2023-06-27 08:30:22
Mr. Bannat Nakphan, Managing Director of C.I. Group Public Company Limited or CIG, the leader in heat exchanger equipment for air conditioning and refrigeration systems for leading brands around the world. Revealed that in the past, CIG has restructured its business. There has been a steady stream of acquisitions, joint ventures, capital raising and fundraising. both changing the board of directors, changing shareholders and starting to change the business with several acquisition announcements But at the same time, there are still doubts from many parts that the company In what direction and how to save the situation and grow the business in the future?
In the past 5 years, the company has expanded from its main business by using the experience, knowledge and expertise of over 40 years in the production of air conditioning and refrigeration parts. Let’s develop and step into the engineering design and build solutions for the Temperature Controlled Supply Chain, including refrigeration systems for In the past, we had a large number of project clients. which we see potential from our strengths that are ready to continue to create higher business value
Therefore, during the year 2022, the company has started looking for business partners (Strategic Partner) who have knowledge and potential to encourage the company to enhance the above strengths. coupled with a strong expansion By investing in Impact Green Utilities Holding Company Limited (IGU), which has Mr. Surachet Chaipatmanon, who has a degree of Vice Chairman and Chief Sustainable Development and Risk Management Officer, Prime Road Power Public Company Limited. Former Head Financial Institution Group (Southeast Asia), JP Morgan Chase & Co., Regional Office in Singapore. important business partners IGU’s investment will focus on business development to meet new energy demand. especially business development related to electric vehicles for logistics and supply chain management (Electric Vehicles for Logistic and Supply Chain Management) and the development of green industrial estates for manufacturers of electric vehicles (Zero Carbon Industrial Estate), etc. There are also plans to develop new innovations. To create energy supply with higher potential and lower cost, such as Energy Storage System (ESS)
In addition, last week the company has approved CIG Utilities and Infrastructure Co., Ltd. (“CIGU”), a subsidiary of the Company, to Received the entire business transfer from Good Ventures Co., Ltd., the business that CIGU received the entire transfer this time. It is a logistics platform named “VE Logistics Platform”.
It is a platform that provides transportation management services (Logistics) to destinations by means of transportation through vehicles. Both electric vehicles and other types of vehicles with applications That will help drive efficient, fast and on-time transportation, which is very important to the supply chain of various businesses. This VE Logistics Platform will be developed to focus on providing services to businesses. Mainly Cold Chain Logistics, which is a business that can extend the core business of the company. Both in the development of refrigerated trucks (Cold Chain Trucks), refrigerated pickup trucks and construction of a cold storage warehouse As well as being able to enhance the potential for business growth. and the Company’s ability to generate income in the long run. The transfer of only VE Logistics Platform carries a lower risk than the entire business acquisition of the transferor.
Mr. Sithiporn Ratanophas, former governor of the Electricity Generating Authority of Thailand who is a consultant to the said project, added that under pressure on energy prices from the war between Russia and Ukraine has a significant impact on oil and natural gas prices. While the production cost of renewable energy such as solar energy, wind energy has decreased from the past. However, electricity is produced and must be used immediately, resulting in the stability of renewable energy remains the main issue that needs to be addressed. At present, the energy storage system (ESS) for accumulating renewable energy for use during times of need is still very expensive. Compared to other methods of electricity generation with raw materials
However, the electric vehicle business for transportation management is one way that, in addition to increasing power demand for IGU, also increases the stability of IGU’s renewable energy business.
About 100 Geely tractor trucks will initially need about 25 MW of solar energy, which will require large batteries and a large capacity. The Battery SWAP Station requires a backup battery for storing electrical energy. The use of those batteries for electrical energy storage to support transportation projects reduces transportation costs. In the future, after electric vehicles have new batteries to replace older batteries. Those will be recycled. and can be switched to an Energy Storage System (ESS), which will continuously create energy security for the project. Which causes the synergy between IGU and CIG because electric trucks have a high potential to be made into refrigerated trucks or refrigerated trucks and refrigerated distribution centers, which is CIG’s main expert. In addition, the engineering team of CIG also has working with government agencies on Energy saving makes the team have a great understanding of the energy business.
“The team has the potential to design (Design) the structure of the electric charging station (DC Charging) and Battery SWAP Station with a solar power plant. cold storage distribution center and Container Refrigerator for electric vehicles to support the project For me, this is the hidden strength of CIG that I was very impressed with after participating in consulting the implementation of the project,” said Sittiporn.
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