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Message from the chairman

In 2018, Thai economy continued its growth momentum from 2017. In the first three quarters of the year, we witnessed growth in domestic demand, export and service sectors as they benefited from economic recovery of trading partners such as the US and EU. However, growth in domestic consumption still concentrated in the high-income sector, as reflected in automotive sales growth. In the last quarter of the year, the ongoing trade war between the US and China created some unforeseen negative impacts on Thai economy.

In 2018, the company registered net profit of 86.24 million baht, a 3.67 percent decline from the net profit of 89.53 million baht from the previous year. This can be seen as a result of the sales drop in Commodity Polymers due to narrow market opportunities as purchasing power was concentrated only in high-income customers. Other negative factors included high competition and oil price volatility. In 2019, the company growth will depend on domestic factors, especially public spending and private investments in mega projects such as the Eastern Economic Corridor (EEC).

The Company is committed in managing the business in a sustainable way based on corporate governance principles. The Board of directors and executive directors are well aware of their duties and responsibilities for uphold these principles in their management in order to achieve maximum benefits for shareholders as well as the society as a whole. In the past year, the Company was rated “Excellent” from the Corporate Governance of Listed Companies survey by the Thai Institute of Directors (IOD) and received an innovation organization award 2018 by being a corporate which continuously supports innovation for sustainable growth.

In 2019, The Company is relentlessly pursuing new business and innovation in order to become “Your best services for value creation in raw material supply.” We aim not only to act a product distributor but also to become an active partner for research and development (R&D) to improve the products with our suppliers and customers. Furthermore, the board of directors determine to remain vigilant in this increasingly unpredictable business environment. We will continue to monitor and review our strategic plan to keep up with the rapidly changing surroundings. And we will focus on pursuing business in the industry with a growth opportunity. Customer database will be developed and utilized for preparing product bases that are in line with customer demands.

As we draw to a close, on behalf of the Board of directors, management team, and every staff, I would like to express my deepest gratitude for your trust and support in the Company throughout. Importantly, the way in which all stakeholders have dedicated themselves to steer the Company towards success has been truly remarkable. I am adamant that the Company will continue its pursuit towards sustainable growth with utmost consideration for all stakeholders as well as upholding the principle of corporate governance and responsibility towards its society and environment.