ADB looks to invest in new business Study on setting up a foreign company

ADB #Keep up the shares – ADB aims to invest in new businesses to expand the business. Ready to study the establishment of a company abroad The executive side indicated the direction of the second half of the year. Focus on solving raw material inventory problems Ready to push the yearly income to reach 2 billion baht.

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 for the remainder of the year 2022, the company will focus on solving the problem of raw material stocks that are relatively high prices. While sales in the second half of the year are expected to be lower than the first half due to the current purchasing power is not high. due to economic conditions.

** High raw material cost

In addition, keep an eye on the exchange rate. because raw materials are imported from abroad keeping costs high 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 is still able to grow continuously. Because it is a raw material that must be used in many industries such as the electrical wire industry. real estate industry and construction Including the leather industry, etc., which can be considered as the growth that is wheeled with the country’s GDP in accordance with the overall economic condition. and investment in state-owned enterprises and the private sector.

The company is also looking for business elsewhere. in addition to the chemical business in order to continue the growth which is in talks with partners including finding information To do business together, either in the form of a merger (M&A) or acquisition. including the establishment of a company abroad.

** Push income to grow 2 billion.

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. is to maintain a positive turnover. The company adjusts its strategy in accordance with the cost. and various situations Because the company previously faced a problem of very high costs. since the end of 2021 and affecting the results in the first quarter of 2022, the company has learned ready to adjust Dealing with both raw material prices, selling prices, and the company is starting to see increasing demand.

For the second quarter of 2022 as of June 30, 2021 and 2022, the company had total revenue of 439.82 million baht and 555.76 million baht, respectively. For the first 6 months of 2021 and 2022, the company had 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.