Bangkok, HMC Polymers Company Limited or HMC Polymers, the first and largest leader in the production and distribution of polypropylene plastic pellets or PP in Thailand, promotes the concept of 'ENDLESS SOLUTIONS FOR MORE' or 'The more creative, the more advanced, the more usable, the more sustainable, endless.' The goal is to generate more than 28 billion baht in revenue in 2024. Mr. Corso Usilli, President of HMC Polymers Company Limited, reiterated his leadership in producing and distributing premium grade PP plastic resins, different from other manufacturers in the market, through the 3 Pilars sustainability strategy, consisting of: Circularity, Carbon Neutrality and Connectivity with modern world-class technology that can be recycled endlessly. Help reduce the use of world resources and release less carbon gas. More environmentally friendly For a comfortable life today For a modern world that is sustainable into the future And if you look at the operating results for 2023, total revenue is 25 billion b aht, with a target for 2024 to rake in more than 28 billion baht. In this regard, the business concept of the company, which will enter its 41st year, continues to develop new innovations and develop towards excellence in both production base and business operations in every dimension continuously. Aiming to push production line 4 of the polypropylene factory (PP4), which was completed at the end of 2022, to reach full production potential. Ready to bring the most modern Spherizone technology in the production of PP plastic resin from LyondellBasell Company. which is a shareholder of HMC Polymers, towards the production of special grade and high quality grade PP plastic pellets (Differentiated) for more diverse applications. Whether it is a medical and hygiene group Both rigid and flexible packaging groups and group of parts large industry Mr. Phonchai Phichitwutthikorn, Senior Vice President The Strategy, Innovation and Commercial Division discussed strategies from the perspective of pushing products towar ds sustainability, starting with Circularity Pilar, in addition to maintaining the standards of special grade and high quality PP plastic pellets. (Differentiated) to always be superior to competitors It has also developed sustainable products, divided into 3 types according to their outstanding properties: Reduce: Bio-based PP plastic pellets produced from used raw materials, such as used vegetable oil, etc., helping to reduce carbon emissions. in the production process Bio-based PP plastic pellets received ISCC PLUS certification from the International Sustainability and Carbon Certification agency. which is an international standard that certifies products for sustainability. Downgauging PP plastic pellets that have very high strength and performance. Therefore, it can reduce the plastic content in the molding of the workpiece. But it still works well as before. ' Recycle: Chemically recycled PP plastic pellets (Chemical Recycling PP) is taking used plastic through a chemical process called Pyrolysis bef ore being used as raw material for producing PP plastic pellets again. Chemically recycled PP plastic pellets ISCC PLUS certified as well. Recycled PP plastic pellets. Mechanical (Mechanical Recycling PP) is recycled PP plastic pellets produced from PP plastic that has already been used by consumers. (Post-Consumer Recycled, PCR) or PP plastic from discarding or not meeting requirements during the industrial production process. (Post Industrial Recycled, PIR) by mechanically recycled PP plastic pellets Certified by GRS (Global Recycled Standard), which is an international standard. that certifies recycled products Redesign and Replace: PP Monomaterial plastic pellets, PP plastic pellets to replace Aluminum Foil, resulting in film packaging being a single material plastic or Monomaterial, which is easier to recycle because there are no other raw materials mixed in. In the Carbon Neutrality section Pilar is currently preparing to enter a low-carbon society by preparing carbon footprint product label informati on (Carbon Footpint Products - CFPs) for 29 of the company's products in 2023, which when combined with By 2022, there will be 60 certified products in total, and HMC Polymers has constructed a ground flare tower to reduce pollution from combustion at the elevated flare tower, which will help reduce environmental impacts. Controls black smoke very well and reduces noise and light. The next goal is 'Zero Flare' to reduce the amount of carbon dioxide released into the world's atmosphere. The last pillar of the sustainability strategy is Connectivity Pilar, which is the use of the company's knowledge, innovation, and technology. Connect and create better changes in society, such as creating the PP Reborn platform to revive PP with HMC Polymers so that the public sector can send used PP plastic back into the production system again according to the principles of the circular economy. Most recently, used PP plastic obtained from the platform It has also been upcycled into a Bed Pan or bedpan for patients. This is in collaboration with the Thai Coral Reef and Marine Life Conservation Foundation. In Her Royal Highness Princess Maha Chakri Sirindhorn Princess Sirivannavari Nariratana Rajakanya Creative Center for Environmental Design, Faculty of Architecture Kasetsart University Including the Pollution Control Department (PDC) and the Department of Marine and Coastal Resources (DMC), Ms. Angkanee Sunthornsawat, Vice President of Finance, Accounting and Corporate Support. However, the overall picture and financial strategic plan of HMC Polymers, although global economic growth in 2023 will slow down from the global economic recovery that still lacks supporting factors since the beginning of 2023, and even though the People's Republic of China has resumed economic activities The economy after opening the country has not shown many signs of recovery. The overall petrochemical business is still in a weak state due to factors Demand continues to slow due to the economic situation that has not yet recovered and excess supply . This is caused by new production capacity coming in during the year. As a result, the growth in demand for PP products has slowed down and product prices have dropped. The company has received positive factors from its focus on specialty and high quality grade PP products. (Diferentiated) which has less competition and has a higher profit margin. In terms of sales, the company distributes its revenue to end-use industries and sells in many countries. By (Market Diversification) through distribution channels available around the world, in 2023 HMC Polymers has total revenue of approximately 25 billion baht, with the proportion of revenue from selling special grade products SPDP (Specialty-Differentiated) more than 53% of the revenue. Overall, the financial position is strong with total assets of more than 36 billion baht. Cash flow is liquid at an adequate level. With a strong financial position, we are a leader in the PP business in Southeast Asia. Including being a leader in technology and product develop ment, HMC Polymers has received a credit rating from Fitz Ratings (Thailand) Company Limited at the level of A-(tha) and importantly, the response to the product. The company's new products have a growth rate of 10% per year. The company would like to thank you once again for the confidence that investors have placed in them. In October 2023, the company sold bonds in the full amount of 3,800 million baht, exceeding the set target of 3,000 million baht, helping to reinforce its readiness to move forward with business firmly and strongly on the foundation of sustainability, which HMC Polymers still maintains. Continue to invent new innovations with a production capacity of more than 1 million tons, which will develop towards excellence in both production bases. and every business operation continuous dimension To improve the quality of life of consumers along with management towards sustainable growth as well. Source: Thai News Agency