Mr. Siwa Sangmanee

Board Chairman

In the year 2021, Thailand still had problems of slowdown economic situation more than in the year 2020 because of COVID-19 pandemic which was more severe than the previous year that had continuous result in the construction business to decrease both in private sector and public sector that has postponed bidding in many projects. It resulted in reduction of the number of projects and it caused price competition. The company had problems of the number of labor decreasing more than 30 percent because of labor fleeing home and returning to the country due to COVID-19 situation, so the operation result of the company suffered from loss for the first time in several years.

In the year 2022, it should be the year the economic situation is better than the year 2021 as the country controls pandemic of COVID-19 and public sector has announced the result of bidding for work, for example, the double track railway, the purple line electric train. This should have result in a better construction market.

Even though in the pat year the company suffered from loss, the company was committed to operate in the next years not to suffer from loss. The company operates business with sustainable development and has cooperation of all parties to support. As I am the chairman of the board, I would like to thank you, the employers, benefactors, employees of all sections for their intention to work, shareholders for their support, financial institutes and trading account payable for their trust to the company for all the time throughout.