Our Story

• In March, the company approved a share repurchase program (Treasury Stock) for financial management, with a budget not exceeding 50 million baht or a maximum of 19 million shares.
• In October, the company received the SET Awards 2024, winning the Best Company Performance Award and the Outstanding CEO Award.

• In November, the company received the CAC CHANGE AGENT Award 2024.

• In July, approved to register a new subsidiaried company, named “SFLEX Investment Pte. Ltd.”, in Singapore to support future investments.
• In October, approved on the issuance of rated debentures, which its total value would not be over Baht 600 million.

• In November, the company was granted a right to use the carbon footprint logo of the organization.
• In December, invested 25% shares in Starprint Vietnam Joint Stock Company (SPV), a renowned offset folding carton manufacture in Vietnam.

• Registered a joint venture company "Star Union Packaging Co., Ltd." registered capital of 1 million baht.
• Registered capital increase Star Union Packaging Co., Ltd. from a registered capital of 1 million baht to 250 million baht to manage and operate the company's business.
• Appoint the Corporate Governance and Sustainability Development Committee
• Participate in declaration of intent “Anti-corruption and corruption”
• Approved the share repurchase project for financial management (Treasury Stock).

• Certified by GHPs (Good Hygiene Practice) from SGS (Thailand)
• Approved the issuance and allocation of warrants to purchase the newly issued ordinary shares of Starflex Public Company Limited No. 1 (SFLEX-W1) 82 million units and No. 2 (SFLEX-W2) 102.5 million units, total not exceeding 184.5 million units
• The Company registered the change in the number of ordinary shares by issuing 184.5 additional ordinary shares pending to the exercise of the warrants SFLEX-W1 and SFLEX-W2.
• PS+, subsidiary company, has increased its registered capital from Baht 2 million to Baht 20 million
• The Board of Directors has approved to set up a joint venture company, where the Company and Thai Union Graphics Co., Ltd., subsidiary of Thai Union Group PLC, will collaborate to manufacture flexible packagings.

• Approved to construct a new factory sized 13,595 square meters.
• Invested in a Blown film machine, which can produce either Linear low-density polyethylene (LLDPE), or Low-density polyethylene (LDPE) films sized 1,800 millimeter at 500 kilogram per hour.
• Approved to install Solar power on the roof, of which capacity is 1,000 Kilowatts.
• The Company has been granted by Board of Investment Thailand (BOI) approved on measure of improvement of production efficiency under Multilayer Plastics packaging business.
• In September, the Company changed its par value from Baht 1.00 to Baht 0.50. As such, the ordinary shares have changed from 410 million to 820 million shares.
• Set up a new subsidiary, PS Plus Consulting Company limited (“PS+”), which aims to do business onbuying and selling all merchandizes including Film and Foil.

Annual General Meeting of Shareholders in 2019, on 18 March 2019, approved the company to proceed as follows:

• Transformed into a public company
• Change the par value per share from 100 Baht to 0.50 Baht.
• Increase registered capital amount by 110 Million Baht, from the previous registered capital of 300 Million Baht to 410 million Baht, by issuing new ordinary shares in the amount of 220 Million shares with a par value of 0.50 Baht with the allocation details as follows:
  (1) New ordinary shares of 198 million shares offered to the public
  (2) New ordinary shares in the amount of 22 Million shares offered to the Directors, Executives and employees of the company.

In the event that there are remaining shares from the offering to the Directors, Executives, and employees of the company, the ordinary shares will be offered to the public.

In order to expand the production of soft plastic containers, on 1 April 2019, the company leased factories and office buildings, located at 470/3-4 Moo 5, Phraeksa, Mueang, Samut Prakan, total area of 5,300 square meter (factory No. 2) from NSPK Company Limited. The Company also purchased machinery and equipment with a value of 38.85 Million Baht, from Holy Plas Company Limited, which has no relationship with the Company.

Started production of soft plastic packaging at the factory No. 2 in May 2019.

The Extraordinary General Meeting of Shareholders 2019, on 26 September 2019, approved the Company to change the par value per share from 0.50 Baht to 1 Baht. This means the current value of the Company consisted of the total issued and paid-up shares of 300 Million shares. After the change of par value per shares by including the par value, it will increase the capital of the Company and increase shares of the Company that are arranged for sale to the public for the first time (Initial Public Offering) and for sale to Executive Directors and employees.

The changes are as follows:

1. New ordinary shares of 99,000,000 shares for sale to the public for the first time (Initial Public Offering).
2. New ordinary shares of 11,000,000 shares for sale to the Directors, Executives, and employees of the company.
   • The Company paid dividends in the year 2019 in the amount of 105 Million Baht, with details as follows:
     - The Board of Directors Meeting 1/2019 on 28 February 2019 approved the dividend payment from the annual operating results 2018 at the rate per share of 30 Baht, totaling to 90 Million Baht.
     - The Board of Directors Meeting 5/2019 on 11 September 2019 approved the payment of dividends at the rate per share of 0.025 Baht, totaling 15 Million Baht.
   • On 19 December 2019, the Company became a publicly traded company in the Stock Exchange of Thailand.

Certified by FSSC 22000 UKAS, United Kingdom

Increased the registered capital by 50 Million Baht from the previous registered capital 250 Million Baht, to 300 Million Baht, by issuing new ordinary shares in the amount of 500,000 shares with a par value of 100 Baht, offered to the existing shareholders. For the purpose of increasing working capital in the business.

The Company paid out dividends in 2018 in the amount of 133.33 Million Baht, with the following details:

• The Board of Directors meeting 2/2018, on 26 February 2018, had a resolution to approve interim dividend payment at the rate per share of 31.11 Baht, totaling to 77.78 Million Baht.
• At Board of Directors meeting 13/2018 on 11 October 2018, the Board approved the payment for interim dividends at the rate per share of 22.22 Baht per share, totaling to 55.55 Million Baht.

In order to support business expansion in the future, the Company invested in 4 lots of vacant land, with the total area of 13 rai and 28 square wah. The land is located next to the factory. The land was purchased from Miss Fah Sae-Lue, which has no relationship with the company.

Purchased the land and buildings used as the factory and office building of the Company (previously rented) from Bang Pheriang Phatthana Company Limited, which has no relationship with the company. The purchased assets consist of 5 lots of land, with the total area of 18 rai 3 ngan, 86 square wah, the factory, and 2-story office building.

Certified by FSSC 22000 from SGS (Thailand)

Certified by GMP (Good Manufacturing Practice) from SGS (Thailand)

Certified HACCP Codex Alimentarius certified by SGS (Thailand)

Started production and distribution of soft plastic packaging in the form of 4-sided seal pouch.

Relocated the factory location from 128/345 Soi Thai Insurance, Thepharak Road, Moo 1, Bang Sao Thong, Samut Prakan to 189/48-49 Moo 3, Bang Phriang, Bang Bo, Samut Prakan. This is the current location of the factory. The land and office building was rented from Bang Phriang Pattana Company Limited, which has no relationship with the Company.

Started the production and distribution of soft plastic packaging, envelope, stand-up pouch, and 3-sided seal pouch.

Certified by GMP (Good Manufacturing Practice) and ISO 9001: 2005 certified by Bureau Veritas.

The Company was issued a Factory Operation License (Ror Ngor. 4) In February 2004, Starprint Public Company Limited, located at 128/345 and 128/240 Soi Thai Insurance, Thepharak Road, Moo 1, Bang Sao Thong, Samut Prakan.

Started the production and distribution of soft plastic packaging in roll form to customers who are consumer goods manufacturers.

Registered as "Star Flex Company Limited” on 20 August 2003.