Message from the Board of Directors

“as a leader in the productions of quality seal caps, has focused on the manufactures of a wide variety of packaging to meet customer needs. Our company has the products with readiness for innovation and competition as well as being environmentally friendly and offering safety and comprehensive services to customers in ASEAN and targeted markets”.
In order to continue our past success and enable the Company to sustainably move forward, we have conducted a study on the new packaging market for future expansion where the clearer result of which is expected to be expressly obvious from 2021 onwards, even though in 2020, we were hit with a critical event, i.e., COVID-19 pandemic consequently causing a severe impact on the global economy and it is not yet clear that the pandemic will stop and when will there be an effective vaccine to stop the spread of the COVID-19. As a result, Thailand’s economy in the overall picture in 2020, was way much lower than what the government had estimated. Our company was also affected…. Read more
vaccine to stop the spread of the COVID-19. As a result, Thailand’s economy in the overall picture in 2020, was way much lower than what the government had estimated.   Our company was also affected by the government’s curfew, the blocking of the admissions of tourists into the country including the closures of entertainment venues and requests for co-operations to people to adapt themselves to the new normal way of social distancing eventually causing the changes in food and beverage consumption habits and resulting in them to spend their times more at homes, stop their social gatherings, turn to online purchase order system consequently making the overall beverage consumption rates declined.   Even though the consumptions of some types of health-related beverages have increased, the Company’s sales are somewhat lower than last year. Yet, the profitability-to-gross sales ratio has still remained close in similarity. We have made the adjustment to prevent COVID-19 from spreading which may happen to our employees and the Company by implementing important measures: such as; working from home, screening people at risk and applying measures in accordance with the Center of COVID-19 Situation Administration (CCSA), as well as requesting co-operations from employees to strictly comply with. Such action measure has still remained in force and been adjusted to suit the changing circumstances in order to enable the Company to continue to conduct business operations as usual and make the Company’s business partners confident that they would receive good and quality products in accordance with their requirements. In 2020, Crown Seal Public Company Limited has completed the 50th year anniversary of its business operations.   To celebrate this significant occasion, we had organized important activities for giving back to society our gratitude: such as; donating money to Rajavithi 2 Hospital (Rangsit) and Rajavithi Hospital Foundation in the total amount of 5 Million Baht, employee volunteers for joint participation in the development of Wat Wang Thip Phantharam School, Khao Phra Sub-district, Muang District of Nakhon Nayok Province, and co-hosting the Kathin (yellow robes) presentation at Wat Chantarasuk, Prachathipat Sub-district, Thanyaburi District of Pathum Thani Province and during the crisis of COVID-19 outbreak, the Company and employees had donated survival bags to affected people at Wat Sai Suwapan, Khlong Si Sub-district, Khlong Luang District of Pathum Thani Province. Pathum Thani and Wat Khian Khet, Bueng Yitho Sub-district, Thanyaburi District also of Pathum Thani Province.   In addition, we have placed the importance on the sustainable business development both on the aspects of the economy, society and environment. We have executed actions and monitored controls over various values properly in accordance with the Regulations of Department of Industrial Works and Pollution Control Department. Our waste treatments and disposals have been handled properly in accordance with the Environmental Law and Regulations to prevent any impact on the community and the environment which is the Company’s important goal as well as submibng the application for renewal of the Private Sector Anti-Corruption Coalition Membership Certificate which was received on 30 September 2020, and would be valid for 3 years from the date on which the approval resolution is rendered.   Board of Directors would like to express our appreciation to shareholders, investors, partners, customers, business allies and relevant government agencies for their confidence and good supports to the Company’s business operations which we have always received. My thanks also go to all employees who have exerted their utter efforts for hard working to lead Crown Seal Public Company Limited to go forward with stability and strength with the readiness to develop and change things for the beder.   This is in the best interest of participants and stakeholders who have always laid their trust and reliability upon the Company.

Company Profile

Crown Seal Public Company Limited is a manufacturer and distributor of Crown Caps, Pilfer-Proof Caps, Maxi Caps, Plastic Caps and Composite Cap used as bottling and container seals for products namely carbonated drinks, milk, beer, liquor, soda, drinking water and medical supplies including the hand-held capping machine and Maxi-Cap Sealing machine. Furthermore the Company also earns the revenue from the printed sheets service.
Crown Seal Public Company Limited was established in 1968 by receiving technological supports from Nippon Closures Co., Ltd., a company in Toyo Seikan Group Holdings Co., Ltd. of Japan. With the high quality products and sufficient production capacity, the Company has distributed the products to leading customers both in country and overseas. Throughout the operational period of being engaged in the business of caps and closures packaging, the Company has developed and built up long standing relations with the customers by firmly adhering to the productions of quality products and create satisfactions to the customers which, in this respect, leading technology from Toyo Seikan Group Holdings Co., Ltd., is used in the productions. In addition, the Company has still devoted its utmost effort and firmly determined at all out endeavor possible to step forward in becoming the leader in packaging in the future.

Core Values

Our Vision

Offer broader packaging products besides our leading quality cap and closures with operational and people excellence, innovative products, and total solutions in order to achieve sustainability.

Missions

  1. Research and develop products to enter broader packaging and other innovative products.
  2. Provide safe and high-quality packaging products.
  3. Provide operational excellence through innovative and continuous improvement.
  4. Offer total solutions to customers.
  5. Optimize profit margin.
  6. Enhance CSC core values including safe and happy workplace to be organizational culture.
  7. Comply to good corporate governance and become sustainable organization.

