Assoc.Prof.Dr.Somjai Phagaphasvivat

Board Chairman

In 2020, the economic downturn had occurred all over the world including Thailand as a result of the COVID-19 outbreak, thus, causing the jobs in the construction business portfolio to decrease, both in the private and government sector, and the bidding process in many projects to be postponed eventually making the turnover of the business portfolio in the past year being lower than that of 2019. In 2021, there is still a second round of the COVID-19 outbreak which has caused the private sector to continue to delay their projects. Where on the government sector’s jobs, it is hopeful that the bidding in the second or third quarter of 2021 will take place which will result in the construction market to be in the state of betterment.

Even though the construction sector does not look good, but, our company has continued to make profits because we have run the business under the theme of a sustainable development including the co-operations of all parties in providing supports which I, as Chairman of the Board of Directors, humbly wish to express my appreciation to the employers, benefactors, all employees who wholeheartedly work hard, shareholders who provide supports, financial institutions and various accounts payable who always lay their trusts on the company the whole time.