In 2023, the company focuses on debt management. To gain the confidence of investors and financial institutions, along with improving production efficiency through continuous marketing and sales As a result, the company was able to redeem the bonds as scheduled and is ready to redeem the final installment in May 2024. In terms of improving production efficiency to reduce costs, It is a long-term plan that continues until 2024 because it requires high investment. On the sales side, there is penetration into new customer markets. Adjust the proportion of sales of aquatic animal food and pet food. To increase the gross profit margin. The goal is to make the company turn around and return to profit in 2024. Board of Directors Give importance to correcting operating results. Therefore, it closely supervises the management’s affairs, both in the strategy and business plan of the organization and in the process of achieving the goals..
With the shrimp feed market situation in 2023, domestic shrimp production slowed down in the second half of the year. This is because demand in major markets around the world has fallen and buyers’ supply prices are lower than farmers’ production costs. This is due to the dumping of large foreign manufacturers with lower prices than domestic producers. In addition, shrimp farmers face high costs. Due to the price adjustment of electricity, fuel and shrimp feed, the trend of production has continued to decrease. This inevitably affects the sales of shrimp feed. While the pet food situation is returning to expand at the end of 2023 after contracting since the beginning of the year, it is likely to expand further. This causes the company to consider adjusting its sales plan to increase opportunities and reduce the impact of uncontrollable risk factors.
Therefore, in the business plan and important strategies for 2024, the Board places importance on the Company’s adaptation to respond to changes in the market, economic conditions, and rapidly advancing technology. By working with the management to consider new markets with high demand, adjust your sales strategy and improve production efficiency to reduce costs and make operations smooth and flexible. It is necessary to provide sufficient working capital for operations.
In addition, the committee also emphasizes the importance of Social and environmental responsibility. It has received GMP & HACCP certification from the Food and Animal Control Division, the Department of Livestock Development, GMP & HACCP standards from the Department of Livestock Development and Product Standards Certification Office, ISO 9001:2015 and ISO 14001:2015 standards from Bureau Veritas (Thailand). Co., Ltd. and ISO/IEC 17025:2017 from the Department of Science Services.
In 2023, the company was selected to receive the award. Sustainability Disclosure Acknowledgement or Acknowledgement of Sustainability Disclosure Acknowledgement for the year 2023 for the 2nd year in a row from Thaipat Institute.
The committee will adhere to its duties and responsibilities. According to the principles of good corporate governance, Lead the company through various crises to develop and grow steadily. We would also like to thank all shareholders, directors and employees, as well as business partners and customers, who have always supported the company’s operations. Please, everyone give us your trust. Let’s join the company towards a good future together.
Mrs. Namkang Pungthong
Chairman of the Board of Director
MEET
OUR TEAM
Board of Directors
Audit Committee
Nomination and Remuneration Committee
Executive Committee
Sustainable Development Committee
Board of Directors
Lieutenant General Krisana Waropas
Chairman
Mr.Parin Chanantaranon
Vice Chairman
Mrs.Namkang Pungthong
Vice Chairman
Mrs. Supattra Nakmontanakum
Director
M.L. Phanpiengduen Sungkahapong
Director
Mr.Pongsak Hematappa
Director
Audit Committee
Mr.Aran Permpiboon
Chairman of the Audit Committee
Pol.Lt.Col.Thienrath Vichiensan
Audit Committee
Lieutenant General Krisana Waropas
Audit Committee
Mr.Wiwit Uthaichalerm
Audit Committee
Nomination and Remuneration Committee
Pol.Lt.Col.Thienrath Vichiensan
Chairman of the Nomination and Remuneration Committee
