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Message from the chairman

Dear Shareholders, The Board of Directors has set a vision for Global Connections Public Company Limited (GC) to be “Your best services for value creation in raw material supply” and formulated the company’s strategy to ensure it grow in the direction as planned. The year 2019 marked another year of GC’s solid foundation in the plastic and petrochemical industry despite economic volatility and falling oil prices. The company’s revenue stood at THB 3,623 million with net profit of THB 115 million. Successful implementation of a number of the company’s important strategies led to increasing production efficiency and effective risk management. Some of these strategies include;

• maintain the inventory at the optimal level to avoid diminishing value and obsolete products
• customer credit limited review scheme to reducing bad debts
• foreign exchange risk management
• continuous human capital development
• value co creation with partners for product innovation
• new strategic investment
• customer database development to further enhance business opportunity and to conduct business with social responsibility

All in all, the success in 2019 came from sound preparation along with the determination of the management and employees in running the business effectively under the supervision of the Board of the Directors.

The Board of Directors is proud to announce to the shareholders that alongside the success in 2019, the company has been rated by the Thai Institute of Directors (IOD) as “Excellent” in its corporate governance. The company also received investor relation award for a listed company with market capitalization under THB 3 billion in the SET Awards 2019. Such accomplishment should reinforce shareholders’ confidence that the company is conducting its business with transparency and places great importance in good governance by having appropriate check and balance system. Moreover, GC has been conducting its business with full consideration for its community and fairness to its stakeholders whilst building a learning organization, promoting innovation and supporting research and development with belief in sustainable growth and value creation.

On behalf of the board of directors of GC, I would like to express my deepest gratitude for your trust and support throughout. Importantly, the success of 2019 is down to shareholders, customers, suppliers, financial institutions, community, management team and every employee.