TRITON GROUP : TRITON announced business Plan for year 2020 “Risk Mitigation and Focus on Repeatable Income”

Mr.Chirdsak Kukiattinun, CEO of TRITON HOLDING PUBLIC CO., LTD. announced business strategy for year 2020 that the company will expand into 3 major business sectors aiming at diversifying the company into :-

1. Engineering Specialization Sector. Comprising of Horizontal Directional Drilling and Pipe Jacking of pipeline laying underground, under river as well as under highway, which are the company’s current on-going projects. Future projects will expand into signage system for mass transit railway; sky train and underground. The company viewed the market promising and competition is not high.
2. Renewable Energy Sector. In 2019, the company has invested in Nongree Biogas Power Plant 3MW in Kanchanaburi province, of which the operation already supplied electricity. In 4th Quarter of 2020, the company plan to complete the construction of Akkarawat Biogas Power Plant 5 MW in Supanburi province. In addition, the company will move forward to submit for another 2 biogas community power plants total at 12 MW soon. Biomass and Waste to Energy Power Plant are also under business plan with emphasis on high return, low risk
3. Food and Packaging Sector. The company has invested 20% in GLOCON. As planned, this sector will build future revenue and profit. The company earned 1,200 Million Baht in 2019 and in the first quarter of 2020 earned an income of 400 million Baht with expected growth of revenue at 50% . GLOCON’ s main product lines are
   a. Ready to eat foods for convenience stores and frozen food for export
   b. Packaging Material (soft and plastic)
   c. Quick Service Restaurant under A&W and Kitchen Plus brand
   d. Dehydrated fruits for export market

TRITON has investment philosophy to minimize risk and emphasize on generating repeatable income with medium to high return on investment on long term basis, all of which will contribute to the interests of our shareholders.