Post by account_disabled on Dec 28, 2023 2:50:20 GMT -5
CPL executives revealed that 2019 was a year in which demand for leather goods and footwear markets slowed down, but CPL continued to do well in the market. with the amount of customers ordering increasing From confidence in the quality of CPL's products, it is expected that in 2020 orders will still be maintained at 22-23 million square feet, indicating 3 main factors that will have an impact this year. Must follow both the trade war Relocation of production base and fluctuations in the value of the baht Ready to set a growth target for the Safety Products business under the brand "Pangolin" at 10%, moving forward with the EEC trend. Proactively expand new product lines Confident that this year revenue from the tanning business and safety products will reach 2.5-2.7 billion baht together, Mr. Suwatchai Wongcharoensin, Chairman of the Board of Directors of CPL Group Public Company Limited or CPL, a major leader in the ready-made leather tanning industry.
Southeast Asian countries and is a manufacturer and distributor Industry Email List of personal protective equipment. (Safety Products) under the brand "Pangolin" which is a business in the Charoensin Group of Companies. Revealing the business overview in 2019, CPL is still able to market well in the tanning business. The volume of product orders from customers has increased compared to previous years. It receives orders in the amount of 20-24 million square feet per year. This is considered to maintain the order level even though in the past year. The tanning business will be in a state of slowdown due to external economic problems that have an impact. Whether it is about the trade war between the United States and China which is one of the main trading partners of the company including environmental management in each country and European economic problems cause the overall world economy to slow down. as well as exchange rate fluctuations As a result, in the past year, CPL's export products had less revenue recognition than before. iqa7689127e32ff1bced16f57b6a9a06ed-1 Despite facing difficult conditions, the company is still confident in its marketing.
Sales and relationship management with key customers This makes CPL's products still trusted by the world's leading product manufacturers. that continues to send in orders, making the company confident that this year CPL will continue to receive orders in the same amount or increase. From the continuous improvement of production and sales over the past 2-3 years, the company has expanded investment and improved the production system to meet standards by no less than 30% to support other markets. including new joint ventures or business partners Especially the investment in the finished leather tanning business where the management is in the process of negotiating trade with additional new customers. At the same time, the company has adjusted the proportion of raw leather production. From the beginning it was all production for export to production for business use, approximately 50% of the total production system. To support customer orders from various product brands Makes it possible to manage products better and inventory management of the company more efficient Mr. Suwatchai also said that for this year, the company expects that the tanning business will have orders for 22-23 million square feet, similar to last year. It is considered to maintain the level of customer orders at normal levels. Factors that must be followed closely include trade negotiations. Relocation of production base as well as exchange rate fluctuations.
Southeast Asian countries and is a manufacturer and distributor Industry Email List of personal protective equipment. (Safety Products) under the brand "Pangolin" which is a business in the Charoensin Group of Companies. Revealing the business overview in 2019, CPL is still able to market well in the tanning business. The volume of product orders from customers has increased compared to previous years. It receives orders in the amount of 20-24 million square feet per year. This is considered to maintain the order level even though in the past year. The tanning business will be in a state of slowdown due to external economic problems that have an impact. Whether it is about the trade war between the United States and China which is one of the main trading partners of the company including environmental management in each country and European economic problems cause the overall world economy to slow down. as well as exchange rate fluctuations As a result, in the past year, CPL's export products had less revenue recognition than before. iqa7689127e32ff1bced16f57b6a9a06ed-1 Despite facing difficult conditions, the company is still confident in its marketing.
Sales and relationship management with key customers This makes CPL's products still trusted by the world's leading product manufacturers. that continues to send in orders, making the company confident that this year CPL will continue to receive orders in the same amount or increase. From the continuous improvement of production and sales over the past 2-3 years, the company has expanded investment and improved the production system to meet standards by no less than 30% to support other markets. including new joint ventures or business partners Especially the investment in the finished leather tanning business where the management is in the process of negotiating trade with additional new customers. At the same time, the company has adjusted the proportion of raw leather production. From the beginning it was all production for export to production for business use, approximately 50% of the total production system. To support customer orders from various product brands Makes it possible to manage products better and inventory management of the company more efficient Mr. Suwatchai also said that for this year, the company expects that the tanning business will have orders for 22-23 million square feet, similar to last year. It is considered to maintain the level of customer orders at normal levels. Factors that must be followed closely include trade negotiations. Relocation of production base as well as exchange rate fluctuations.