Bangkok--Feb 18--HERMES COMMUNICATION
Sittipol Group, the country’s leading automotive parts manufacturer, said its revenue in 2004 increased to 25.7 billion baht or 15.6% growth from 2003. All of its six businesses grew up, especially in marketing, metal and energy with their growth rates of 30%, 21% and 16% in order.
Sittipol Group’s Managing Director, Thanong Leeissaranukul, said the Group’s success based on three key factors; raw materials management, products
distribution strategies, and research and development.
The Sittipol Group has conducted six businesses. The revenue in 2004 divided into each business was 12,375 million baht in auto bulbs & lamps and plastic parts, 5,750 million baht in rubber parts, 2,662 million baht in metal parts, 2,436 million baht in energy services, 2,350 million baht in marketing and 210 million baht in research and development.
“The revenue is 25,783 million baht which 3.2% above target. The Group could gain 12,900 million baht in the first half year and 12,883 million baht in the second half. Thanong added.
The Sittipol Group consisted of 26 companies including Sittipol 1919 Co.Ltd., Thai Stanley Electric Plc., Inoue Rubber (Thailand) Plc., Total Oil (Thailand) Co.Ltd., IRC (Asia) Research Ltd., Daido Sittipol Co.Ltd. End.