CPANEL has unveiled its business plan for 2022, focusing on a Technology-Driven approach to enhance competitive capabilities and aims for record-breaking performance with a revenue growth target of no less than 25%. The company plans to develop machinery to improve production efficiency and reduce operational costs, thereby boosting profitability while expanding its customer base among major real estate developers. It currently has a backlog of 1.19 billion baht and is set to sign contracts worth over 200 million baht in the first quarter.

Mr. Chakrit Teepakornsukasem, Managing Director of CPANEL Public Company Limited, a manufacturer and supplier of precast concrete walls, stated that this year the company is focusing on a Technology-Driven strategy to enhance competitive capabilities, improve production efficiency, and reduce operational costs. The company aims to achieve record-breaking performance for the second consecutive year with a revenue growth target of no less than 25%.

For its operational plan in 2022, the company will develop machinery that can enhance efficiency in design, speed, volume, and quality of precast concrete to better meet customer demand while reducing errors and production losses.

Additionally, there are plans to apply technology for better coordination with customers and internal management, which will help reduce costs and operational expenses, thereby increasing the company's profitability.

As for expanding its customer base, the company will maintain its existing clients while continuously marketing its products to new customers, focusing on large real estate project developers who are likely to expand both horizontal and vertical projects. Currently, the company has a backlog of approximately 1.19 billion baht, with 74% in horizontal projects and 16% in vertical projects, which are expected to be recognized over the next three years. Furthermore, in the first quarter of 2022, the company is awaiting contracts from four horizontal clients and two vertical clients, totaling approximately 200 million baht.

Overall, the real estate market shows positive signals as the domestic economy begins to recover, consumer purchasing power is returning in many areas, and government measures to relax LTV regulations have resulted in continued demand for housing, especially in the mid-to-high segment, which is the company's customer base. Major real estate developers are planning to invest in new projects continuously and are likely to use precast concrete more.

“Given the recovery trend in the real estate sector, competition among operators is expected to intensify, requiring timely project delivery, reduced construction costs, and fewer labor needs while maintaining working capital for operations.

Precast concrete effectively meets these demands due to its short production process, allowing for the design and delivery of the first house within 15 days and subsequent houses approximately 7 days after customer confirmation. CPANEL is thus gaining increasing popularity, and the company believes it can achieve its growth targets,” Mr. Chakrit stated.