TCMC set a target of total sales growth of 7-10% per year in the next 3-4 years after the organizational structure adjustment.

TCM Corporation Public Company Limited (TCM Corporation) or TCMC opens a factory to show the potential of carpet production line. After organizational restructuring Merge production plants of TCM Flooring business in Thailand together Targeting to reduce costs – increase production efficiency. Growth Margin With a target of 3-4 years, total sales will grow by 7-10% per year.

M.L. Wanliwan Worawan Chief Executive Officer, TCM Corporation Public Company Limited or TCMC, the 3 main business groups are carpet and flooring business Furniture Business Group And the carpet and car lining business group, revealed that in the past, the company has undergone a major organizational restructuring By having to move the production plant under the operation of TCM Corporation Public Company Limited Carpet Company International (Thailand) Public Company Limited and United Carp Manufacturing Co., Ltd. are included in the same factory. After the investment in 2017, the company has improved the machinery to reduce costs and buy new machinery. To increase production capacity to be most effective in the production process and resource management in various fields, as well as to support the expansion into new markets, both now and in the future Causing the company to have more flexibility in management While also being able to reduce unnecessary expenses And will help increase the company's profitability further.

"After moving the production plant to the same location We aim to reduce production costs to 60% from current production costs at 68%, which will result in increased profits. However, the company originally has 3 carpet factories consisting of production factories. Originally on Vibhavadi Rangsit Road Production plants in Lam Luk Ka, Rangsit and production plants in Pathum Thani Province The company has gradually relocated all production capacity to a total area of ​​approximately 100 rai at the Pathum Thani plant since the beginning of 2019, resulting in the current production line of the carpet and flooring materials business (TCM Flooring) at the Pathum Thani plant. The total production capacity of all products is approximately 3 million square meters per year, "said ML Wanliwan.

This is due to the fact that the company relocated its production facilities to be all in the same factory. Will enable the company to better control both production costs and efficiency And will make the operations more systematic. By the year 2019, the company has set the goal of total revenue growth (Excluding currency) at 7-10% or growing over 10,000 million baht from the previous year with a total income of 9,596.12 million baht. The proportion of revenue will come from 3 main business groups, consisting of 1. Carpet and floor business 2. Furniture business group and 3. Carpet and fabric covering business group Which the carpet and flooring business group Still have a 35% share of total revenue portfolio And has a tendency to expand continuously From expanding into new markets such as the design of carpet installation on private jet planes, as well as continuing work for large-scale public and private projects. Which has a continuous good growth trend

For the original production plant in the area of ​​Vibhavadi-Rangsit Road Located on Vibhavadi-Rangsit Road With an area of ​​29 rai, the brokers have now announced the completion of sale. The said land has a market value of 702 million baht. Currently, there is a negotiation between 2-3 interested parties. It is expected to be able to conclude the sale by the year 2019. The proceeds from the sale of the said land will be Used to pay off some debt In order to reduce the debt to equity ratio (D / E) to reduce from the current to 1.9 times, the company aims to reduce the debt to equity ratio to 1.75 times and some parts will be used to grow the business. The company plans to invest in buying new machinery and renovating existing machinery by approximately 100 million baht by 2019 to increase production efficiency.

ML Wanliwan Said further that As for looking at the growth for the next 3-4 years, the company has set a target of total sales growth of 7-10% per year and hopes that the profits from operations will increase in the same direction with sales. In which the company will use some profits to pay for the loan To reduce the interest burden Which will cause the future profits of the company to continually improve From lower interest expenses Finally, the company has a long-term policy for debt restructuring. By reducing the debt to equity ratio to a low level In order to create financial stability of the company But there is no need to pay all the debts in the short term Since all interest obligations are still within the control of the company Therefore deems appropriate to save some money In order to be used for improving efficiency to be able to compete with competitors in the market And to generate revenue for the company again. Regarding the continuous growth of the company in the next 3-4 years, the company does not see the need to increase the capital But will be the harvest of the products that have been invested

In addition, the company will continue to adjust its operational structure in all dimensions. Both the administrative structure with clear management of each business group In the past year, the company has a professional management team to strengthen the army in each business group. Modern marketing strategy implementation Meet the needs of the global market Both in product and service Aiming to do business in an environmentally and environmentally conscious manner This will enable the company to become a world-class organization and be a leader in the global market in the core business groups that the company has a sustainable expertise.