Srithai Superware Public Company Limited “the Company” was initially operated under the name “Srithai Plastic Industry Limited Partnership”. It was founded by Mr. Sumit Lertsumitkul on August 1, 1963, to operate as a manufacturer and distributor of household plasticware.
In 1972, the business was renamed “Srithai Superware Limited Partnership” and the executive team was reorganized. Mr. Sanan Angubolkul was appointed as Factory Manager. A new product line, melamine tableware, was added.
In 1979, the limited partnership was transformed into a company limited under the name “Srithai SuperwareCompany Limited” after which the Company kept on expanding.
The Company was listed in the Stock Exchange of Thailand on October 2, 1991, with an increase of registeredcapital from Baht 170 million to Baht 200 million. The Company was transformed into a public company limited on December 13, 1993. Subsequent to the debt restructuring, due to the significant negative impacts from the economic crisis throughout the Asia Pacific Region, the Company’s paid up capital has been increased from Baht 400 million to Baht 2,857.0 million.
In 2005, the Board of Directors unanimously appointed Mr. Sanan Angubolkul as the Chairman and President ofthe Company replacing Mr. Sumit Lertsumitkul, the late Chairman who passed away.
The Company has restructured its lines of businesses effective from October 1, 2006. The new structure comprises a Plastics Business line, of which main products are industrial products and household products, a Trading Business line, and a supporting line.
In 2008 the Company decreased its registered and paid-up capital from Baht 2,857 million to Baht 2,709.9 million by writing off repurchased common shares which were not disposed of in 3 years from date of repurchase according to the Company’s share repurchase scheme in 2005 for the purpose of financial management being in line with legal requirement.
From the business operations during the past several years the Company has achieved continued growth and revenues with stable financial status and performance. It stemmed from the Company’s continuous expansion of its food and beverage packaging products, which is a product group with a high market demand. The Company also adapted its business and strategies relating to the manufacture and marketing of both its core businesses – namely, industrial products and household products. This has effectively reduced the adverse impact from the local and global economies and has also been successful in expanding the Company’s manufacturing and customer bases in key overseas markets.
The Company’s revenues and business shall continue to grow with stability and sustainability through :
- placing importance in investment to expand its business and manufacturing capacity with products that are
in great demand in the market as well as have a high growth potential in domestic and overseas markets;
- enhancing production’s efficiency;
- improving product quality;
- responding to needs of customers based on environmental friendly manufacturing process;
- effective management that are in accordance with the principles of good corporate governance and of socially responsible.
For the network marketing business, under the new name of “Srithai Network” business starting to use in 2015,the Company focuses on offering wide range of quality products which are necessary in daily lives or products of daily usewith big sized market. They are distributed by sales forces under Multi-level Marketing System. In addition to generating more income for Trading Business Line of the Company, we wish to push forward Srithai Network products as another choice to consumers, coupled with heading towards being a predominant network marketing business that could provide
opportunities to independent business owners and members who are ready to build up networks with ample chances to earn more income. Presently, Srithai Network business could expand member-base and customers. The products are exported to neighboring countries such as Myanmar, Laos, Cambodia, and Malaysia, and the business has high potentialto grow further.