For the Year 2010
During the last three years the Management Team, myself included, have proceeded with determination, dedication and in accordance with the previously established strategy. This strategy had particular emphasis on increasing our market share in respect of high value works such as Pipe Spool Fabrication, Module Steel Fabrication and Structural Steel Erection all targeted for export. The Company was able to generate revenues for the aforementioned works which have accounted for more than 75% (on average) of total revenues and similar to the continuing growing net profit.

Such success has been derived from the obtaining of projects related to the export of the finished product, one such project is the largest single project ever secured by the Company.
The Company managed the Project with optimal efficiency and more importantly, managed the Project in a professional manner thus allowing completion of the Project within the allowed time frame.
During the 2010 period the Management and the Company placed great emphasis on “lessons learned” from previous projects. Such “lessons learnt” included analysis, study, corrections and teaching such lessons to all levels of staff through internal training. The “lessons learned” have allowed the creation of a data base, improved working processes, professional project management all of which will be applied to future projects to ensure delivery of high standards of service thus ensuring maximum satisfaction to our customers.

For the Year 2011 and Beyond
For the year 2011 and beyond, the Management Team and I are determined to seek and find opportunities to submit bids for value added projects abroad with particular emphasis on Australia and other ASEAN countries which are investing considerable amounts of money for expansion in the energy sector.
At the present time, many such projects are now in the final stages of securing the necessary investment approvals. Based on our relationship with many of the companies involved, many have assured the Company that there were many investment opportunities for the Company which would lead to participation on such future projects. Such assurances from our Customer base can be attributed to the reputation and past project performance by the Company.
In the meantime, our Management Team continues to develop professional management procedures particularly in relation to “customer relationships” and “project management tools” which will further enhance our Customer base.
Finally, on behalf of STP & I Public Company Limited, I would like to express my most sincere gratitude to
shareholders, customers, financial institutions, business partners including Government authorities and private sector for their continued support as well as my appreciation to the Management and every employee for their dedication and effort to continue to deliver the maximum satisfaction to customers and supporters.


Masthawin Charnvirakul

Managing Director
STP&I Public Company Limited