Page 3 - Annual Report English 2018
P. 3

Tycoons Worldwide Group (Thailand) Plc.

                  1.  Policy and business operating overview

                     Background

                         Tycoons Worldwide Group (Thailand) Public Co., Ltd. (hereinafter called “TYCN”) was
                       established on September 9, 1996. TYCN is 72.91% owned subsidiary of Tycoons Group
                       International Co., Ltd. (hereinafter called “TGI”), which was incorporated in the Cayman
                       Islands and 100% owned by Tycoons Group Enterprise Co., Ltd. (hereinafter called “TGE”).
                       TYCN converted to a public company on July 9, 2003, and became  a listed company on
                       December 11, 2003. TYCN’s principal business is to produce and sell wire rod, reinforcing
                       bars (including deformed bars and round bars), annealed wire, screws, bolts and thread rod
                       internationally  and in Thailand.  TYCN is  the  only  one producer in Thailand who has  a
                       world-class midstream to downstream vertically integrated plant. The capacity per year for
                       wire rod, annealed wire, screws and bolts are 360,000 tons, 144,000 tons, 17,108 tons, and
                       36,000 tons respectively.  All of  TYCN’s  productions are done by  its plants in Rayong,
                       Thailand.

                        1.1  General operating policy

                                Vertical integration, focus on cost down, catch customer requirements for products
                                indeed, and constantly innovative ideas, raise the bar for ourselves.

                          1.1.1  Operational visions

                             1.  Follow vertical integration policy to expand into upstream industry be in control of
                                the upstream material, billets.
                             2.  Keep promoting TYCN’s reputation and maintain the leadership in production, sale,
                                and service of wire rods and reinforcing bars in Thailand.
                             3.  Be  a sustainable enterprise which  takes  responsibility  for local environment,
                                community and society.

                          1.1.2  Operational Missions

                            1.  Keep raising product quality, improving efficiency, and lowering production cost.
                                Produce and sell price-competitive steel products which meets customers’ demand.
                            2.  Obey environmental policy, well utilize resources,  minimize pollutions,  and
                                properly dispose waste in accordance with environmental regulations.
                            3.  Care for social responsibility and make both TYCN and the community everlasting.

                            1.2   Significant change and development

                                  In year 2011, major shareholder Tycoons Group International Co., Ltd has set aside
                             60,000,000 shares of Tycoons Worldwide Group (Thailand) Public Co., Ltd (about
                             9.94% of total outstanding common shares of Tycoons Worldwide Group (Thailand)
                             Public  Co.,  Ltd) to  issue 30,000,000  units of  Taiwan Depository Receipt (TDR)  in
                             Taiwan Stock Exchange  and has  been  listed on  Sep.29,  2011. Therefore,  the
                             shareholding that Tycoons Group International Co.,  Ltd holds Tycoons Worldwide
                             Group (Thailand) Public Co., Ltd decreased from 79.47% to 70.31% at that moment.



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