Bangbon Plastic Group unveils branding rejig
published : 26 May 2022 at 04:00
newspaper section: Business
Bangbon Plastic Group has announced that the company has been renamed as Nano Electric Product.
Phattara Bunyalak, deputy chief executive of Nano Electric Product Co, said that Bangbon Plastic Group changed its name to reflect its branding and the company's reputation for consumer awareness and recognition.
Under the concept of integrated electronic equipment and plastic products for construction, the company plans to penetrate the property developer market through its expansion of inventory and its 8,000-square-metre factory.
Nano Electric Product has also purchased new machinery from Japan and Germany with a total investment of 200 million baht.
As for the firm's performance, the company posted 435 million baht in revenue for the first four months of 2022, a 20% year-on-year increase.
About 70% of the revenue came from traditional trade such as local electronics shops, 15% from real estate projects from leading property developers, 10% from shops overseas and the remainder from modern trade and online platforms.
Nano Electric Product estimates it will be able to generate 1.5 billion baht in revenue by the end of this year.
Nano Electric Product's factory. The firm plans to penetrate the property developer market through its expansion of inventory and factory of 8,000 square meters.