Panjawattana Plastic Public Company Limited

Wiwan Hemmontarop, Chairman of the Executive Committee of Panjawattana Plastic Public Company Limited, or PJW, told the Stock Vision news team that the company expects its operating results in 2027 to recover outstandingly, growing 100% from the current year, after recognizing a full year of revenue from new automotive model parts. PJW currently has total revenue of approximately 3.5 billion baht, of which the automotive parts business accounts for about 20%, or roughly 600 to 700 million baht per year, and this business is expected to grow about 50% or more next year to reach 1 billion baht, driven by production of parts for Japanese automakers, covering both hybrid and electric vehicles, with revenue gradually recognized starting last October. For the first three quarters of 2026, performance slowed due to a flat automotive market and higher plastic raw material costs, and full-year net profit is expected to fall by no more than 20% from the previous year, though the fourth quarter of 2026 should improve on the first nine months. In the packaging business, raw material price conditions are expected to ease in the fourth quarter of 2026 after Long Son Petrochemicals, or LSP, a plant under the SCC group, resumed operations, and the company began gradually adjusting selling prices to reflect actual costs starting in the fourth quarter of 2026, with full adjustment expected in the first quarter of next year. Meanwhile, the industrial laundry service business continues to grow steadily at about 10%.