In 2020, we have 9 plants across AEC comprise of 3 operating plants in Thailand and 1 operating plant in Vietnam, Myanmar, Laos, Cambodia, Malaysia and Indonesia.
We intend to continue to capitalize on our strong brands and successful experience in decorative and non-decorative industry in Thailand to further expand in the AEC and become a market leader in the AEC’s decorative and non-decorative market with “Total solution” strategy.
At the end of 2019, we have more than 6,000 retail dealers.
In Thailand, Sale in Bangkok greater than upcountry.
Key raw materials are TiO2, solvents, resin and latex. TiO2 prices are driven by global market price of TiO2. Solvents, resin and latex are oil derivative products and thus their prices are generally linked to oil prices.
In 2020-2022 we expect only normal capex of THB 500mn each year.
The Company has a policy to pay dividends at the rate of not less than 40% of the Company’s net profit on the separate financial statements after deducting corporate income tax and other reserve funds as required by laws and as determined by the Company for each year.