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Chairman Statement

     
 

To: Shareholders of

Pylon Public Company Limited

 
 

 

In 2018, Thailand ’s overall economy continued to expand from 2017 as a result of overall growth in all key economic sectors i.e. the growth in exports, private consumption and investment, and government spending and investment. Moreover, construction of several key government megaprojects such as the MRT Pink Line project (from Khae Rai to Min Buri), the MRT Yellow Line project (from Lat Phrao to Samrong) and the MRT Orange Line project (from Thailand Cultural Center to Min Buri) had already begun and these factors had a positive effect on the overall construction industry in 2018.

 
     
 

The overall construction industry is likely to see flat growth for 2019.  Despite the election of a new government, the company expects that under the urgent action plan for investment in transportation and infrastructure megaprojects, the new government will continue to push through key infrastructure investment projects. This will result in private sector’s confidence for new investment projects and be beneficial to the foundation construction industry as a whole in 2019.

 
     
  Since the company’s primary goal is to achieve long-term growth and sustainability, the company shall continue to adhere to its policy on customer base expansion and give more priority to customer screening processes, effective cost control, liquidity management, and continued human resources development. Furthermore, the company plans to seek new business opportunities by leveraging its strong financial status in order to achieve its long-term potential.  
     
  On behalf of the Board of Directors, I would like to take this opportunity to thank all shareholders for your trust in the company’s management and operations. Special thanks go to those who have provided to the company their endless support. I also would like to thank the company’s management team and all of its employees for their joint efforts in carrying out their duties with accountability and diligence. All these factors play an important part in laying solid grounds for Pylon PLC's future development and ensuring its growth as well as ultimately achieving both its short and long-term goals.