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| Friday, 25 March 2016, 18:00 HKT/SGT | |
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Source: TPBI PCL | |
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BANGKOK, Mar 25, 2016 - (ACN Newswire) - TPBI PCL (SET:TPBI), a leading environmentally-friendly and socially responsible packaging company, finished its much-anticipated SET introduction this week with shares at bid-only, +34%. Company management had enhanced investor confidence by highlighting the innovative production technology that will enable the company to supply value-added packaging products and secure leadership in the global packaging industry.
Following the Company's initial public offering (IPO) of 100 million shares at a par of THB 1 each, and subscription period from 16 to 18 March at THB 10.80 per share, TPBI began trading on the Stock Exchange of Thailand (SET) on 24 March, under the symbol TPBI.
Mr Somsak Borrisuttanakul, Chief Executive Officer of TPBI, explains the Company employs production processes that meet international standards and offers a diverse range of services, including product design and formula development, manufacturing and procurement and raw materials and product inspection.
TCBI satisfies demand from world-class industrial firms, modern-trade, retailers and supermarkets across different packaging products, including vest-carrier plastic bags, packaging for consumables, garbage bags (in flat packs or rolls) for household use, and bioplastic bags.
The company also supplies multilayer blown film and flexible packaging for use as materials in related industries. In particular, its flexible packaging products for consumables, e.g. ready-to-eat and frozen foods, meet growing demand from food producers and customers, and its eco-friendly packaging products, including those produced from petroleum and other natural materials and paper cups, are degradable by landfill methods.
"We can offer a full range of plastic packaging solutions to customers. We use engineering expertise in plastic production management to develop a great variety of premium products and respond effectively to the needs of our global customers and the demands for eco-friendly plastic packaging products," he said.
Mr Tanachai Banditvorapoom, head of investment banking, TISCO Securities Co., Ltd., the Financial Advisor and Lead Underwriter, added that demand for plastic packaging products remains high, supported by the global economic expansion and by the fact that the consumers now prefer eco-friendly products.
TPBI's two modern plants in Sam Phran (Nakhon Pathom Province) and Rayong have a combined capacity of 64,920 tons per year, and a separate plant for production of flexible packaging of consumables in Sam Phran has a capacity of 96 million metres (or 192 million packs) per year, he added.
Given such capacity, TPBI is ready to produce and supply immense volume of plastic packaging products to the world. It is now marketing products in new markets, such as the Asean and African markets, in addition to its major export markets as Australia, EU, US and Japan. Additionally, the production and sales of its high value-added products are increasing.
Contact:
Distributed by MT Multimedia for TPBI PCL.
Ornanong ("Fah") Pattaravejkul
Tel: +66 2 2612 2081 #129
Mobile: +66 8 6884 4458
E-mail: ornanong.p@mtmultimedia.com
Topic: Press release summary
Source: TPBI PCL
Sectors: Print & Package
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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