ADB joins Taiwan partners To expand the Thai PU glue market

ADB #ThunHoon – ADB has reached a pen to sign an MOU, a Taiwanese partner, to expand the PU glue market in Thailand, Major General “Pornpiwan Niramoncherdchay” accelerates the margin creation to a normal level of 80 million baht, and expands the production line for the medical device group. Target sales of more than 2 billion baht.

** Sign partner
PVI will supply the product and provide technical know-how and ADB will be responsible for marketing. and selling products in Thailand Initially, the products are expected to be manufactured at the Taiwan factory. and imported for sale in Thailand As for sales, the company may need to talk to the marketing team again. to develop a clear sales figure.

The company assesses the industry and demand for PU adhesives for packaging in the Thai market with high consumption. After signing the MOU, the company will study the market. and make a clear sales plan It is expected to update the plan in the next quarter.

As for the business direction and operating results in 2023, the company expects not much revenue growth. And will focus on pushing the profit margin (margin) to return to the normal level of 70-80 million baht, with the increase in margin coming from the selling price adjustment. and selling new products in cooperation with PVI.

In addition, it is expected that the expansion of the Medical Grade PVC Compound line or the medical device group will enhance the earnings growth clearly. Expect to start a new production line soon The company plans to adjust the business structure of PVC Compound and sealant products to be more precise. It is expected to help the business to be more flexible and expand the business better.

** The results are clearly recovered.
while the rest of this year The company expects to see a continuous improvement in earnings, which in the second quarter of 2022 the company’s performance is better than the first quarter. In the third quarter of 2022, it is expected to continue to improve from the second quarter of 2022, which the last three months are estimated to be. go in a good way As for the overall picture this year, the revenue direction is likely to exceed the target of 2 billion baht because the first 9 months of this year, the volume of product sales has grown by 25%, which is a good growth criterion.

“This year’s sales should grow well. And should be able to do more than 2 billion baht because sales from the beginning of the year until now grow up to 25%. As for the profit, we have to admit that we can’t compete last year. because raw material costs are high But next year we will focus on driving profits to grow better than this year. As for the business picture and the rest of the performance, it will gradually improve, which will be seen from the second quarter and extending to the 3rd and 4th quarters,” said Ms. Pornpiwan.

In addition, for the second quarter of 2022 as of June 30, 2021 and 2022, the company has total revenue of 439.82 million baht and 555.76 million baht, respectively. For the first 6 months of 2021 and 2022, the company has total revenue of 848.57 million baht and 1,112.57 million baht, according to The net profit for the first 6 months of 2022 amounted to 0.27 million baht, from a net profit of 66.69 million baht, a decrease of 66.42% from the same period last year.