Message From Director


Mr.Chakramon Phasukavanich
(Chairman)

In 2018, Thailand automotive industry had been clearly continuing to recover, especially after the first car project procession of 5-year term period condition was met. At the time the populist project ended on December 31, 2018, the automotive council of Thailand had revealed the 2018 overview data for Thailand automotive industry showing the domestic sales was 1, 041,739 units which increased by 19.5% comparing to 2017. The total automobile produced was 2,167,694 units which increased by 9% from 2017. The production of one-ton pickup truck including the modified pickup was 1,250,483 units increased by 10.7% versus 2017.

In 2018, the operation of the company and its subsidiary together have made the profit in sales and services 5,586 billion baht increased by 42.2% from 3,927.5 billion baht in 2017. This result derived from the total revenue recognition from sales in oversea subsidiary that the company made the assets purchase and transferred those assets to Germany and Hungary in the beginning of 2018. The net profit of the company and its subsidiary in 2018 together was 340.8 million baht decreased by 46.9% from 641.5 million baht comparing to 2017. The cause in decreasing net profit in 2017 was a result from loss of profit in oversea subsidiary operations including the acquisition expense and internal restructuring cost.


Mr.Siriphong Rungrotkitiyot
(Acting Chief Executive Officer)

For 2019, the company and its subsidiary direction will continue to emphasize on marketing strategy and sales of engines and one-ton pickup truck parts. Simultaneously, the company will enter into the productions of electric vehicle and non-pickup truck parts which includes a large size motorcycle “Big Bike”, oversized truck, and passenger car. In addition, there will be productions for non-automotive parts such as agricultural machinery and home appliance. This is to expand the business foundation. The company have additionally invested in oversea subsidiary that intended to widen production base for essential parts in modern engines within the region the company have a close relationship with the customer. It will also open an opportunity to be able getting into a production of electric vehicles parts. This is to diversify the risk and create growth for the both company and its subsidiary for long term. To corporate with social responsibility, company and its subsidiary have focused on durability by conducting activities based on economy, society, environmental, and to become good citizen. The company strictly to follow all laws and regulations. In additional, company intends to promote social development and to help society, especially in nearby community to earn good quality together with the growth of the company. As a result, the stock exchange of Thailand (SET) has made its consideration to name the company one of the Thailand Sustainability Investment (THSI) in 2018.

Lastly, on behalf of board of directors, I would like to thank you for our shareholders, employees, and management for work you have done. Board of directors will continue to focus on transparent operation based on social responsibility principles to make the company continue to have stable and sustainable growth.

Mr.Chakramon Phasukavanich

(Chairman)

Mr.Siriphong Rungrotkitiyot

(Acting Chief Executive Officer)