Message from CEO

Due to the expansion of the Thai economy in 2023, it still faces many negative factors and risks, such as the continued contraction of the export sector due to global economic fluctuations, financial costs for businesses will increase from continued interest rate policy increasing, minimum wage increasing policy. This year is therefore an important year to stipulate a concise working plan by strictly controlling costs and expenses in order to overcome this situation and carry on the operating results through this crisis. I, as the Chief Executive Officer of Namyong Terminal Public Company Limited and its subsidiaries (“the Company”), will put my best afford to ensure that the Company maintains the gross profit margin and net profit margin at the expected level by adopting 2 important strategies, which are the preservation of the Company’s stability by maintaining service standard to the customers, and, creation of opportunities to build the sustainable growth by studying new potential businesses, in order to support the rehabilitation measures from the Thai government and our business-partner countries.

To achieve efficient management under the above circumstances, I, the Chief Executive Officer, always follow up weekly performance and assign 3 C-level members to assess the economic outlook, customers request, to manage budget management for the company's goals and plans alignment as well as new warehouses are located in Bangkadi, Pathumthani and Bueng, Chonburi, the construction’s cost and time management are deeply emphasized for on time service completed as scheduled in 2024. At the meeting of the Company’s annual plan, well suggestions to our managers for fast and modern working processes adaptability and costs deduction are needed to quickly support the Company's strategies and business plans.

Sustainability and diversification of investment plan 

With investment plan for business expansion, it shall be proceed with carefulness by considering the profitable projects which must be able to create the stability on the Company's cash flow in the long term in order to maximize the benefits for the shareholders and all groups of stakeholder. In 2023, there were the following important operations:

• On 19 September 2023, the Board of Directors’ meeting approved an investment 51% of ordinary shares of SINOPEC NAMYONG TRANSPORTATION Co., Ltd. (“SNT”) which has a business of Transportation and Storage management. SNT has not yet commenced its business;
• In 2023,our A5 Terminal was made the highest in the 20 years for the total number of cars exported and imported throughput A5 was 1,056,677 units which has been reflected quality of service and reliability by our customers;
• The Company further strengthens its stability by expanding an investment of storage and warehouse space of 342,474 square meters and over 56,825 square meters of under construction space which are located in Bangkadi, Pathumthani and Bueng, Chonburi will open in 2024 for supporting our increasing customers’ demand providing. The strategies are risk mitigation, increasing revenue and creating stability for the Company.

Crisis Management and Business Continuity Planning (BCP)

The Company has revised the Business Continuity Plan in order to cover all serious situations by making evaluation to which may stop the business, e.g. natural disaster, fire, epidemic, data security, etc. In 2023, the Executive Committee has reviewed and improved Business Continuity Management process by analysis of internal risks in main operation area and office support area to find out what are the strength and weaknesses, identifying external risks by analysis of threats and opportunities based on assessment by divisions concerned and situations that may have serious, positive or negative impact on the organization and also analyzed global trend of disruption by specifying main risks and factors that may have long term or short term effect, in terms of economy, social, environment and technology. All these are used for preparation of Strategic Plan and Business Continuity Management Plan.

Corporate Sustainability Progress Update

In 2024, we set the goal to receive SET ESG rating from “A” to “AA” in order to raise corporate sustainability management standards to more international level. The management still determines to create the active working mindset for the employees by taking into consideration the working behaviors of the new generation (Gen-Y) according to the result of the Employee Engagement Surveys. In order to manage important risks, we place importance on personnel capability and technology development in order to catch up with the more challenging business operation in the future. We have allowed the Gen-Y employees to participate in the thinking and improving of working process. This is the opportunity for the management to build a new-generation team as well as to find successors. During 2020-2022, we promoted our employees to be higher level position, therefore, the Executive Committee has resolved to approve the appointment of new members of the Corporate Sustainability Management Committee for good opportunity of new generation members to propose new concept and present their capability of corporate sustainability development accordingly.

Along our path of growth, we are committed to move forward with responsibility in all business operations to achieve a sustainability from the inside out via the creation of three values, i.e., economic value, social value and environmental value. Therefore, the Company will be able to operate the business along with the sustainable social growth. Finally, I, as the Chief Executive Officer would like to thank our managements, employees, customers, business alliances and all shareholders who have kindly trusted in our management all along.

Dr. Theparak Leungsuwan
Chief Executive Officer