Message from CEO

The Thai economy in 2024 has many negative factors, such as the continued slowdown of the export sector from the fluctuations of the world economy, geopolitical conflicts, trade war between the United States and China, including 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 every two weeks performance and assign executive members to assess the economic outlook, customers request, to manage budget management for the company's goals and plans alignment as well as managing the cost and construction period of new warehouses are located in Bangkadi, Pathumthani and Bueng, Chonburi which were already in service at the end of year. 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 2024, the Company further strengthens its stability by expanding an investment of storage and warehouse space increasing of 44,237 square meters 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 2024, 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 Ratings from “A” to “AA” in order to raise corporate sustainability management standards to more international level. We finally received SET ESG Ratings “AA” as target.

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.

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