Message from Chairman & President

In 2024, slow growth is the overall picture of economic expansion and domestic consumption. On the other hand, the supply for fast moving consumer goods (FMCG) showed a stable growth. Demands for other kinds of goods and services also showed a trend of stable prices.

Oil price remained at a suitable level that our company can mange effectively. Interest rate showed a trend of long-term decrease. However, the domestic financial market, especially the bond market, showed a significant contraction. The capital market continued to provide a decreasing yield and could not give an adequate reflection to the performance of listed companies.

In the past, our company has expanded investment in cooperation with a factory manufacturing high quality paper packaging in Vietnam. This is a strategic adjustment to manage our risk in earning and products. Regarding our foreign investment, we have also expanded our cooperation with a large food manufacturing group to increase our potential in making soft packaging for foods. As for our internal development, we have improved and modernized our machinery and manufacturing processes to be able to respond to changing customers’ needs. We have also improved our supply chain of our whole system to increase efficiency and to support our strategy in increasing the company’s competitiveness.

For the past few years, our company has developed in several dimensions in order to increase our competitiveness and ability to make long-term adjustment and this has resulted in an impressive performance. Our profit has set new highs for nine quarters successively. We have received 2024 Best Company Performance Award and 2024 Outstanding CEO Award from the Stock Exchange of Thailand (SET). This clearly proves our continuous determination, devotion, and responsibility in conducting business resulting in confidence and trust from our customers, supporters and stakeholders.

Finally, we remain committed to sustainable growth, ethical business conduct, and social and environmental responsibility. We shall emphasize the creation of added value for our shareholders and all stakeholders to repay their continuous trust and support to the company. We sincerely look forward to nonstop support so that we can face new challenges and continue our sustainable growth.

Mr. Pakorn Malakul Na Ayudhya

Chairman of the Board of Directors

For over 16 years, Starflex Public Company Limited (SFLEX) has operated with strong determination, attention to quality, as well as understanding and detail care of customers. Nowadays, SFLEX has become the leading corporation for flexible packaging in Thailand. With our specific business expertise developed from direct experiences and continuous feedback from customers, SFLEX is ready to compete on a global level.

Prioritizing technology and innovation, we have always selected the top and most advanced technologies. SFLEX is fully aware of the rapid global changes and we have prepared a working plan to deal with such changes. In particular, SFLEX has emphasized the Green Marketing, which is considered to be a mega-trend in the world.

SFLEX is confident that we will be among the world-wide leaders in flexible packaging business operators and will progress to become the leader in the ASEAN region with stability and sustainability.

Mr. Printhorn Apithanasriwong

Chairman of the Executive Committee