Page 4 - Annual report eng 2019
P. 4

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  73.40%  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 500,000 tons, 142,000 tons, 28,514 tons, and 100,000 tons respectively. All of
                   TYCN’s productions are done by its plants in Rayong, Thailand. (Note: The reference of products
                   capacity is according to certificate revision approval of Board of Investment).


                 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.













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