CMAN net profit more than doubles in Q3'2026
As global demand for digital infrastructure accelerates, the renewable energy transition has emerged as a critical development alongside traditional data centre requirements for steel production and cooling technology infrastructure. Lime supply is surging to support electric vehicle (EV) lithium-ion batteries, CCUS (Carbon Capture, Utilisation and Storage) upgrades,...
Chememan Public Company Limited, a leading producer of lime and specialty chemical products, reported a more than doubling of its net profit in the third quarter of 2026. This impressive growth can be attributed to disciplined execution, cost efficiency, and strategic expansion across the Indo-Pacific region. Despite global economic challenges, the company's third quarter 2026 performance was significantly boosted by its acquisition of Lime Master Company Limited, a subsidiary since July 6, 2026.
The acquisition of a 99.99% stake in LM expanded CMAN's calcium products business, a crucial component of data center and green energy transition industries. In the third quarter of 2026, CMAN generated revenue of 974 million baht, a 23% increase from the previous year, and reported a net profit of 87 million baht, a 114% increase year-on-year.
This resulted in a gross profit margin of 37.8% and total assets worth 7,186 million baht. Chairman ML Chandchutha Chandratat attributed these results to CMAN's focus on asset utilization, cost controls, and service quality, noting that the acquisition of Lime Master strengthened the company's production base and broadened its domestic customer reach.
CMAN's strategic moves in India, including investments in Budakia Minerals and acquisition of shares in Easternbulk Lime Products, have further expanded its footprint in the northeastern and southern regions of the country.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
