HMC Polymers

Editorial staff

HMC Polymers set a target for the year 2023 of 45 billion baht revenue.

HMC Polymers moves forward steadily towards its 40th year,
aiming for sustainable growth as SEA’s leading PP’s manufacturer.

HMC Polymers Co., Ltd., the first and largest manufacturer and distributor of polypropylene or PP resin in Thailand and the forefront in Southeast Asia held its press conference on an occasion of 40th anniversary, aimed to drive business stability coupled with sustainablegrowth through the concept of "INNOVATE ENDLESS POSSIBILITIES".

HMC Polymers plays an important role as a manufacturer of premium grade PP resin in promoting innovation and creating new products that drive both the economy, quality of life and sustainability. Revealing operating results for the year 2022, total revenue of 32 billion baht, growing by more than 4%, and set a target for the year 2023 to sweep the revenue of 45 billion baht.

Mr. Corso Uzielli, president of HMC Polymers, said, “Entering its 40th year, HMC Polymers continues to innovate and develop excellence in both production bases and conducting business in every dimension, continuously aiming to push the 4th production line of the polypropylene plant (PP4) , which was completed in the last quarter of 2022 to operate at full capacity in order to achieve the target of more than 1 million tons of PP resin per year with the most advanced Spherizone technology in the production of PP resin from LyondellBasell, a shareholder of HMC Polymers to produce specialty grade and differentiated grade PP resin, which is different from other manufacturers in the market for a wider range of applications, whether in the healthcare and hygiene, rigid and flexible packaging and a group of industrial products.

Mr. Pornchai Pichitwutikorn, senior vice president of Business Strategy, Innovation, and Commercial added that “After the completion of PP4 plant’s construction, HMC Polymers has two main plans, firstly, product development to meet all the needs of customers to differentiate and gain an advantage over competitors including creating added value, reducing costs and increasing production rates. Along with expanding opportunities to sell new products in domestic and international markets. As a result, the business grows steadily and sustainably. Secondly, market expansion to other regions such as Central Asia, Africa, South America, etc. will increase the export value of HMC Polymers' Specialty PP resin industry and enhance the image of the company an the Thai economy as a leading competitor in Southeast Asia.

HMC Polymers is also committed to the application of international ESG (environment, social, and governance) principles in its operations and sustainability management which is divided into 3 pillars as follows: 1.Carbon Neutrality : under the study of greenhouse gas emission reduction project 2.Connectivity : balancing community and society through various projects and 3.Circularity : focus on reducing the use of new resources according to the Circular Economy principle. Currently, it is in the process of developing PCR plastic resin (Post-Consumer Recycled) which is reusing PP plastic that has been used by consumers and come through the cleaning process feature improvements with technology or innovation to be able to be reused, including experimenting with the PP Reborn project, a waste management platform to stimulate the social to see the importance of the circular economy in a wide area.”