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.
1