INTEGRITY QUALITY SERVICE - Saha-Union Co., Ltd

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32 SAHA-UNION SAHA-UNION PUBLIC COMPANY LIMITED CHEMICAL INDUSTRY BUSINESS IN CHINA SUPPLY OF MATERIALS FOR PRODUCTION OR SERVICE Production of citric acid uses corn which is agricultural material planted in the upper area of China. The productivity of corn can vary in different seasons and climates. Today, the equipments have been modified in order for the use of cassava as another raw material to become possible. Production of Phthalic Anhydride uses ortho-Xylene derived from refining procedures of crude oil as a raw material. It is mostly procured TYPES OF PRODUCTS OR SERVICES The Company has invested in 2 chemical industry companies namely: 1. Yixing-Union Biochemical Co., Ltd., located in Yixing, Jiangsu Province, established in 2000 to produce citric acid used in chemical, cosmetic, medicine and food industries. 2. Taixing Union Zond Chemical Co., Ltd., located in Taixing, Jiangsu Province, established in 2007 to produce Phthalic Anhydride (PA) which is an additive chemical in plasticizer. PERFORMANCE IN 2011, INDUSTRY TRENDS AND COMPETITION Yixing-Union Biochemical started importing cassava to be used as a raw material to support the expanding production in 2012. Unfortunately, due to the economic recession, falling demand and an intense price competition, the profit of year 2011 was significantly affected. Phthalic Anhydride was mainly used as an additive chemical in PVC commonly used in construction. The policy to control the Chinese overheated economy, partly by limiting purchases and expansion of the real estate and housing business, inevitably affected the construction business and the linkage industries, as well as the overall economy. When the demand was weak while the number of manufacturers increased, price competition became intense. Moreover, the price of ortho-Xylene has significantly gone up; thus, this business has not yet generated profit.
SAHA-UNION 33 SAHA-UNION PUBLIC COMPANY LIMITED REAL ESTATE BUSINESS IN CHINA TYPES OF PRODUCTS OR SERVICES The Company has invested in the real estate business in Jiashan, Zhejiang Province, China, in the form of a residential condominium for sale project, covering an area of 260,000 square meter. PERFORMANCE IN 2011 After launching the construction project, all space was reserved shortly within Phase 1, and the building will be handed over in 2012. The Phase 2 project is now being developed and open for sales.
Page 1 and 2: SAHA-UNION INTEGRITY QUALITY SERVIC
Page 3 and 4: SAHA-UNION PUBLIC COMPANY LIMITED S
Page 5 and 6: SAHA-UNION 03 MAJOR FINANCIAL RATIO
Page 7 and 8: SAHA-UNION 05 12 million bottles/ye
Page 9 and 10: SAHA-UNION 07 Mr. Yanyong Tangchitk
Page 11 and 12: SAHA-UNION 09 Miss Sriwarin Jirapak
Page 13 and 14: SAHA-UNION 11 Mr. Chakchai Panichap
Page 15 and 16: SAHA-UNION 13 Mr. Aksornprasit Dara
Page 17 and 18: SAHA-UNION 15 Mr. Nantiya Darakanan
Page 19 and 20: SAHA-UNION 17 BOARD STRUCTURE AND T
Page 21 and 22: SAHA-UNION 19 SU Investment at cost
Page 23 and 24: SAHA-UNION 21 2011 Cost Method 2010
Page 25 and 26: SAHA-UNION 23 INVESTMENT STRUCTURE
Page 27 and 28: SAHA-UNION 25 INDUSTRY TRENDS AND C
Page 33: SAHA-UNION 31 This year, the Compan
Page 37 and 38: SAHA-UNION 35 CORPORATE SOCIAL RESP
Page 39 and 40: SAHA-UNION 37 Donated necessities,
Page 41 and 42: SAHA-UNION 39 SHAREHOLDING STRUCTUR
Page 43 and 44: SAHA-UNION 41 DIRECTORS’ REMUNERA
Page 45 and 46: SAHA-UNION 43 6. Determine the auth
Page 47 and 48: SAHA-UNION 45 The Audit Committee w
Page 49 and 50: SAHA-UNION 47 CORPORATE GOVERNANCE
Page 51 and 52: SAHA-UNION 49 • The Company shall
Page 53 and 54: SAHA-UNION 51 3.12 The Group Compan
Page 55 and 56: SAHA-UNION 53 5.5 The Board of Dire
Page 57 and 58: SAHA-UNION 55 the operational staff
Page 59 and 60: SAHA-UNION 57 INTERNAL CONTROL The
Page 61 and 62: SAHA-UNION 59 RISK FACTORS The Comp
Page 63 and 64: SAHA-UNION 61 to invest with cautio
Page 65 and 66: SAHA-UNION 63 the sale price of ele
Page 67 and 68: SAHA-UNION 65 manufacturing of elec
Page 69 and 70: SAHA-UNION 67 220.83 million or 1.6
Page 71 and 72: SAHA-UNION 69 the finance lease agr
Page 73 and 74: SAHA-UNION 71 Regarding the interes
Page 75 and 76: SAHA-UNION 73 RELATED TRANSACTIONS
Page 77 and 78: 156 SAHA-UNION AUDITOR’S REMUNERA
Page 79 and 80: 158 SAHA-UNION GENERAL INFORMATION
Page 81 and 82: 160 SAHA-UNION Plastics Rubber and
Page 83 and 84: 162 SAHA-UNION • Union Industries
Page 85:
164 SAHA-UNION OFFICE LOCATIONS DOM
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