Post by account_disabled on Dec 30, 2023 9:34:01 GMT
KTIS is confident that in 2020 the biological business line will grow well. Environmental love trends push natural products to boom KTIS Group is confident that the bio business line in 2020 will continue to grow, including power plants, ethanol, and bagasse pulp businesses. Embrace the trend of loving the environment and pushing for natural products to boom. Resulting in demand for products to support full production capacity. Mr. Natthapan Siriwiriyakul Deputy Group Executive Officer of Kaset Thai International Sugar Corporation Public Company Limited or KTIS, a leader in the sugar industry and integrated related industries, revealed that from the operating results that have shown good growth in the biological business line of the KTIS group. In 2019, income from the sale of electricity from biomass fuel increased by 28.8% from the previous year, income from the ethanol production and distribution business increased by 23.3%, and income from the bagasse pulp business increased by 7.6%.
It is confident that these 3 businesses will continue to have good growth in 2020 due to the trends in selling prices for electricity, ethanol, and pulp. Still in a good direction Meanwhile, sales volumes are continuously at full capacity. “The sale of electricity has a purchase contract from the Electricity Generating Authority of Thailand. Definitely already As for ethanol, in the past Telegram Number Data there was always demand to buy and support full production capacity. As for bagasse pulp, Because our factory is the only large factory in Thailand that produces bagasse pulp. At the same time, consumers are also interested in preserving the environment and reducing deforestation, so there is demand for products that support full capacity as well,” said the Deputy Chief Executive Officer of KTIS Group. For the sugarcane and sugar business lines, It is believed that the price of sugar in the world market has passed its lowest point. In addition, the amount of sugarcane production decreased due to the drought problem.
Therefore, it is believed that the average sugar selling price in 2020 will be higher than in 2019. Moreover, the quality of sugarcane or the sweetness value of sugarcane in the 2019/2020 crushing season is expected to be better than the previous year. Because there is a fairly long period of cold weather. And reducing sugarcane fires according to government policy has resulted in more fresh sugarcane being delivered to the factory. This means that the quality of sugarcane is also better. In addition to the biological business of the KTIS group that currently generates income, Started production of packaging from bagasse, which is a joint investment with distributors of various packaging products in China and the Biocomplex project. which is jointly invested with Global Green Chemicals Public Company Limited, a company in the PTT Group. Currently, the factory is under construction. and expects to be able to recognize income and profits for the KTIS group in late 2020 or early 2021 onwards.
It is confident that these 3 businesses will continue to have good growth in 2020 due to the trends in selling prices for electricity, ethanol, and pulp. Still in a good direction Meanwhile, sales volumes are continuously at full capacity. “The sale of electricity has a purchase contract from the Electricity Generating Authority of Thailand. Definitely already As for ethanol, in the past Telegram Number Data there was always demand to buy and support full production capacity. As for bagasse pulp, Because our factory is the only large factory in Thailand that produces bagasse pulp. At the same time, consumers are also interested in preserving the environment and reducing deforestation, so there is demand for products that support full capacity as well,” said the Deputy Chief Executive Officer of KTIS Group. For the sugarcane and sugar business lines, It is believed that the price of sugar in the world market has passed its lowest point. In addition, the amount of sugarcane production decreased due to the drought problem.
Therefore, it is believed that the average sugar selling price in 2020 will be higher than in 2019. Moreover, the quality of sugarcane or the sweetness value of sugarcane in the 2019/2020 crushing season is expected to be better than the previous year. Because there is a fairly long period of cold weather. And reducing sugarcane fires according to government policy has resulted in more fresh sugarcane being delivered to the factory. This means that the quality of sugarcane is also better. In addition to the biological business of the KTIS group that currently generates income, Started production of packaging from bagasse, which is a joint investment with distributors of various packaging products in China and the Biocomplex project. which is jointly invested with Global Green Chemicals Public Company Limited, a company in the PTT Group. Currently, the factory is under construction. and expects to be able to recognize income and profits for the KTIS group in late 2020 or early 2021 onwards.