Our story

2014

2015

2016

2017

2018

2019

2020

2021

The Year 2014

The Company has established a joint venture with Nippon Closures Co.,Ltd. and Davlyn Steel Corporation (Hong Kong) Co.,Ltd. named PT. Indonesia Caps and Closures to manufacture caps and closures in Indonesia with the registered capital of 5,750,000 US Dollar, the number of share holding at 14,375 shares or 25.0% of the registered capital.

The Year 2015

There was no significant change.

The Year 2016

The Company has joined the declaration of intent in view of establishing Thailand’s Private Sector Collective Action Coalition Against Corruption.

The Company had written off the investment in Heritage Stoneware Co., Ltd. amounting 10 Million Baht which had been reserved the full allowance for loss on diminution in value since 1998. The Company had gone bankrupt and the Central Bankruptcy Court ordered closing the case in the year 2016.

The Year 2017

The Company sold its 140,000 shares in Petpak Co., Ltd., at the price of 303 Baht per share to Bangkok Glass Plc., The Company is not a shareholder in Petpak Co., Ltd.

The Company had waived the rights to purchase 15,375 increased capital ordinary shares of PT. Indonesia Caps and Closures or 25% of the increased capital ordinary shares of 9,225 shares to Nippon Closures Co., Ltd. or 15% and to Davlon Steel Corporation (Hong Kong) Co., Ltd. of 6,150 shares or 10% of the number of CSC’s waived capital-increasing shares, after capital increased of ICC the Company shareholding in ICC of 14,375 shares or 12.08% of the registered capital of ICC.

Crown Seal Public Company Limited received a membership certificate of Thailand’s Private Sector Collective Action Coalition against Corruption (CAC) from the CAC Council in “Thailand’s 8th National Conference on Collective Action Against Corruption”, held on November 21, 2017.

The Year 2018

There was no significant change.

The Year 2019

The Company sold its 14,375 shares in PT. Indonesia Caps and Closures (ICC) at the price of 1,837.36 Baht per share by CSC of 8,625 shares to Nippon Closures Co., Ltd. (NCC) or 7.25% and to Davlyn Steel Corporation (Hong Kong) Co., Ltd. (UCC) of 5,750 shares or 4.83% of the number of shares.

The Year 2020

The Company has reviewed and filled out the Self-Evaluation Tool for countering bribery to certificate renewal from the Thai Private Sector Collective Action Coalition Against Corruption. On 30th September 2020 had resolution approved to provide the certificate renewal of the Company as a member of the Thai Private Sector Collective Action Coalition Against Corruption (CAC). This certification is valid for 3 years from the date of approval. From September 30, 2020 and expire of certification for 3 years on September 30, 2023.

The Year 2021

The Company was selected to be in the “List of Sustainable Stocks or Thailand Sustainability Investment (THSI)” for the year 2021 in the industrial product category, the SET announced the results on October 4, 2021. In 2022, the Company continues to participate in such projects in order to continue to be an organization for sustainability

Risk Management

Crown Seal Public Company Limited recognizes the importance of risk management policy with integration way and in line with company’s strategy and business goals. Our risk management processes is well defined and managed by risk management committees. Such processes is to identify and assess risk event and potential impacts on our business strategy or our company’s goals and mitigate the risk event at the appropriate level. Therefore, our company risk management has been well managed effectively to reduce the impact level that might happen in the future and ensure that the risk management is in accordance with international standard – COSO ERM 2017.
Risk management process with good standard in order to manage risks that may affect operations of the company effectively and improve implementation of risk management throughout the company in the same direction. Risk management is an important part of business planning decision and operation Including the formulation of prevention and mitigation of risks. In addition to reduce damages, risk management is well monitored and assessed regularly. Risk management is a part of responsibility of executives and employees to create awareness the risk at operational and corporate level by giving importance to risk management in various areas to a sufficient and appropriate level. Risk Management Committees have the authority to formulate and review the risk management policy, objectives and framework of risk management operations covering key risks and support the implementation of corporate risk management in line with strategy and business goals including changing circumstances.

Organization Chart

Board of Directors

Mr. Dhep Vongvanich
Independent Director / Chairman of the Board of Directors and Chairman of the Executive Committee
Mr. Pornwut Sarasin
Vice Chairman
Mr. Sirote Sawasphanich
Independent Director and Chairman of the Audit Committee
Mr. Satit Chanjavanakul
Independent Director / Chairman of the Nomination and Remuneration Committee and Member of the Audit Committee
Mr. Motoaki Kiri
Director
Mr. Tadashi Funahashi
Director and Member of the Executive Committee
Mr. Pongpanu Svetarundra
Independent Director / Member of the Audit Committee and Member of the Nomination and Remuneration Committee
Prof. Dr. Suwimon Keeratipibul
Independent Director / Member of the Executive Committee and Member of the Nomination and Remuneration Committee
Mr. Dhitivute Bulsook
Director
Mr.Yoshiyuki Shikano
Director
Mr. Yukihito Nozaki
Director and Member of the Executive Committee
Mr. Hisatoshi Itsubo
Director and Member of the Nomination and Remuneration Committee
Mr. Rojrit Debhakam
Directors
Ms. Ratree Chanthum
Company Secretary / Secretary of Board of Directors / Secretary to the Executive Committee and Secretary to the Nomination and Remuneration Committee

Management

Mr. Opart Dhanvarjor
President
Mr. Yukihito Nozaki
Senior Vice President-Technical
Mr. Ruj Tantsetthi
Vice President-Plant
Ms. Naruporn Arunpraphan
Vice President-Sale
Mr. Peerasage Sopakanit
Vice President-Finance and Accounting

Certificate

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