SOURCE: Nava Nakorn Public Company Limited

Nava Nakorn Public Company Limited

August 16, 2012 05:00 ET

Nava Nakorn, Ready to Test the Efficiency of the 1st Permanent Flood-Prevention Wall Ever, Invites the Prime Minister to Witness

Nava Nakorn Has Recently (August 10) Tested the Efficiency of the Permanent Flood-Prevention Wall, Witnessed by Prime Minister Yingluck Shinawatra

BANGKOK, THAILAND--(Marketwire - Aug 16, 2012) -  Nava Nakorn Public Company Limited was established in 1971 to operate in the business of industrial estate development with complete infrastructure and facilities.

Navanakorn, the first Industrial Promotion Zone in Thailand, is located at a very prime location, accessible to the Central Business District (CBD) of Bangkok from 4 directions.

It provides superb facilities and utilities to the investors inclusively, particularly the labor force and the infra-structure for the production of large-scale, medium-scale, as well as small-scale industries, with utmost benefits and incentives.

The investors find Navanakorn attractive for the investment due to the fact that Navanakorn is the first industrial estate that is fully equipped and ready in all aspects.

Most importantly, Navanakorn has implemented the permanent flood-prevention system, with the current investment B 1,200 million baht (US$ 40 million) to build the permanent flood-prevention wall.

Mr. Nipit Arunvongse Na Ayudhya, Managing Director of Nava Nakorn Public Company Limited (Navanakorn PCL.), said, "The key objective of the official testing ceremony today is to create utmost confidence among the factory owners, management, employees, shareholders and stakeholders, as well as the potential investors, industrialists, both the local & international media and the public. Navanakorn management is highly committed and determined to take the best care, protecting our customers and their properties from the flood disaster damage, as promised. The testing focused on the capability of the flood-prevention wall which will be able to control the flood of similar magnitude, if any, this year and onwards. The operation is ready now and will be fully operated at the end of September."

"We really appreciate the Prime Minister, as well as the Thai and international investors, particularly the Japanese and the media who have accepted our invitation and came all the way to witness the testing today. We would like to emphasize that Navanakorn management deeply realize the seriousness and are wholeheartedly willing to prevent, minimize and solve the problems to ensure continuous investment, especially by the Japanese investors, then gaining the confidence back through tangible solution," emphasized Mr. Nipit.

The efficiency of the permanent flood-prevention wall testing today has been supported by the Royal Thai Navy, courtesy of the Naval Engineering Command, by providing 2 water thruster boats with 220 horse power motor pressure and 37 pounds/square inch maximum water pressure, to cope with the water impact. The capability of this permanent flood-prevention wall can surely cope with the amount of flooding similar to last year's, to ensure that the factories will be able to operate as usual.

Mr. Nipit added that, "Today there are altogether 215 factories at Navanakorn Industrial Promotion Zone, the highest number of factories among the industrial estates in Thailand. There are 186 factories in operation, 18 factories under renovation, 20 closed down, and this year 4 new factories opened and 7 factories are under expansion. It is therefore evident that investors continue to have confidence in Thailand. It is expected that today's testing of the permanent flood-prevention wall can further create confidence among investors. Natural disaster is inevitable but it is preventable, based on our commitment, determination and co-operation for the benefits of our customers and our country."

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From Left to Right: M.P Somsak Jaikreaw, Choochat harnsawat, Deputy of Minister of Ministry of Interior, Charupong Ruangsuwan, Minister of Ministry of Transport, Yingluck Shinawatra Prime Minister, Gen. Akaradej Sasiprapha, Chairman of Board of Director, Gen. Chainarong Noonpakdee, Chairman of Executive Board, Gen. SomchaiVanichsenee, Chairman of Remuneration Committee

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