Message from the Board of Directors
- Research and develop products to enter broader packaging and other innovative products.
- Provide safe and high-quality packaging products.
- Provide operational excellence through innovative and continuous improvement.
- Offer total solutions to customers.
- Optimize profit margin.
- Enhance CSC core values including safe and happy workplace to be organizational culture.
- Comply to good corporate governance and become sustainable organization.
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