Miti Hon – Mr. Choet Jongthanasomboon, CEO along withMr. Sakchai Jongsatavongphan, Executive Vice President of Accounting and Finance and Miss Kesanari Jung Chotisirikun, Executive Vice President of Marketing, Quality Control and Sustainability Development. Northeast Rubber General Co., Ltd. or see A business operator that produces and distributes fumed rubber sheets, rubber blocks and mixed rubber for distribution to manufacturers in the automotive industry. And brokerage groups, both at home and abroad, will disclose information at the Opportunity Day investor meeting for listed companies in the third quarter of 2023, revealing the overall picture for 2023. The company still targets product sales volume at 500,000 tons from a total production capacity of 515,600 tons, with Growth comes from the expansion of the market for different customer groups and the demand for electric vehicles is likely to grow further.
For the 2024 plan, the company expects rubber sales to reach approximately 500 thousand tons, an increase of 5 – 10% over sales in 2023, because the company has invested approximately 30 million baht in improving the plant. In addition, an investment budget of about 1,400 million baht is being prepared to invest in the construction of a third factory for rubber and mixed rubber blocks. The factory’s production capacity is 302,400 tons, which will be divided into two phases. The first phase will have a production capacity of 172,800 tons. It is expected that the factory will be completed at the end of 2024 and start generating revenues in 2025, after expanding the aforementioned production capacity. The company’s total production capacity will reach 818,000 tons per year from the current production capacity of 515,600 tons. Currently, the company has already sold to customers in the second quarter of 2024, thanks to strong orders from China, and there is still high demand and improving rubber prices.
As for the case of rubber prices, starting to trend towards increasing according to market demand (demand), industry recovery in both domestic and international markets, such as automobile range (including electric cars according to government support schemes), and infrastructure investment is likely to expand. To support the demand for rubber in the construction sector. The company continues to receive orders.
In addition, the company has a plan for cost-effective use of resources. In addition to reducing production and operating costs, such as improving machine efficiency to support increased production in the future. As well as installing additional solar panels on the roof of the factory. Nowadays the company has renewable energy which is energy from sunlight (solar cells) and biogas which is produced for use within the company. The total production capacity is 8 megawatts, which significantly reduces the company’s energy costs.
In 2023, the company will continue implementing sustainable organizational development projects in all their dimensions. Both the environmental dimensions are the social dimension and the corporate governance dimension, such as the sustainable supply chain project. Green Market Project, Learning Library Project, NER Project, come together to reduce plastic waste. A health screening project for vulnerable groups, a project to bring happiness and knowledge to the hearts of employees through science and technology convoys, etc., and more projects will be implemented to develop communities and society in the second half of this year. Creating benefits for society, society and the environment along with sustainable growth of the company.
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