Post by account_disabled on Dec 27, 2023 5:42:31 GMT -5
GLOCON reveals its business plan for 2020, targeting sales of 2,260 million baht or growth of not less than 88% and believes that this year the results will turn around and be able to turn a profit. Ready to move forward in the food business, most recently investing 74 million baht to buy a dried fruit business. Along with purchasing additional 51% shares in the company "Fruitty Dry", it is expected that profits will be realized immediately from the business of producing and distributing dried fruits. and returns from all projects Support continued growth of both assets and profits in the future. Mr. Cherdsak Ku Kiatnan Chairman of the Executive Committee, Global Consumer Public Company Limited or GLOCON, manufacturer and distributor of various types of packaging. and investors in the restaurant business The frozen processed food and ready-to-eat food business revealed its business plan for 2020, which will be the year that the company Able to grow steadily and stably from adjusting strategies in the existing business Expand product line Expand your customer base and expansion to new businesses invested The sales target is set at 2,260 million baht, or a growth of not less than 88% from the previous year, with the main proportion of income coming from the food business increasing to 60% from the previous 50% and the packaging business at (Non-Food) 40%, believing that the operating results should be able to turn into profits. Compared to the previous year 2019, at the same time the company It is expected that the accumulated losses will be cleared within 2-3 years from now. "The company will penetrate the food business more. It will expand A&W stores by another 10-15 branches, focusing on locations in educational institution areas.
Ready to expand food channels in 7-11 convenience stores and reduce branches that are making large losses. Most of which comes from expensive rent. Expanding the rice menu At present, the ready-to-eat food business sold in convenience stores has continuously grown at twice the size and has more than 10 menus. As for the packaging business, it is a highly competitive business. But it is still growing well, so the company has adjusted its strategy. Give importance to production quality Especially the flexible plastic group or Flexible Packaging has an outstanding trend and good profits, including a tendency to change to degradable materials. However, the company is looking for growth opportunities in all forms. Both investing together with partners Importing WhatsApp Number List products from abroad Including other projects in the future, focusing on products that reach directly to consumers," Mr. Cherdsak said. Most recently, the Company's Board of Directors meeting Approved the purchase of the dried fruit business from Vita Food Factory (1989) Co., Ltd. for 48.50 million baht and assigned Fruity Dry Co., Ltd. (FD) to manage the business. and purchased additional common shares in Fruity Dry Company Limited (FD) in the proportion of 51% of the registered capital and paid-up capital to become a subsidiary for the amount of 25.50 million baht, for a total investment of 74 million baht. Expected benefits from this investment.
Due to the purchase of 51% of FD's additional shares, the company will be able to recognize profits from this business immediately this year. From the business of producing and selling dried fruits Including returns from all projects As a result, the company There is a continuous growth rate of both assets and profits in the future. As for the acquisition of the dried fruit business It is expected that the subsidiary will be able to increase its dried fruit export business in many large countries such as European countries. and the United States. In addition, it can expand GLOCON's business, especially the packaging, bottle, and plastic box business. To be able to increase product sales and increase the customer base Support the company's policy that focuses on making products for consumers according to the goals set Including increasing sales and being able to make good profits.
Ready to expand food channels in 7-11 convenience stores and reduce branches that are making large losses. Most of which comes from expensive rent. Expanding the rice menu At present, the ready-to-eat food business sold in convenience stores has continuously grown at twice the size and has more than 10 menus. As for the packaging business, it is a highly competitive business. But it is still growing well, so the company has adjusted its strategy. Give importance to production quality Especially the flexible plastic group or Flexible Packaging has an outstanding trend and good profits, including a tendency to change to degradable materials. However, the company is looking for growth opportunities in all forms. Both investing together with partners Importing WhatsApp Number List products from abroad Including other projects in the future, focusing on products that reach directly to consumers," Mr. Cherdsak said. Most recently, the Company's Board of Directors meeting Approved the purchase of the dried fruit business from Vita Food Factory (1989) Co., Ltd. for 48.50 million baht and assigned Fruity Dry Co., Ltd. (FD) to manage the business. and purchased additional common shares in Fruity Dry Company Limited (FD) in the proportion of 51% of the registered capital and paid-up capital to become a subsidiary for the amount of 25.50 million baht, for a total investment of 74 million baht. Expected benefits from this investment.
Due to the purchase of 51% of FD's additional shares, the company will be able to recognize profits from this business immediately this year. From the business of producing and selling dried fruits Including returns from all projects As a result, the company There is a continuous growth rate of both assets and profits in the future. As for the acquisition of the dried fruit business It is expected that the subsidiary will be able to increase its dried fruit export business in many large countries such as European countries. and the United States. In addition, it can expand GLOCON's business, especially the packaging, bottle, and plastic box business. To be able to increase product sales and increase the customer base Support the company's policy that focuses on making products for consumers according to the goals set Including increasing sales and being able to make good profits.
