Bangkok--12 Mar--Online Asset
TEAM turned over its business expanding plan during the economic recession period, focusing on penetrating niche market which was not influenced by the world’s economic problem. “Rich Fitzgerald” expected the revenue could grow from last year, because the electronic business following to technology was growing continuously. We also are walking in the right way for raising manufacturing base to meet the world class standard since customers can trust us and the new orders begin to come in. We can see the growth evidently later on, especially after when the economic situation improved. The company recently gave return to investors with dividend per share of 0.10 THB in 2008.
Rich Fitzgerald, Chief Executive Officer of Team Precision Public Company Limited or TEAM, said about expanding business during the economic slow down that the company has largely adapt business expanding plan to be in accord with the current situation by focusing on niche market which is not directly influenced by the world’s economic situation and also raise manufacturing base to meet a world class standard.
In the past, even electronic market slowed down in the same direction of the world economic, but most were the consumer products. While some electronic products still growing well especially in innovative electronic products. Because it had to develop all the time following with new changing technology, so we still can grow up in some way. As a result, in this year we adapt our expanding business plan and penetrate into niche market seriously. Besides we can expand customers’ base, it can also help to diversify risks. Now the orders began to come in, so if the old customers are included, we expect that this can push the revenue to grow from last year. The growth can be seen evidently from late of the year.
Mr. Rich also said that the company also plan for cost-structuring and budget management in order to strengthen its business in the future, seriously manage supply chain with tighten inventory control management, and maintain the highest standard in production and service in order to response to customer’s need in the world market. At the same time, company aims to raise the production standard of all groups of products to meet the international standard and to increase customer’s confidence. In the past, company passed the international quality management standard ISO9001:2000 and ISO/TS16949: 2002 quality management standard for automotive manufacturer and lately OHSAS 18001: 2007, occupational health and safety management standard and ISO13485 standard for medical equipment. Company also plans to pass the certifications in other branches to be the international organization in the future.
He also said that after the company has passed the international certifications, a number of customers are interested to send their products to produce at our factory for e.g. medical equipment which requires an international standard for the production base because it is the high technology equipment and require highest safety for using, and now we are in process of design. Good feedbacks from customers indicated that that TEAM already walked in the right way. Company will continue raising the manufacturing standard to increase customers’ satisfaction.
In 2008, company’s committees agreed to pay dividend to shareholders and each share would be paid 0.10 THB of 566,279,715 shares, total dividend amount of 56,627,971 THB. This payment comes from benefit of the investment committee and the payment is due on 30th, April, 2009.
For More information, please contact: Khun Wasara Chotithammarat, investor relation, Tel. 02-5772350 ext.106