United Paper Public Company Limited produces and distributes box surface paper and Kraft paper for packaging corrugated boxes in Thailand. The company was incorporated in 1990 and is headquartered in Bangkok, Thailand.
UTP announces temporary suspension of raw material deliveries and production due to flooding at Prachin Buri plant
United Paper Public Company Limited, or UTP, announced through the Stock Exchange of Thailand that, due to flooding in Prachin Buri province, where the company's production plant is located, the company has found it necessary to temporarily suspend the receipt and delivery of raw materials and its production processes. The company is closely monitoring the situation and has added supplementary measures to address and prevent potential impacts, and will report further progress in due course.
UTP expects recovery in Q4 2026, ramps up capacity to 300,000 tonnes by 2027
United Paper Public Company Limited, or UTP, a producer and distributor of kraft paper for the packaging and container industry, is signalling that its fourth-quarter 2026 operating results will recover on the back of economic activity and the late-year festive season, after the third quarter of 2026 is expected to be flat due to seasonal factors, particularly the rainy season when demand for paper boxes and packaging slows. Mr. Vachara Chinsetthawong, Chief Executive Officer and Managing Director, told the Stock Vision news team that UTP's plant currently has production capacity of about 260,000 tonnes per year and is running at close to full capacity. The company is therefore focusing on improving the efficiency of its existing machinery rather than investing in large new machines, with the work expected to be completed in 2027 and to add roughly 10 to 20 percent to capacity, lifting total capacity to about 300,000 tonnes per year to serve rising demand for packaging paper, especially from e-commerce and consumer goods. On raw material management, the company uses about 60 percent domestic raw materials and imports about 40 percent, with the main import sources being Europe and the United States. It also manages the timing of imports in line with global market prices and considers alternative raw materials with suitable costs to cope with price volatility and uncertainty from geopolitical situations. At the same time, the company is emphasising Product Mix management by increasing the share of value-added products, or High Value Products, such as paper for box surfaces, to support sales growth in line with its targets.
UTP.BK · Demand · Positive UTP expects Q4 2026 recovery and is ramping capacity to ~300,000 tonnes by 2027 to serve rising packaging-paper demand, especially from e-commerce and consumer goods.
UTP.BK · Supply · Positive Company is improving existing machinery efficiency to add 10-20% capacity and manages raw-material imports/alternatives to cope with price volatility and geopolitical uncertainty.
United Paper Public Company Limited, or UTP, reported second-quarter 2026 profit attributable to shareholders of 220.32 million baht, up 59% from the same period last year, and first-half profit of 394.79 million baht, growth of 43.3%, supported by large orders for durian packaging boxes and paper prices that rose in line with raw material costs. Managing Director Watchara Chinsettawong said the third quarter of 2026 will be a low season, so the company is accelerating production to build inventory for fourth-quarter 2026 orders, which mark the peak high season. It is also upgrading existing machinery to increase production capacity by another 20% within one to two years, from current utilisation of nearly 100%, or about 270,000 tonnes per year, and expects 2026 output to exceed 260,000 tonnes. The company will pay an interim dividend of 0.40 baht per share, with a record date of 27 August 2026 and payment on 11 September 2026.
Thailand
