Home » Business » Rubber Price Situation and Market Demand: Insights from NER CEO Chuwit Jungthanasomboon

Rubber Price Situation and Market Demand: Insights from NER CEO Chuwit Jungthanasomboon

Mitistock – Mr. Chuwit Jungthanasomboon, Chief Executive Officer of Northeast Rubber Public Company Limited or NER Business operator producing and distributing smoked rubber sheets, rubber blocks, and mixed rubber for distribution to manufacturers in the automotive industry. and groups of middlemen Both inside and abroad Revealing the rubber price situation Starting to have a direction to increase according to market demand (Demand), the recovery of the industry in both domestic and international markets, such as the automotive group (including electric vehicles according to government support plans) and investment in infrastructure that is likely. Expanded to support the demand for rubber in the construction sector, etc. In addition, the government places importance on solving the problem of illegal import and export of agricultural products, including rubber. By accelerating the move to seriously suppress the crime, coupled with the decline in rubber production during this period. from changes in weather conditions There was heavy rain and flooding in many areas. As a result, the current price of rubber has increased by 4-5 baht per kilogram. It is expected that the trend will continue in a good direction.

At present, the company continues to receive orders. Currently, the company has sold to customers until the first quarter of 2024, thanks to orders from China that still have high demand and improved rubber prices. Making the overall picture in 2023, the company still targets product sales volume at 500,000 tons from a total production capacity of 515,600 tons, growing compared to the sales volume in 2022 at 446,090 tons, with growth coming from expanding the market to various customer groups. and the demand for electric cars is likely to grow even more.

For ESG In 2023, the company will continue to carry out sustainable organizational development projects in all dimensions. both environmental dimensions Social dimension and the corporate governance dimension, such as the Sustainability Supply Chain Project. Green Market Project Library for Learning Project, NER Project, join together to reduce plastic waste. Health screening project for vulnerable groups Project to send happiness and knowledge to the hearts of employees through science and technology caravans, etc. and will carry out more projects to develop communities and society in the second half of this year. To create benefits for the community, society, and environment along with the sustainable growth of the company.

The company plans to use resources efficiently. Along with reducing production and operating costs, such as improving machine efficiency to support increased production in the future. as well as installing additional solar panels on the factory roof. At present, the company has renewable energy, namely energy from sunlight (solar cells) and biogas that is produced for use within the company. Total production capacity is 8 megawatts, which greatly reduces the company’s energy costs.

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2023-10-24 02:45:32
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