In 2024, the company was able to achieve its profit targets despite challenges from economic uncertainties during some periods of the past year. The company is committed to creating new opportunities for businesses seeking investment and production space to support economic and industrial growth in the country. As one of the leading industrial estates in Thailand, the company places importance on creating an environment conducive to the operations of all types of entrepreneurs in its area of responsibility, especially the development of modern infrastructure and services that can fully meet the needs of various industries.

In addition, the company has expanded its service area and enhanced the development of modern infrastructure to meet the needs of customers who have invested in Navanakorn Industrial Estate. This investment not only creates stability for the company but also has a positive impact on the overall economy of the country by enhancing employment and supporting economic activities in the area.

The company has a future business development plan to create sustainable growth in terms of service area expansion, infrastructure development, and asset value enhancement in Navanakorn Industrial Estate. The focus will be on creating added value for customers by providing excellent services and modern technology. In addition, the company also focuses on supporting the growth of entrepreneurs in the industrial estate to enhance employment and drive the local economy to grow steadily and sustainably by developing new projects that are in line with market trends and the needs of various industries.

In the past year, entrepreneurs within the industrial estate have tended to increasingly use Artificial Intelligence (AI) in their business operations. AI has played a significant role in increasing efficiency and reducing operating costs, especially in production, management, quality control, and customer service. This can help entrepreneurs in Navanakorn Industrial Estate develop faster and more efficient production processes. The use of AI also helps to predict production trends and manage resources effectively and in a timely manner. However, the use of AI in production and management processes may affect certain types of employment, especially in positions with repetitive tasks that can be replaced by technology. However, the company remains committed to supporting the development of this technology to enhance business growth in the long term, while also focusing on developing the skills of personnel to be able to work with new technologies effectively.

To ensure the stability of energy services in Navanakorn Industrial Estate, Pathum Thani Province, the company has partnered with a company specializing in power plants by jointly establishing Navanakorn Power Plant Company Limited. Currently, it has a power generation capacity for Phase 1 and 2 of 185 megawatts and produces 40 tons of steam per hour. Phase 3 is underway to increase production capacity by another 30 megawatts to support the needs of entrepreneurs within the industrial estate. For Navanakorn Industrial Estate, Nakhon Ratchasima, the company has invested in the R.E.N. Korat Energy power plant project, which is an Independent Power Supply (IPS) cogeneration power plant with a total production capacity of 31.2 megawatts. It has already commenced commercial operation. In 2024, the power plant business reflects the company's management approach in joint venture investments that can generate returns for shareholders and stakeholders effectively in the long term.

Our company conducts business with caution and takes social responsibility seriously by adhering to the principles of ESG, which consists of 3 important aspects: (1) Environment, where we are aware of environmental issues and are committed to reducing potential impacts; (2) Social, by giving importance to systematic wastewater management to prevent impacts on the communities surrounding the project; and (3) Governance, where we adhere to the principles of transparency, fairness, and accountability to ensure that our business is sustainable and builds confidence among investors and stakeholders in all sectors in the long term.

On behalf of the Board of Directors, management, and employees, the company would like to thank our shareholders and all stakeholders for their support and trust in the company's operations throughout the years. We would also like to thank all entrepreneurs who have confidence in investing and expanding their investments in Navanakorn Industrial Estate. With our determination, we will conduct business under good corporate governance principles, with social and environmental responsibility, to enhance the strength and sustainability of our business in the long run


Air Chief Marshal Nopporn Chandawanich Ph.D

Chairman of the Board of Directors