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Ticon sees bright future in warehouses.

Bangkok Post (Bangkok, Thailand)

| February 06, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Feb. 6--Ticon Industrial Connection Plc, a SET-listed rental factory provider, expects its rental warehouse services in its Ticon Logistics Park (TLP) to contribute one third of its consolidated revenue next year.

Ticon established the subsidiary TLP Co Ltd last August with registered capital of one billion baht to invest 3.7 billion baht, including land cost, in the new site.

The logistics park covers 205,000 square metres at Km 39 on the Bang Na-Trat highway, to tap demand for international-specification warehouse buildings, according to managing director Virapan Pulges.

"The fact that 10.8 percent of Ticon's clients in 2005 were renting our ...

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