CPL : Creative performance leather
 
CPL : Creative performance leather
 
 
Massage from Chairman and CEO
Since 2017 was truly considered a variation of CPL from the beginning of the year where the company transferred all business. Find out more about Pangolin Safety Products Co., Ltd., which is the leader in the production and distribution of personal safety equipment as part of CPL,allows us to change the business operations from tanning, which is a preliminary product that moves to the production and sales of safety or safety equipment. The product, which is the end product, has a more comprehensive range of CPL business, after which the company has implemented the organizational structure to be compact and clear in the work line.

By another major change is that the company will make changes to par value from Baht 10 per share to Baht 1 per share. The company's registered share was increased from 41,889,937 shares to 418,899,370 shares, which in addition to increasing liquidity to the CPL shares, also distributes the opportunity to access the shares to the investor is a significant change in the first 23 years after the company has been registered in the set-up In 1994.

CPL has also implemented the sale of all general investments in the CPL International Co., LTD., which is registered at the British Virgin Islands, registered capital of US $8 million by CPL International holds a 15% proportion to Guang dong. Zhong-Rui Enterprise Co., Ltd. in China, after which CPLInternationalCo., Ltd has made a payment to the investment of the company in the 72% proportion or approximately 864,000 USD.

In the process of doing business, tanning in recent years is considered satisfactory. The company has developed a wide range of production development to line in related business. Whether expansion, leather capacity, expansion Pig Skin Leather production to support r the Australian top brands of shoes. The company imports raw leather from South Korea, Japan, Canada and the United States before the process and forwarded to the partners for manufacture shoe. To expand the capacity of Cow leather and line production of Pig Skin Leather, the company invested a plant and bought a new machine the value about 120 million baht. The new production line is expected to generate more than 800 million baht per year, as well as an extension to the leather production of bags, which is manufactured to brand products. Michael Kors, a world-class brand, it's a very exciting step of the CPL

In the pass year, CPLhad reorganization aspects, management, production and marketing, making the year 2017 not only the year of the change. It is also the year of the CPL large investment,changing and improving the machine. Investment in new plant for Pig Skin production, including new technologies and improving the research and development, which is the core of all tanning businesses, to create value added to the company's products in the future.

However, must admit that in the past year theoverview of the tanning industry is more than expected. Due to the constant value of the Thai baht. Even the company has secured the foreign exchange risk. These factors are affecting the operation not to meet the goals that the company placed, the company also has a burden on how to set up a semi-finished inventory in accordance with market prices and sales opportunities. As a result, the increase in loss is reflected through the performance of 2017.

It reflects the sustainable results that arise from the strength of the company's strong evidence. As a whole new opportunity to be prepared and newly renovated in 2018, the company has a plan to expand the manufacturing capacity of finished leather from 2.5 million square feet per month to 3.5 million feet per month to comply with the order characteristics of the current brand customers within two years. For tanning business It is possible to move the production in the part of the tanning of the cow's more than 2 times from the current capacity, which is 40,000 per month to 120,000 per month, as well as a pork tanning that is 100% capacity at 100,000 per month this year.

In addition to the original customer, the company will return the order to continue and regularly. The company also has new customers who are leading manufacturers. While the safety products business under the brand "Pangolin” can also grow well. According to the main industry growth trends in the country. Integrate with the trading channel of the Pangolin that extends to the online sales channel in accordance with the consumer behavior. It makes us believe that all this is the power of the CPL to move forward without stopping the end.

On behalf of the management and all employees of CPL, I would like to thank you for the support given to us and with this support force that proved even in difficult circumstances, but the CPL still stands for the industry and are ready to wait for the recovery of the industry to take place shortly after this so we can continue to grow sustainably.
 
 
CPL : Creative performance leather