Overall, the operating result in 2017 of the Company indicated a continuous increase in sales. However, the fierce competition in the construction material industry led the selling price to decrease. Cost of production also increased due to the fluctuation in PC wire and PC strand and concrete prices. The Company is also enduring with the increase in costs as new employees are hired to support the expected growth, while the new precast concrete wall and pre-stressed concrete pile factories are not yet able to produce at theirs best capacity. Therefore, the operating result could not reach the expected target.
In 2018, the Company aims to achieving a sustainable growth by focusing on cost control strategy through all production cycle from raw material phase. The Company’s expansion has integrated operations from upstream to downstream business by investing on the construction of the PC wire and PC Strand factory named “Seven Wire Company Limited”. Production optimization, production at full available capacity, and on time delivery to customers shall all benefit the Company in cost savings. Moreover, the Company has expanded the product line to meet the customers’ need in all market segments. The establishment of the subsidiary company for manufacturing and retailing “’ Spun Pile Concrete” by partnering with Nippon Concrete Industries Co., Ltd. - a leading company that will enhance the potential, promote, and support the business strength to move forward.
The overall construction material industry in 2018 is another year that is expected to increase intensely from the carried-forward government investments in the infrastructure projects after being extended continuously. This is benefited from the large-scale investment by the governmental segment, while the private sector projects start to recover as investors’ confidence increase. The Company strongly believes that from all factors mentioned will shift the operating results direction. In addition, the management is committed to achieving a sustainable growth by focusing on becoming a total solution . Moreover, cost control policy, effective management, full capacity production, increase efficiency, and on-going human development will contribute to the Company’s success in achieving positive results.
Mr. Thitipong Tangpoonphonvivat
Chief Executive Officer