Message from Chairman and Managing Director

"PMTA is determining to further develop and improve the quality of our products and services in order to retain our customers’ trust. We strongly believe that the experiences and determination of our managements and employees shall lead the Company towards the sustainable growth."

Dear Shareholders

2018 was a challenging year for the Company as an overview of the fertilizer industry was in a difficult time. The Company was dealing with a diminishing demand of the Vietnamese farmers as a result of the relatively low price of their major agriculture products. Moreover, a wide area of agricultural land was affected from the salinity soil. As a result, the farmers chose to purchase the lower quality fertilizer for their plantations. Therefore, the Company has been facing with a lessen purchasing power of the farmers. In addition, the raw material price that increased and remains high compared with the previous year, is the main reason for our falling domestic fertilizer’s margin.

Even though the Company is confronted with a challenging market where we cannot influence the pricing, the Company is not compromise on our operational improvements. We are striving to increase the profitability through the improved efficiency production and improve in the quality of our fertilizer products. Baconco is always making sure that we secure a safe work environment and we shall continue our relentless work to achieve a zero accident in our factory.

Despite many of the negative factors and difficulties, the Company is able to achieve a domestic sales volume at Baht 1,867.5 million which is accounted 69 percent and the exports sales volume was at Baht 848.1 million which is accounted for 31 percent of total sales volume. The export markets are now mainly West Africa and Philippines. For our factory area management service business, the demand of the high quality warehouse has continued to grow. Currently, Baconco’s total factory area is 66,420 square meters and all are fully occupied. At the end of 2018, PMTA delivers total revenue of Baht 2,779.2 million with a net profit of Baht 37.7 million.

While PMTA operates the business with commitment to growth, the Company has never neglected to fulfill social responsibility. Baconco’s management retained their effort on energy saving and regulatory compliance. Moreover, Baconco is able to maintain its high operation efficiency in environmental production management to meet and exceed the requirement of the Vietnamese authority. In addition, PMTA has always remembered to return to the society. In 2018, Baconco; our core subsidiary, funded the Football for All in Vietnam Foundation in order to arrange the football activities for the children which Baconco has been being sponsored for many years. Also, Baconco was together with the Vietnamese local official, sponsored the poor families in Tra Vinh province to fixing their houses. We believe this is not only the opportunity for us to give back to the society by giving the opportunity for the disadvantaged but it also boosts morale of the employees and implant a sense of sharing within the employees which is the key to human resource development.

In conclusion, PMTA is determining to further develop and improve the quality of our products and services in order to retain our customers’ trust. We strongly believe that the experiences and determination of our managements and employees shall lead the Company towards the sustainable growth. On behalf of the Board of Directors, managements and employees, we would like to thank you all shareholders and investors for your continued supports.


Mr. Chalermchai Mahagitsiri
Chairman of the Board of Directors

Mr. Sigmund Stromme
Managing Director