We are pleased with an outstanding performance of our company during the year 2015.  Both our growth and profit have shown a spectacular surge since the past 10 years.  Total revenue showed a remarkable increase of 14.91% as compared to the year 2014 and profoundly turned around our loss of Baht6.27 million to a record profit of Baht83.32 million.  As a result, it enabled us to pay dividend to shareholders at Baht0.11 per share (the last dividend paid to our shareholders had been since 2008 at Baht0.035 per share).

Furthermore, our Board of Directors and the Management Team are quite confidence that the year 2016 will definitely be another great year and will be able to generate revenue growth of at least 20% from last year. At the end of year 2015, the Company held the backlog orders of 7,327.95 Tons which is expected to carry forward to 2016 revenue of at least Baht640 Million or 55% of 2015 total sales.  In 2016, the Company also continuously receives orders from customers for both HDPE pipes production and water management.  This is in accordance with the country’s strategic plans in the mitigation of drought and an expansion of infrastructure in neighboring countries. 

The Company has targeted to increase its averaged production capacity in 2016 from 22,800 Tons per year to 27,500 Tons per year by upgrading existing machines for Structured Wall HDPE pipe (Weholite) for submarine pipeline, sewage pipeline for power plant and large petrochemical industry. This proposed investment will enable the Company to produce Wehoite HDPE pipe with Inside Diameter 3,500mm., the largest size of HDPE pipe in the region, in order to improve the potential of the Intake and Outfall pipelines for power plant and petrochemical complex in Asian.  Additionally, Weholite pipe capacity will be increased by 800 Tons annually starting from July 2016. Moreover, the Company has purchased new machinery for the production of the medium and small size of HDPE pipes (W-HQ Pipe) for water pipes, drinking water pipes and sewer for small projects which command a sizable demand in the market nowadays.  This venture is expected to increase the production capacity of approximately 2,500 Tons per year, installation will be completed by June 2016.

The Company has completed with international trading representatives and engineering technical experts to jointly expand the market into ASEAN ECONOMIC COMMUNITY (AEC).  The Company also planned to invest in water management which is related and supported our core business to grow steadily in the future. Currently, we are in the process of planning for future improvement and expected to begin the operation in 2016.

Furthermore, the Company’s business practice is focusing on a quality leadership both in manufacturing and installing services with honesty, accuracy, and fairness to customers, despite the fact that it has faced with competition from the pipes with low grade recycled resin being offered at a much lower price.

We are pleased with an outstanding performance of our company during the year 2015.  Both our growth and profit have shown a spectacular surge since the past 10 years.  Total revenue showed a remarkable increase of 14.91% as compared to the year 2014 and profoundly turned around our loss of Baht6.27 million to a record profit of Baht83.32 million.  As a result, it enabled us to pay dividend to shareholders at Baht0.11 per share (the last dividend paid to our shareholders had been since 2008 at Baht0.035 per share).

Furthermore, our Board of Directors and the Management Team are quite confidence that the year 2016 will definitely be another great year and will be able to generate revenue growth of at least 20% from last year. At the end of year 2015, the Company held the backlog orders of 7,327.95 Tons which is expected to carry forward to 2016 revenue of at least Baht640 Million or 55% of 2015 total sales.  In 2016, the Company also continuously receives orders from customers for both HDPE pipes production and water management.  This is in accordance with the country’s strategic plans in the mitigation of drought and an expansion of infrastructure in neighboring countries. 

The Company has targeted to increase its averaged production capacity in 2016 from 22,800 Tons per year to 27,500 Tons per year by upgrading existing machines for Structured Wall HDPE pipe (Weholite) for submarine pipeline, sewage pipeline for power plant and large petrochemical industry. This proposed investment will enable the Company to produce Wehoite HDPE pipe with Inside Diameter 3,500mm., the largest size of HDPE pipe in the region, in order to improve the potential of the Intake and Outfall pipelines for power plant and petrochemical complex in Asian.  Additionally, Weholite pipe capacity will be increased by 800 Tons annually starting from July 2016. Moreover, the Company has purchased new machinery for the production of the medium and small size of HDPE pipes (W-HQ Pipe) for water pipes, drinking water pipes and sewer for small projects which command a sizable demand in the market nowadays.  This venture is expected to increase the production capacity of approximately 2,500 Tons per year, installation will be completed by June 2016.

The Company has completed with international trading representatives and engineering technical experts to jointly expand the market into ASEAN ECONOMIC COMMUNITY (AEC).  The Company also planned to invest in water management which is related and supported our core business to grow steadily in the future. Currently, we are in the process of planning for future improvement and expected to begin the operation in 2016.

Furthermore, the Company’s business practice is focusing on a quality leadership both in manufacturing and installing services with honesty, accuracy, and fairness to customers, despite the fact that it has faced with competition from the pipes with low grade recycled resin being offered at a much lower price.

Interestingly, in the year 2015, a group of Thai Investors showed interest in taking part in Wiik & Hoeglund Public Company Limited, and eventually purchased all of the Shares held by Uponor Infra Oy (major shareholders of 65.99%).  However, Wiik & Hoeglund Public Company Limited and Uponor Infra Oy still join hands in working together in Asia.  Under The Licensing Agreement with Uponor Infra Oy, the Company has continued its manufacturing and selling HDPE structured wall light weight pipes solely under Weholite brand name in Thailand.  At Present, Wiik & Hoeglund Public Company Limited has 30 years of experience in producing, installing, and selling high standard quality of HDPE solid wall & structured wall pipes and HDPE water tanks worldwide.  In addition, the Company has been providing all technical support to clients by its engineering experts.

On behalf of the Board of Directors of Wiik & Hoeglund Public Company Limited together with executives team would like to express our thanks to all of our clients and shareholders who consistently support us and to all our employees for taking significant part and dedication towards the Company wholeheartedly.  In the year 2016, we expect to have your full cooperation and trust in further generate growth of the Company together.

 

ดร.วิชิต

(Dr.Vichit Yamboonruang)
Chairman of the Board of Directors

p122