TWPC is listed on the Thailand Sustainability Investment for the year 2019, emphasizing the importance of sustainable development in all dimensions; Corporate social responsibility - Environmental aspects. Supporting strong business growth which attract institutional investors to increase investment weight. The CEO "Ho Ren Hua" is confident that the Company expects 6-8% revenue growth this year.
Mr. Ho Ren Hua, Chief Executive Officer and director, Thai Wah Public Company Limited (TWPC), informed that the Company listed in the "Thailand Sustainability Investment (THSI)" 2019, considered as a reflection of the Company's business strategy all aiming for sustainable growth in order to become "A regional leader in starch and starch-related food products" with outstanding performance on Environmental, Social and Governance (ESG) aspects. This will be another option for investors who interested to invest in sustainable investment concepts that incorporate ESG factors into their investment decisions along with the company's financial data to generate long-term continuous returns.
"TWPC is proud to be selected as 1 of 98 listed companies in the sustainable lists, representing business operations with an emphasis on environmental, social, and governance issues related to the Company and all stakeholders. Besides the profits, sustainable development in all areas is another consideration as a key factor that will help the business grow stronger and sustainably in the long-term"
This year is the first year that the Company was selected as a sustainable stock. It is another important supporting the institutional investors who interested in sustainable investing and recognizing ESG as an investment indicator. Essentially, TWPC share proportions will be determined to increase and price stabilization.
The chief executive officer and director of TWPC also said that the performance outlook for the rest of this year is expected to grow strongly about 6-8% as planned Because the amount of cassava roots in the market has recovery. Tapioca starch demand has improved in a better direction from the previous year, especially in China and Taiwan. And the increased production capacity from the purchase of a new factory in Mae Sot, resulting in the Company's production capacity increased about 15% from the existing production capacity of tapioca starch, from around 399,000 tons per year to 465,000 tons per year.