Post by account_disabled on Dec 26, 2023 4:05:10 GMT -5
Northeast Rubber Public Company Limited (NER) receives the benefits of New Normal, receiving long-term contracts with 2 additional new customers as sales of commercial vehicles in China begin to grow again. For the second half of the year, the company continues to move forward as planned. It is expected that there will be an improvement trend compared to the first half of the year. Mr. Chuwit Jungthanasomboon, Chief Executive Officer of Northeast Rubber Public Company Limited or NER, which produces and sells smoked rubber sheets, block rubber, and mixed rubber for distribution to manufacturers in the automotive industry. and groups of middlemen Both inside and outside the country, it was revealed that the company has received long-term contracts from two additional new customers, which are long-term contact customers, namely Triangle tires, which have orders with the company for approximately 24,000 tons/year and LLIT, which has an order with the company for approximately 48,000 tons/year “The term “New Normal” that emerged in the “COVID-19” era has pushed people around the world to adapt to a new normal in every aspect, whether it be lifestyle, business, public health, education, resulting in the total Sales of commercial vehicles in China have begun to grow again.
According to reports from the International Rubber Study Organization (IRSG) and the China Association of Automobile Manufacturers (CAAM), commercial vehicle sales in China There has been a continuous improvement throughout the past period. This will definitely have a positive impact on tire production as well,” Mr. Chuwit said. For the results of the second half of the year, the company Still moving forward according to the planned Email Marketing List plan. It is expected that there will be an improvement trend compared to the first half of the year as customer factories in China have begun to resume production. As a result, the company received more orders. The company expects that in 2020 there will be a total income of 17,000 million baht, or a growth of 50% from 2019 with a total income of 13,000 million baht, and the rubber sales target is 350,000 tons. At the same time, the company has already delivered livestock pen bedding to several livestock establishments and dairy cooperatives for trial use throughout the country.
This product is a downstream product formula developed in collaboration with Prince of Songkla University (PSU), with raw materials from the Company's primary processed natural rubber pellet product (STR-20). The Company expects that in 2022 it will Can be exported to Australia and New Zealand. which the company's analysis department It was initially assessed that This new product should be able to make a gross profit margin of up to 25%, which will help drive the company's overall profit margin ability. increased accordingly As for the community power plant project, the company is ready to submit a project proposal in the Quick Win section first (electricity from the first two phases of the biogas production process that already exists), with a total production capacity of approximately 4.3 megawatts, and in the expansion As for the production capacity of approximately 30 megawatts, it is ready to continue in accordance with the policies of the Ministry of Energy.
According to reports from the International Rubber Study Organization (IRSG) and the China Association of Automobile Manufacturers (CAAM), commercial vehicle sales in China There has been a continuous improvement throughout the past period. This will definitely have a positive impact on tire production as well,” Mr. Chuwit said. For the results of the second half of the year, the company Still moving forward according to the planned Email Marketing List plan. It is expected that there will be an improvement trend compared to the first half of the year as customer factories in China have begun to resume production. As a result, the company received more orders. The company expects that in 2020 there will be a total income of 17,000 million baht, or a growth of 50% from 2019 with a total income of 13,000 million baht, and the rubber sales target is 350,000 tons. At the same time, the company has already delivered livestock pen bedding to several livestock establishments and dairy cooperatives for trial use throughout the country.
This product is a downstream product formula developed in collaboration with Prince of Songkla University (PSU), with raw materials from the Company's primary processed natural rubber pellet product (STR-20). The Company expects that in 2022 it will Can be exported to Australia and New Zealand. which the company's analysis department It was initially assessed that This new product should be able to make a gross profit margin of up to 25%, which will help drive the company's overall profit margin ability. increased accordingly As for the community power plant project, the company is ready to submit a project proposal in the Quick Win section first (electricity from the first two phases of the biogas production process that already exists), with a total production capacity of approximately 4.3 megawatts, and in the expansion As for the production capacity of approximately 30 megawatts, it is ready to continue in accordance with the policies of the Ministry of Energy.