CPANEL has announced its business plan for 2025, targeting a 100% increase in revenue while maintaining a healthy net profit margin. The strategy emphasizes expanding its customer base, focusing on government projects with a target ratio of 40% government work and 60% private sector work. The company is committed to driving sustainable business practices and developing low-carbon Precast Concrete products that reduce greenhouse gas emissions and meet the market's growing demand for sustainability.

Mr. Chakrit Tipakornsukasem, Managing Director of CPANEL Public Company Limited, a manufacturer and distributor of fully automated precast concrete products for real estate construction projects, announced the company's ambitious growth plan for 2025. The goal is to achieve a 100% revenue increase from 2024 while maintaining a healthy net profit margin. The strategy focuses on expanding the customer base in the public sector and diversifying private sector projects, aiming for a revenue ratio of 40% from government work and 60% from private work.

Additionally, the company places importance on developing low-carbon precast concrete products by improving and innovating new concrete mix formulas that enhance efficiency without compromising product strength. This initiative aims to reduce carbon dioxide (CO2) emissions, addressing the construction industry's focus on minimizing greenhouse gas emissions. The company is also committed to improving production processes for greater efficiency, reducing waste, and controlling pollution from manufacturing processes, such as dust and toxic gases, while managing costs rigorously.

“The goal of 100% growth compared to the previous year reflects our confidence in the business's potential and our readiness to face future challenges. By focusing on government projects, we see growth opportunities from government policies that support infrastructure investment and residential construction nationwide. The company is prepared to continuously participate in bidding for various projects to maintain an appropriate backlog level, while increasing the proportion of government work to reduce reliance on the more volatile private sector. Currently, our backlog stands at approximately 1.565 billion baht, with revenue recognition starting from the first quarter of 2025. Furthermore, developing innovative precast concrete products that align with construction trends will be a key factor in driving the company's growth and ensuring long-term sustainability,” Mr. Chakrit stated.