Bangkok--4 Mar--124 Communication Consultings
PK reports net profit in 2015, reflecting steady growth and regional expansion, particularly in CLMV countries to welcome AEC as Thailand's economy slows down. Recently, it opened an office in Myanmar, with plans to set up factories in Indonesia and expand to Europe.
Patkol Public Company Limited Managing Director Sangchai Chotchuangchatchaval said, "Patkol focuses on improving four main business units to cater to the food and food export industry, which has been growing steadily. These units include Refrigeration Business Unit – Patkol is the biggest Thai engineering operator in the Asean region to offer production, design, installation, spare parts, and tools of food storage system, industrial refrigeration storage, supermarket refrigeration, and processed food factory refrigeration system for meat, poultry, seafood, fruits, and vegetables. We have IQF freezer and Air Blast freezer to keep the food fresh during the process, from start to finish. Our technology is of the same quality as international competitors. We are also focused on conserving energy and the environment. Today, our market share is the biggest in Thailand and Asean. At present, 74% of our production is for the domestic market, and 26% for the international market. We aim to adjust that ratio to 50:50 within 3 years. Our Dairy & Beverage Business Unit is divided into machine and system for machine for dairy and beverage industries such as milk, juices, teas, coffees, and beers. It also extends to systems and machine for liquid chemicals, such as shampoos, conditioners, body washes, and paints. In Food Processing Engineering Business Unit, Patkol is the first and only Thai company to design and construct canned tuna factories and shrimp factories. We also develop continuous freezing machine, produce sorting machine, and tray washing machine for food factories and supermarkets to reduce the problem with labor shortage. We are the only Thai company to be trusted by foreign processed food companies. Another unit is Ice Making Machine Business Unit. We pioneered the tube ice system in Thailand and we were the first to provide clean and hygienic ice in Thailand. Our system follows international standard. We develop, design, and install ice making machines – tube ice, flake ice, and bagged ice – for nearly 50 years. Our products are sold in five continents in more than 50 countries."
Performance-wise, last year, the company made 3.55 billion baht, a 528 baht decrease or a 13% drop from the same period last year, during which its revenue was 4.079 billion baht. Its net profit in 2015 was 109 million baht, a 52% decrease from the same period last year, in which its net profit was 230 million baht.
The company was profitable despite the economic downturn in Thailand, thanks to its strategies and goals which include expanding to AEC markets to make up for the slower economy in Thailand.
Sangchai added, "Patkol has expanded its market and investment for sustainable growth. We invest in machine and staff to prepare for AEC and expansion to Europe. This year, we are optimistic, as we have set up representatives in Europe and have signed technology trading deals, and we have set up a company in Indonesia under the name PT Indonesia Patkol Service to offer preventive maintenance services in ice making machine business. We have applied for license to operate and build a factory in Indonesia, which is expected to be completed in the third or fourth quarter of 2016. Currently, we are already operating in Indonesia using our clients' venues. With our own factory, we believe that we will see more orders and our expenses will be reduced. In three years, we will definitely grow by 10% compared to the previous year."