Fridge door egg tray of Beko Thai Company Limited, a company in the Turkey’s Arcelik Group, is a major manufacturer of household electrical appliances in the European Union. As an environmentally friendly company, Beko Thai is committed to cut back on greenhouse gas emissions and reduce the use of plastic in the production process. The company decided to use Polypropylene (PP) plastic pellets mixed with “Rice Husk,” an agricultural waste, which belongs in POLIMAXX’s ECO-PRO product group, for innovation in sustainability. Marketing and Competition in Power and Utilities Business In 2023, the power and utilities business continued to be adversely affected by the Russia-Ukraine war, driving up power and steam production costs significantly. Under the government’s policy, power producers are subject to price control on the electricity rates they charge to consumers. Thus, power producers had to bear the cost of electricity generation that was higher than the rate they charge to consumers throughout the year. Industrial steam production in the first half of the year was impacted by natural gas price increase due to supply crunch linked to the war between Russia and Ukraine. However, natural gas prices began to trend downward slightly in the latter half of the year. In 2024, IRPC expects more favorable situation for the power and utilities business with natural gas prices continuing their downward trend. That, coupled with the government’s more supportive policy toward power producers, represents a positive sign. Meanwhile, consumers have shown keen interest in renewable energy with many of them researching information or seriously considering installing solar rooftop system or shifting toward other alternative energy sources. Marketing and Competition in Port and Storage Tank Businesses As the real sector of the economy is back on track to recovery, major industries and their large factories in this region are expected to raise their outputs. This represents an important factor contributing positively to the port and storage tank businesses in terms of increase in marine traffic linked to inbound and outbound transportation. Marketing and Competition in Property Management Business In 2023, the Cabinet approved a 15% reduction in property tax due. In addition, the government also accelerated large infrastructure projects, specifically the Eastern Economic Corridor (EEC) Phase 2 (2023-2027), which is an integrated project already included in the EEC development plan, with a combined total in investment of about Baht 2.2 trillion. Of this, contracts to develop 4 large infrastructure projects have already been signed: the high-speed rail project connecting 3 airports, the U-Tapao Airport Development Project and the Eastern Aviation City, Laem Chabang Port Project, Phase 3, and Map Ta Phut Port Development Project, Phase 3. These projects enhances attractiveness of investment opportunities in various industries, and therefore are beneficial to the company’s industrial zone. 86 Structure and Business Operations of IRPC IRPC Public Company Limited
RkJQdWJsaXNoZXIy ODg4NTI=