"The Company is determining to continuously develop and improve the quality of our products and services in order to maintain our customers trust."
Dear Shareholders
In 2022, the Company’s operation was under many challenges such as the continuous increase of the raw material price and the Covid-19 pandemic that inevitably affects our operations. However, the Company still delivers a satisfied performance with the revenue of Baht 4,249.70 million and net profit of Baht 78.1 million.
Moreover, the Company and Baconco have decided to further expand the logistics business by acquiring the land-warehouse of Yara Vietnam Co., Ltd. in Vietnam. The deal is already final and Baconco has already took over the operation and also secured a 5-year contract with Yara Vietnam Co., Ltd. for its warehousing, packaging and logistics needs. In a depressed fertilizer market, this was an exceptional opportunity for us to expand our warehousing and logistic capacity and further solidify the good diversification, giving solid financial result even in periods where fertilizers are in low demand. The Company is very optimistic about this new acquisition which will have a strong impact on our future performance.
The Company is determining to continuously develop and improve the quality of our products and services. We strongly believe that the experiences and determination of our managements and employees shall lead the Company towards sustainable growth. On behalf of the Board of Directors, managements and employees, we would like to thank you all shareholders and stakeholders for your continued supports.
Mr. Chalermchai Mahagitsiri
Chairman of the Board of Directors
Mr. Sigmund Stromme
Managing Director