The company's president, Paweena Laowiwatwong, said the acquisition would help Union Mosaic develop a variety of products to support business growth. The move will help both companies jointly develop new products at a cost lower than what each would have incurred if it had gone about it on its own.
After negotiations,Low prices on projectorlamp from Projector Point London UK.Argo Mold limited specialize in Plastic injectionmould manufacture, Union Mosaic Industry has offered to buy between 94.28 million and 125.71 million shares from RCI's existing shareholders through a partial tender offer at Bt0.90 per share. The deal would require a budget of between Bt84.86 million and Bt113.14 million.
At present, Royal Ceramic Industry is engaged in the manufacture, import and sales of both floor and wall tiles. Products distributed by RCI are divided into three categories:
n Glazed wall tiles: These are ceramic units in the form of plain, monoporosa, and special-pattern or decorative tiles, made using a third-firing technique.
n Porcelain tiles: These are produced by using the best available technique with a firing temperature of 1,China professional plasticmoulds,200 degrees Celsius, thereby creating a tile that is stronger than natural stone and other types of tiles. Also, porcelain tile is beautiful like natural stone and has a low water-absorption rate, which is suitable for both floor and wall covering.
n Clay tiles: These are produced by using an extrusion technology that creates a highly durable tile,Iowa Mold tooling designs and manufacturers mechanics trucks, resulting from the density produced by a vacuum system. Clay tiles are produced in various shapes that can be used indoors and outdoors, including in a factory for heavy-duty work.
At present, RCI has registered capital of Bt620.61 million,Iowa Mold tooling designs and manufacturers mechanics trucks, comprising 620,612,296 ordinary shares at a par value of Bt1 per share, and paid-up capital of Bt314.28, comprising 314,285,710 ordinary shares at a par value of Bt1 per share.
The company recorded revenue of Bt800.16 million and net loss of Bt106.26 million in the first nine months of last year.
Paweena said that after this deal Union Mosaic Industry would also set aside an investment budget of Bt100 million to install new machinery for manufacture of ceramic tiles. This will improve the company's mechanisation and automation.
It will support its two new products - Rexury Tile and Duragres Full HD Tiles - that will be launched this year.
According to its investment plan this year, Paweena said the company targeted revenue of Bt2.7 billion, up 8 per cent from last year. The company reported revenue of Bt2.49 billion and net profit of Bt121 million for 2011.
After negotiations,Low prices on projectorlamp from Projector Point London UK.Argo Mold limited specialize in Plastic injectionmould manufacture, Union Mosaic Industry has offered to buy between 94.28 million and 125.71 million shares from RCI's existing shareholders through a partial tender offer at Bt0.90 per share. The deal would require a budget of between Bt84.86 million and Bt113.14 million.
At present, Royal Ceramic Industry is engaged in the manufacture, import and sales of both floor and wall tiles. Products distributed by RCI are divided into three categories:
n Glazed wall tiles: These are ceramic units in the form of plain, monoporosa, and special-pattern or decorative tiles, made using a third-firing technique.
n Porcelain tiles: These are produced by using the best available technique with a firing temperature of 1,China professional plasticmoulds,200 degrees Celsius, thereby creating a tile that is stronger than natural stone and other types of tiles. Also, porcelain tile is beautiful like natural stone and has a low water-absorption rate, which is suitable for both floor and wall covering.
n Clay tiles: These are produced by using an extrusion technology that creates a highly durable tile,Iowa Mold tooling designs and manufacturers mechanics trucks, resulting from the density produced by a vacuum system. Clay tiles are produced in various shapes that can be used indoors and outdoors, including in a factory for heavy-duty work.
At present, RCI has registered capital of Bt620.61 million,Iowa Mold tooling designs and manufacturers mechanics trucks, comprising 620,612,296 ordinary shares at a par value of Bt1 per share, and paid-up capital of Bt314.28, comprising 314,285,710 ordinary shares at a par value of Bt1 per share.
The company recorded revenue of Bt800.16 million and net loss of Bt106.26 million in the first nine months of last year.
Paweena said that after this deal Union Mosaic Industry would also set aside an investment budget of Bt100 million to install new machinery for manufacture of ceramic tiles. This will improve the company's mechanisation and automation.
It will support its two new products - Rexury Tile and Duragres Full HD Tiles - that will be launched this year.
According to its investment plan this year, Paweena said the company targeted revenue of Bt2.7 billion, up 8 per cent from last year. The company reported revenue of Bt2.49 billion and net profit of Bt121 million for 2011.
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