ADB pumps margin into the portfolio. Aiming to joint venture to strengthen the army

ADB #Thunhoon – ADB moves forward to pump margin into the portfolio. The net profit margin is expected to return to 3-5% after the cost price decreases. This year’s revenue is expected to be close to last year. Clue to negotiate a partner, join JV or invest in a new business. Hope to create growth, push the strong base.

Ms. Pornpiwan Niramoncherdchay, Managing Director of Applied DB Public Company Limited or ADB, revealed that the company transferred its adhesive products business. grout products and DIY products to ADB Sealant Co., Ltd., a new subsidiary and holding 100% of shares, in order to clearly separate the business and operations. expanding exports to more foreign countries.

Penetrate the export market

At present, the company has expanded its export market quite a lot. According to the demand or demand for the adhesive and grout products, especially in South Africa, the Middle East, the market is open. For the proportion of sales of such products in the country 40% and abroad 50-60%.

While the sale of plastic compounds or PVC in the first half of 2023 may slow down because the electrical cable project or project from the government is still waiting for clarity from the election. Therefore, expecting the wiring project or the sale of PVC wiring group will see clarity in the second half of 2023 or in the next 6 months.

As for the BIO business, it is currently undergoing a test run. After the product is produced But the company is waiting for clarity from government laws. about the use of goods or products BIO, however, continues to develop products continuously. to support future use.

Aiming for business cooperation

Overall, the original business was selling plastic compounds. Adhesive Products Business Grout products and BIO business will remain stable. At the same time, the company will continue to expand new businesses. And look at investments through joint ventures (Joint Venture) and holding shares in other companies. For new businesses, it is possible to invest in businesses related to existing businesses. or new businesses that are not in the same line.

For business plans for the year 2023, the company will focus on making a profit. It will focus on driving the net profit margin (Net Profit Margin) to 3-5% from lower raw material costs. While the revenue in 2023, the company will try to keep it close to the previous year. Last year, the company expects revenue to exceed 2 billion baht.