Message from the Board of Directors
Crown Seal Public Co., Ltd. focuses on the vision of the Company that: “The Company will manufacture and sell wide range of packaging products, in addition to top-quality sealing caps, with excellent and innovative management processes and personnel and the Company will provide integrated service aiming towards sustainability.”
If there is consideration of the overall economy and trends of the Thai beverage industry in the past year 2023, the world economy is assessed and it is found that the world economy is recovered from COVID-19 crisis. Even if the negative impact of COVID-19 will be resolved, many factors cause the economy not to improve, such as the energy crisis due to Russia-Ukraine war, growth in many countries is likely to weaken in the period ahead, the battle between Israel and Hamas creates uncertainty for the global economy and risk from immovable property crisis in China, steel and aluminum price has trend to decrease, according to the price of raw materials and price of commodity which is fluctuating and there should be closely following in ASEAN group, while in Thailand, tourism has begun to recover, there are more tourists entering Thailand, but economic growth rate is still lower than many other countries in ASEAN, because of the purchasing power of consumers is still weak. Thai beverage industry situation in the overall did not expand much because purchasing power was affected by the high cost of living, causing consumers to reduce their consumption of luxury products and the trend of consumer behavior turning to pay more attention to their health, increasing of product price due to higher cost and increase of tax rate for beverage based on the amount of sweetness according to the new structure and political change in Thailand, having the establishment of a new government at the end of the year. There are various measures to stimulate the economy in Thailand that should begin to show the result in the year 2024 onwards.
For Crown Seal Public Co., Ltd., in the year 2023 after COVID-19 situation has resolved, the Company estimated that the economy will recover and grow continuously from the year 2022, but because the market condition and economy grows less than those expectations, it caused the operation result to be lower than the specified estimation. However, the Company still maintains market shares of several types of lids. Furthermore, the other works, this year, the Company can achieve the safe work target continuously for more than 365 days; there were no serious accidents and no impact on product production. Quality complaints tend to decrease. The Company can carry out and develop new products according to the plan. In the year 2024, the Company has joint targets for “delivering products to have quality, quantity, tie schedule as customers require”, by relying on the cooperation of all departments in the Company.
In the year 2023, the Company operated submitting renewal of certification to be member of Coalition against Corruption of Thai Private Sector and has been certified on 30 September 2023 continuously in third time. The Company still places importance on social and environmental responsibility in terms of the greenhouse effect. The Company passed the certification and registered as a Carbon Footprint for Organization: CFO, according to the standards and provisions of Greenhouse Effect Management Organization (Public Organization) and receiving Certificate Standard TGO Guidance of the Carbon Footprint for Organization in the second year continuously.
Furthermore, the Company participated in the Industrial Factory Promotion Project, so that the Company has responsibility to the society and community sustainably (Corporate Sustainability Responsibility of Department of Industrial Works) – CSR-DIW for the year 2023, for target to create economic value, along with the taking care of society and the environment in the community and received “CSR-DIW Award 2023” from Ministry of Industry on the past 13 September 2023. The Company submitted the application to use “Halal Logo” with the Central Islamic Council of Thailand (CICT) and it has been certified on 20 December 2023. Such logo is issued for food and beverage of Halal products which are necessary for Muslims in consumption.
The 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 better. This is in the best interest of participants and stakeholders who have always laid their trust and reliability upon the Company.
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.
Our Vision
Leading the industry with high-quality, innovative caps and packaging,
delivering maximum benefit to consumers,
while prioritizing food safety and sustainability.
Missions
1. Provide safe and high-quality caps and packaging products.
2. Dedicate our research and development to innovative caps and other packaging.
3. Provide operational excellence through innovation and continuous improvement.
4. Enhance CSC’s core values, including a safe and happy workplace, to become part of our organizational culture.
5. Comply with good corporate governance and become a sustainable organization.
Our story
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
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 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 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 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
The Year 2022
The Company has passed certification and registration to “Carbon Footprint for Organization: CFO” in accordance with the standards and requirements of Thailand Greenhouse Gas Management Organization (Public Organization) and already received the Certificate Standard TGO Guidance of the Carbon Footprint for Organization.
The Year 2023
The Company received a membership certificate of Thailand’s Private Sector Collective Action Coalition against Corruption (CAC). For the 3rd time in a row, this certification is valid for 3 years from the date of approval. From September 30, 2023 and expiration of certification for 3 years on September 30, 2026.
The Company has passed certification and registration to “Carbon Footprint for Organization: CFO” in accordance with the standards and requirements of Thailand Greenhouse Gas Management Organization (Public Organization) and already received the Certificate Standard TGO Guidance of the Carbon Footprint for Organization.
Department of Industry Received the CSR-DIW AWARD 2023 honorable award to show that the Company Received corporate social responsibility standards (CSR-DIW) on September 13, 2023.
The Company has registered and applied for a license. “Halal” and received a Halal Food Standard License on December 20, 2023.
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
Mr. Pornwut Sarasin
Mr. Sirote Sawasphanich
Mr. Satit Chanjavanakul
Mr. Motoaki Kiri
Mr. Tadashi Funahashi
Mr. Pongpanu Svetarundra
Prof.Dr. Suwimon Keeratipibul
Mr. Rojrit Debhakam
Mr. Dhitivute Bulsook
Mr. Takashi Katsuta
Mr. Yukihito Nozaki
Mr. Hisatoshi Itsubo
Mr. Opart Dhanvenjor
Ms. Retree Chanthum
Executive Committee
Mr. Opart Dhanvarjor
Mr. Yukihito Nozaki
Mrs. Jiraporn Nuthong
Mr. Hassapong Variphanvorakul
Mr. Ariya Dhananukulkit
Mr. Buncha Triyapunjavit
Mr. Charin Vanichvatanyoo
Certificate
