Thailand Flooding of Industrial Estates – Short Update 10-27-11 – Dewatering to take 35 days
Water pumping stations in Bangkok are only 30% efficient because of some roads blocking the flow of water. This delays the dewatering. For article Click Here
Nikon Update 10-26-11
The impact of the floods in Thailand is currently under investigation, and effects on our consolidated financial forecasts for the year ending March 31, 2012 will be published at the announcement of our consolidated financial results for the first half ending September 30, 2011, scheduled to take place on November 4, 2011.
Toshiba Update 10-26-11 Click Here
Summary – water levels same as 10-24-11 Report
Saha Rattana Nakorn Industrial Estate, the only one among the seven flood-hit industrial parks that is under financial rehabilitation, plans to sell its assets to creditors to reduce its debt burden. It also expects to take at least a year to restart operations. For full article Click Here
GBP’s Take: Not clear what operations will take a year to restart for Saha Rattana Nakorn. The factories within the estate, and the other estates, will want to get up to speed as soon as possible. If dewatering will take at least 35 more days then a realistic start of renovations won’t be until January 2012.
Also, with the mass exodus of people from Bangkok to other areas, it may cause many of them to relocate permanently outside of the city.