Expanding warehouse construction, including investment in granule pipeline systems, and upgrading packaging systems to fully automated fillers.
The company invests in new machinery to enhance production capacity and continuously expand its market presence.
Two subsidiary companies have been established, namely, Composite Asia Co., Ltd. and Poly Meritasia Co., Ltd. for tax benefits. Both companies engage in manufacturing high-density white plastic pellets and physical property additives in the plastic industry.
The Poly Meritasia Company Limited has received investment promotion from the Board of Investment (BOI) and relocated its factory to Bang Poo Industrial Estate, 858 Moo 2, Soi 1C/1, Samut Prakan Province, to accommodate production capacity expansion.
Engaged in purchasing securities of the Stock Exchange of Thailand at a price of 2.89 baht per share, totaling 30,000,000 shares, and increased the registered capital to 145,250,000 baht. Furthermore, initiated the transformation of the company into a public company in order to register the company on the Stock Exchange of Thailand (SET).
Engaged in acquiring ordinary shares of Poly Meritasia Co., Ltd. from Nicer Chemical Co., Ltd. and, in September, underwent a name change to Salee Colour Public Company Limited.
Entered into an investment agreement with Nicer Chemical Co., Ltd. to establish Poly Meritasia Co., Ltd. for the production of masterbatches, specializing in filler-type materials.
On August 13th, 2003, Salee Colour Public Company Limited was established through a collaborative investment effort by the management team and employees of the company.