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 95 0 22 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 107 0 50

Total Book Value of Land = Baht 36,261,283

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                               36,261,283      65,761,283

  2              Buildings, Road and Lease Right    204,142,543     290,993,553

  3              Plant & Machinery                  2,022,697,835   2,774,111,033

  4              Furniture, Office Equipment and    58,982,970      74,560,409
                 Software                                           

  5              Motor Vehicles                     14,954,229      20,404,457

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

  7              Machinery in Progress              41,631,873      233,632,098

  Total Cost                                        2,535,225,146   3,616,017,246

  Less                                              1,936,320,037   2,320,321,903
  Accumulated                                                       
  Depreciation                                                      

  Total Net Book                                    598,905,109     1,295,695,343
  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 160,000 MT/ year
by way of 4 expansions and debottlenecking and improvement in the
production process. Currently also Company is expanding its capacity by
another 45,000 MT/year approximately due to growth in domestic
automobile industry and export potential.

Similarly the subsidiary company in China is also expanding 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, epoxy rasins,
synthetic yarn etc.

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

The company have 2 representatives as directors of the subsidiary
company in China (total 3 directors). The other subsidiary and
associated / related companies have their own independent management.