recover, with consumer purchasing power returning in many areas, leading to continued demand for housing projects. However, given this trend, competition among operators is expected to intensify, necessitating strategic adjustments to reduce construction costs, minimize labor, manage risks, shorten construction time, and utilize materials that expedite construction. Precast concrete technology meets these demands,” Mr. Chakrit stated.

Currently, the company has secured new projects from both existing and new clients, totaling 7 projects such as Motif Townhouse, Samakorn Khu Bon, Pano Zen, Victoria, Sansiri K-series On Nut, TMT Land, and Kanda Lam Luk Ka Klong 2, with a total value exceeding 199 million baht. Additionally, negotiations are ongoing with several clients in both horizontal and vertical sectors, with clarity expected soon. They are confident that operations in 2021 will achieve the revised revenue target of at least 35%, and the company's profitability will continue to improve.