[PR Post] ADB joins with Japanese giant AICA Group. Expanding the international glue-sealant market Stepping into the mode of creating New S-curve
Applied DB Public Company Limited or ADB announced the closing of a joint venture deal with AICA ASIA PACIFIC HOLDING PTE. LTD. (AAPH), a subsidiary of AICA, a giant Japanese conglomerate with a history of over a hundred years of business operations. By receiving payment for purchasing additional capital shares of ADB Sealan Company Limited (ADBS), a subsidiary company. After making a transaction to acquire 31,609,804 shares, proportion 51%, with a total value of more than 360 million baht, the management team is confident that this joint venture is a joint venture with potential partners who can Promote plans to expand product distribution channels in Thailand and abroad. Increase production proportion Expanding the market for adhesives, sealants and products in small packages for household use (DIY Products) even more, supporting ADBS, generating income and profits reaching new highs. Ready to be confident that ADB’s performance this year will grow within target. Stepping into the mode of creating New S-curve
Mr. Wang Vanapraison, Chief Executive Officer (CEO) of Applied DB Public Company Limited or ADB, revealed that the company has been successful in collaborating with major partners. Received payment for subscription of additional shares of ADB Sealan Co., Ltd. (ADBS), a subsidiary. Number of 31,609,804 shares, proportion 51%, total value 360 million baht, from AICA ASIA PACIFIC HOLDING PTE. LTD. (AAPH), which is a subsidiary and wholly owned by AICA KOGYO CO., LTD., which is listed on the Tokyo Stock Exchange. Japan Operates adhesive chemical products business With a strategy of providing high value-added products to meet customer needs and increasing mutual benefits within the group, AAPH has significantly expanded its industrial adhesive business. It operates through 21 subsidiaries and has 22 factories in 8 countries. in the Asia Pacific region There is an average growth rate of the chemical business abroad of 10% per year, especially in Indonesia and Malaysia where there are powerful brands. It has a sales network and a strong presence in the retail market.
The ADBS sealant product is considered a new product that complements AAPH’s product portfolio in the international market. including solvent-based adhesive products (Solvent-based adhesive) that ADBS has a high market share in Thailand When working together, we can take advantage of technology. Help promote the plan to expand market share of adhesives. It is a vertically integrated supply chain that integrates production and sales.
This collaboration will enhance competitiveness by leveraging the strength of both parties’ brands and sales networks both in Thailand and overseas, increase production proportions to benefit from scale, strengthen brand strength and diversity, increase product variety, and strengthen the company’s market position in the retail market in the Asian region.
“When a major global partner holds a 51% stake, ADBS will significantly grow in the adhesive and sealant business, especially revenue and profit, which will reach the highest level. In the first year, sales are expected to increase by around 15%. At the same time, ADB will benefit from recognizing profits in proportion to its 49% stake. Therefore, it will definitely drive its performance to grow exponentially this year and in the following years.”
For ADB’s business plan this year, we are confident that it will be able to grow according to the plan and expect revenue to reach 1 billion baht as a result of the plastic compound pellet product business, especially electrical wires used in construction and industry, and medical-grade plastic pellets that are used as medical materials such as IV tubes and blood bags, which are still in good demand. In addition, the situation of raw material prices has begun to fluctuate less, allowing for more efficient cost management.
ADBS is a leader in the production and distribution of industrial adhesives for the shoe, furniture, leather, and sealant industries in cartridge form and in large packaging to meet the needs of the real estate and construction industries, the decoration industry, the automotive industry, and the electronics industry. Including small packaged adhesive products for household use (DIY products), ADBS has more than 40 years of professional technology and production experience, with a customer base in Thailand and international customer bases in ASEAN, the Middle East, Europe, Africa and South America, as well as providing OEM and ODM services for leading domestic and international brands.