1. Business Environment :
Since hamburger crisis in 2009, we could say that 2010 is year of recovery. Thai economy had driven growth rate up 7.6%, owing to a favorable including growing exports, a more stable politic situation after May 2010 and the government's economics stimulus schemes. Steady investment and generous government incentives, Thailand's automotive industry is poised for accelerated growth in an assembler of automotive production center. However, a strong recovery of external demand for automotive and agricultural products helps boost Thai exports growth rate 28.5% (compared 2009)
2. Performance :
The result of sales amount for fiscal year 2010 (April 2010 to March 2011) had reached Baht 15,389 million, increased by 25% compared to the same period of fiscal year 2009. The core businesses in our department consist of automotive, non-automotive, industrial chemical and pet- rochemical. Especially, in the field of synthetic resin and electric materials, we aim to get further growth up of value-added compound business due to global expansion of household appliances and hybrid cars.
3. Types of Products & Services :
Our main products in year 2010 was classified by this diagram
4. Market trend / outlook :
In a recent world of sharp increasingly on oil prices and concerning about environment friendly, there are alternative sources of plastic and chemicals feedstock from agricultural products such as sugarcane, corn, cassava, and starch or bio ethanol. Moreover, Thai government also enhanced the promoting project for fuel efficiency with less emission. This growth will be fueled by consumer demand for more environmentally-sustainable products and the increase of oil price as well
as the development of bio-based feedstock for commodity plastic resins, and increasing campaign on the "how important to use plastic products such as plastic bag".
5. Special / Future Projects :
According to company 2015 vision we'll expand the non-automotive by promoting polycarbonate to CD/DVD market in Thailand and expand our domain market to construction and packaging fields respectively. Conoeming to the future environment as per company 2020 vision, Toyota Tsusho (Japan) is joint venture with Taiwan company (CMFC) to establish Greencol Taiwan Corp. (GTC) which will produce and sell monoethylene glycol (MEG) using sugar-based ethanol as feedstock And Toyota Tsusho will supply bio-MEG to PET toll manufacturers, and the off-take bio-PET to the market. We will do bio-PET marketing for bottle of beverage market such as Pepsi, cola and others.
6. Competition situation / Barrier :
Thai economy remains exposed to further oil price both directly and through the follow up-on Europe's debt crisis. Meanwhile opening trade by Asian FTA had increased more competitive- ness among Asian countries especially to Korean products. Besides, automotive market stagnation from suddenly short support of parts since tsunami, has deteriorated sharply promising hope for market growing and furthermore growth driven by China economy has calmed down recently.
7. Supporting factor :
As Thai economy's backbone accounted of 90% of all businesses and 75% of all jobs, government has promoted "Thai Khem Kaeng" campaign to help this major sectors for both in the long and short term. Meanwhile as recent agriculture price increasing would be positive factor to drive demand high through out this year, especially it would boosts demand for automotive as the result. In addition, government has attracted new supplies for production "eco-car" and "green energy engine". The upside trend for automotive production in Thailand for both domestic market and export market couple with the Government policy to promote automotive industry also have positive effect to the sales of chemical products.
