Land, Buildings, and Machines (Company only)

The details of various locations and land area are as follows :

Location Land Area Ownership Rai Ngan Wah

1. Factory at Angthong 119 2 40 Owned by the company

2. Worker Colony at

Angthong 3 0 0 Owned by the company

3. Storage tanks at

Sriracha 9 0 28 Owned by the company

Total 131 2 68

Total Book Value of Land = Baht 55,447,008.25

The company does not have any machines and equipment which is having the
Book Value of more than 10% of the total assets. All the assets are
shown at Net Book Value in the financial statement.

Details of Property, Plant, and Equipment

  -------------- ---------------------------------- --------------- ----------------
                 Items                              The Company     Consolidated

  1              Land                               55,447,008      55,447,008

  2              Buildings, Road and Lease Right    308,214,647     469,525,163

  3              Plant & Machinery                  2,706,972,965   3,455,382,053

  4              Furniture, Office Equipment and    63,519,432      73,452,297
                 Software                                           

  5              Motor Vehicles                     13,368,229      13,368,229

  6              Machinery Under Financial Lease    156,554,413     156,554,413

  7              Machinery in Progress              -               17,649,583

  Total Cost                                        3,304,076,694   4,241,378,746

  Less                                              2,075,130,245   2,103,815,061
  Accumulated                                                       
  Depreciation                                                      

  Total Net Book                                    1,228,946,449   2,137,563,685
  Value                                                             
  -------------- ---------------------------------- --------------- ----------------

Investment

Investment policy 

The manufacturing of carbon black is Company’s core business and Company
always looks for the opportunity to expand and grow and emphasize on
future growth of the business. Due to Company’s growth policy, the
company grew from the initial capacity of 16,000 MT to 210,000 MT/ year
by way of 5 expansions and debottlenecking and improvement in the
production process. During the year the Company has expanded its
capacity by another 45,000-50,000 MT/year approximately due to growth in
domestic automobile industry and export potential.

Similarly the subsidiary company in China has also expanded its capacity
by approx 40,000 MT/ year due to growth of automobile industry.

The decision of Company’s investment mainly depends on growth
opportunities, return on investment and sustainable growth of Company
business and its investment in other companies and business. Due to this
reason the company have investment not only in Carbon black business but
also in other profitable businesses such as acrylic fibre, chemical,
synthetic yarn etc.

The company will continue to explore possibilities to invest and expand
in carbon black and other business to maximize return on shareholders
funds. The size of investment will depend on business opportunity and
growth potential.

The company have 3 representatives as directors of the subsidiary
company in China (total 4 directors). The other subsidiary and
associated / related companies have their own independent management.