#ADB aims for new business to make money Son Bio-Healthcare Hoping to push the work to grow by leaps and bounds The female general, “Ponpiwan Niramonchardchay”, sent sixty results in the first half of the year 65 positive, closely adhering to costs. Aiming to penetrate the niche market Looking at PVC compounded cables, outstanding growth Ready to export silicone sealant sealant pointing out that the big market is wide open
Ms. Pornpiwan Niramoncherdchay, Managing Director of Applied DB Public Company Limited or ADB, is a manufacturer and distributor of plastic compounds, adhesives for the industry. And sealants revealed that the business direction and operating results for the first half of 2022 are expected to be positive because in the 2nd quarter of 2022 the company sees a clear cost direction. and adapt to the situation In addition, the company adjusts the selling price in accordance with the cost. make margin recover but also a sparse appearance
// stick to cost
While in the second half of 2022, the factor that must be monitored is the exchange rate because the main raw materials are imported from abroad. may result in high costs In addition, the price of oil is in an upward direction. It is expected that this will affect the price of raw materials as well.
However, the company expects revenue this year to grow as the target of 2 billion baht from the previous year’s 1.68 billion baht while the challenge in doing business from now on is to maintain a positive or non-negative turnover. The strategy is in line with the cost. and various situations Because the company previously faced high cost problems since the end of 2021 And affecting the results in the past quarter 1/2565, the company has learned. ready to adjust Dealing with both raw material prices, selling prices, and the company is starting to see some increase in demand.
// focus on the Niche Market group
At the same time, the Company will focus on selling products to niche markets such as PVC Compound used for wires. This group has high growth potential. including the growth of the export market The company plans to export glue. Silicone sealant (Silicone Sealant) because of the demand in the use of glue. The silicone sealant is quite high. Especially in South Africa, the Middle East, the market is wide open. As for the proportion of sales of such products, 50-60% are sold abroad and 40% are sold domestically.
In addition, the company will expand the production of Medical Grade PVC Compound or medical device group. because the production capacity is quite full Coupled with the high demand for Medical Grade PVC Compound products, the Company plans to negotiate with Japanese partners. to expand production by setting up or expanding additional new factories For investment, this project is considered a rather large project. may need to adjust the investment structure which must be negotiated with partners first on what nature
// Search for new business
Ms. Pornpiwan continued that the company was looking for a new business. to enhance growth that is not organic growth or normal growth The company is interested in BIO and Health Care business because it is a business that can generate high growth and reward.
“In a situation where the economy has not yet recovered high inflation numbers We do not stand still. We are also looking for new investments. To push the base to grow by leaps and bounds It is not a business that grows organically. Everything is in the process of working. if it is clear It may be announced in the next order,” Ms. Pornpiwan said.