Message from the Chairman

Investor Relations

 

Over 34 years in the natural rubber industry

Over 34 years, we have been through good and challenging times in the industry and we have learned to be agile and quickly adapt to any changing circumstances. In 2021, we had to continue to deal with the COVID-19 pandemic, together with the many disruptions brought about in the workplace as well as in society. Amid these changes, STA was able to achieve a record THB 118,275 million in revenue and a record profit of THB 15,847 million. But we are not complacent. We are well aware how fast things can move and change and we keep our focus on speed, scale and sustainability in every aspect of our operations.

Speed

In this changing world where things move at a fast pace, speed is embedded in the work ethos of Sri Trang Group, whether it is the speed of deploying new technology to improve production efficiency, the speed of increasing our production capacity in advance of our competitors, the speed of striving to increase our market share through the fighting spirit that is the hallmark of Sri Trang Group, and the speed of developing new projects to support our core operations.

Scale

Scale is one factor behind our capacity expansion. We are aware that, to be able to compete on the global stage, we need to be of a sufficiently sizable scale. To that end, our strategy throughout the years has always been to continue to increase our production capacity in order to enhance our competitiveness and create economies of scale.

As of now, we have the largest production capacity in the global natural rubber industry, a market share of 10% of global natural rubber consumption and account for 32% of Thailand’s natural rubber production output. Our glove business is also Thailand’s largest and ranked third in the global glove industry. With this sizeable scale, Sri Trang Group is able to effectively compete on the global stage.


STA was able to achieve a record THB 118,275 million in revenue and a record profit of THB 15,847 million. But we are not complacent. We are well aware how fast things can move and change and we keep our focus on speed, scale and sustainability in every aspect of our operations.

Sustainability

In today’s world, sustainability is key to any business operation and as a “green rubber company,” ESG has always been in our focus. On environment, we have implemented many projects to reduce green house gas emissions and increase clean energy consumption, such as the installation of solar roof and floating solar panels, which will generate two megawatts in energy for our natural rubber and glove production facilities. On society, we focus on the development of “human resources,” which are instrumental in driving our operations forward. In accordance with our mission to “stay safe and healthy,” we take great care of the health of our employees and have provided COVID-19 vaccines to all. Additionally, in 2021, our “Sri Trang Sharing the Love with Communities” project donated over 4.2 million pieces of medical gloves to various organizations. On governance, we are committed to operating with transparency and have received recognitions from various organizations including certification from the Thai Private Sector Collective Action Against Corruption (CAC) for the second consecutive year, “excellent” good governace award for the third consecutive year from the Thai Institute of Directors and inclusion in the sustainability index (SETTHSI) of the Stock Exchange of Thailand.

Sri Trang Group believes that our operations wiil help steer Thailand’s natural rubber industry on the path of sustainable growth. I would like to thank our directors, management, employees, shareholders and all business partners who have supported and trusted in Sri Trang Group throughout the years. The year 2021 was the best in the Company history and I would like to assure everyone that we at Sri Trang Group are determined to keep growing our operations toward new heights.

Dr. Viyavood Sincharoenkul
Chairman
Sri Trang Agro-Industry Public Company Limited