SET-listed Rojana Industrial Park Plc is confident that it can handle potential floods in October in Ayutthaya province after building a dam to protect its industrial park.
The dam is 70 kilometres long and 12 metres high, with a cost of 2 billion baht. The dam was built after the industrial park in Ayutthaya was inundated by massive floods in 2011.
The dam was designed by the Japan International Cooperation Agency.
Chaipon Phornphiboon, assistant vice-president for business development at Rojana, said the company is trying to create investor confidence in Ayutthaya so that potential investors will not be worried about floods in the future.
"We understand that investors, mostly from Japan, are concerned every year about the water flow from the North into Ayutthaya and Pathum Thani, which are an industrial hub for electronics, auto parts, and food and beverage," he said.
Floodwater normally reaches the two central provinces through the Chao Phraya and Pasak rivers and flows into the Hantra and Kamang canals.
The seasonal floods occur from October to December, and many central areas are at risk, including Saraburi and Bangkok.
"But we are monitoring the water level every week and talking with investors about our water management plan to make sure that we can be prepared for any risks," Mr Chaipon said.
He said Rojana has a 300-rai reservoir in Ayutthaya to guard against water flows.
The plans and infrastructure are all set, so Rojana does not need to invest in other water protection, he said.
Moreover, Rojana is confident that the government can deal with flooding, as many agencies have water management plans to protect industrial estates and agriculture in the two provinces.
Rojana has seven industrial parks in Ayutthaya, Prachin Buri, Chon Buri and Rayong, having developed more than 4,500 rai.
The investors are in auto parts, electronics, cars, and food and drink, totalling 250 companies.
In related news, Rojana posted revenue in the first half of 5.56 billion baht and a net profit for the period of 87 million baht.
ROJNA shares closed Friday on the Stock Exchange of Thailand at 5.35 baht, unchanged, in trade worth 1.53 million baht.