Bangkok--25 Apr--Oasis Media
Announce 3 main tasks to capture stainless steel tube and pipe market.
TGPRO is ready for resume trade this coming May 3, 2007 in Industrial Material and Machinery Sector after its exit from the rehabilitation plan. The company announces 3 main tasks including Product Development and Market Expansion, Financial Efficiency Management and Brand Enhancement with emphasis on good corporate governance. As a result, the company is set to increase its revenue by 5-10% after earning higher consumer confidence.
Mr.Rachata Leelaprachakul, the Managing Director of Thai-German Products Plc.or TGPRO, which is a leader in manufacturing and distribution of stainless steel tube and pipe and stainless steel products for industrial, decorating and construction purposes both domestic and abroad, discloses that after getting into its rehabilitation plan in 2000, the company has gone through several corporate restructurings. Lately, the company has successfully fulfilled all requirements, has been transferred to normal sector and authorized to resume normal trading on May 3, 2007 under Industrial Material and Machinery Sector. This will enable the company to go ahead with its various corporate development plans.
As for its corporate plan in 2007, the company sets 3 main tasks including
1) Product Development and Market Expansion. The company is currently Thailand’s top manufacturer and exporter of stainless steel tube and pipe for industrial purpose in term of both production capacity and product variety. The company has machine‘s maximum production capacity of more than 50,000 tones annually and is able to produce pipes with diameters ranging from 4.5 — 508 mm and maximum thickness of 12.5 mm. The company utilizes highly efficient technology from Germany and is ISO 9000 certified by TUV NORD. Key users includes heavy industries, e.g. petrochemical plants, paper pulp and chemicals, auto, food and dairy products, pharmaceuticals, furniture and other industries requiring special tailor-made stainless steel pipe both domestic and abroad. Since exiting from its rehabilitation plan will help the company gain more consumer confidence, the company aims to develop and launch new innovative products to markets and to expand its customer base both local and abroad. Currently 70% of the company’s revenue comes from domestic sales, while 30% comes from abroad.
2) More Efficiency in Financial Management. The company is set to manage under good corporate governance with emphasis on transparency and good return on investment for investors and shareholders. New investment policies will be considered based on ROI rate and fundamental evaluations so that average financial ratios are in line with market consensus. And
3) Brand Enhancement. In the past, while the company was under rehabilitation plan, its marketing communication was directed only to its current customer base with high brand loyalty since the company is the first manufacturer in Thailand and currently stepping toward 35th year. In 2007, the company will focus more on brand building towards a wider range of customer base. IMC plans will be geared towards present customers as well as new prospects including retails and end users through various powerful marketing activities both locally and internationally,e.g.advertising, PR and product related exhibitions in order to create higher level of product and service awareness. Besides these, marketing promotion activities, e.g. product seminars and plant visits, will be added in order to foster long lasting relationship with its current customer base.
“Going back to trade is a pretty good start for 2007 and for us. Our financial position is now in a better shape after the rehabilitation plan. Consumer confidence is up and our revenue is increasing continuously. We should be able to see a decent growth of 5-10% YoY, while all other figures continue to improve, which in turn makes it much easier for us to move forward. After this, we will have to work hard as planned, especially speeding up our new product developments and expanding our customer base.” Said Mr. Rachata.
Mr. Rachata further added that “As for last year result, we have total revenue of 1,756 million Baht. With a gross margin of 15.43%, our net profit stands at 36 million Baht, while our total assets are at 1,845 million Baht. Our counter gives a return on equity of 32.65% and EPS at 0.11 Baht.”
Further information please contact Oasis Media Company Limited.
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Tel. 0-2937-4658-9, 0-2937-4735 Fax.0-2937-4596
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