Posts in category: Business

February 27, 2025, Congratulations to AGC Vinythai’s Map Ta Phut Plant 2 in receiving the Outstanding Halal Award 2025 (Honor) from the Central Islamic Council of Thailand. The plant has been granted this award for 3 consecutive years.  Organized by The Islamic Council of Rayong Province and Halal Affairs Department, the “17th Halal Rayong Awards 2025,” was held at the Soi Phet 2 Room, Golden City Rayong Hotel, Rayong Province.

Mr. Dol Rattanarak, Plant Manager – MTP2, attended the ceremony to receive the award from Mr. Prasit Mahamad, Secretary to the Chularajmontri. This award could demonstrate Map Ta Phut Plant 2’s strong commitment to compliance with halal standards in its production process.

AGC Vinythai Public Company Limited, a leading manufacturer of chlor-alkali, PVC and Epichlorohydrin and BIG, a climate technology company, have signed a cooperation agreement to supply low-carbon nitrogen and low-carbon oxygen through a pipeline network in the Map Ta Phut Industrial Estate, Rayong Province. These gases will be used in the sustainable production of Polyvinyl chloride (PVC) and Vinyl Chloride Monomer (VCM). The project is expected to commence within 2025.

This cooperation marks a significant step for both companies in their joint efforts to reduce greenhouse gas emissions. It also showcases the application of BIG’s Climate Technology, utilizing low-carbon industrial gases in the industrial sector to reduce greenhouse gas emissions, a pressing concern across all industries. Furthermore, this partnership underscores the support to Thailand’s target in reducing greenhouse gas by 30 percent from the projected business-as-usual level by 2030 and achieve net zero by 2065. The adoption of low-carbon nitrogen and low-carbon oxygen in the production process will significantly reduce greenhouse gas emissions from AGC Vinythai’s operations.

(Left: Apichart Kijjaroenvisal, Executive Vice President – Special Assignment of AGC Vinythai Plc / Right: Piyabut Charuphen, Managing Director of BIG)

Apichart Kijjaroenvisal, Executive Vice President – Special Assignment of AGC Vinythai Plc, added, “The Sakura projectinvolves the expansion of PVC and VCM production capacity at AGC Vinythai. It is driven by the projected growth of PVC markets in Southeast Asia due to the expansion of industries and infrastructure. The use of low-carbon gases in the production process will make our products more environmentally friendly and meet the demands of customers who prioritize sustainable products.”

Piyabut Charuphen, Managing Director of BIG, stated, “This collaboration reflects the commitment of both companies to building a sustainable future. The supply of low-carbon gases through a pipeline network will reduce greenhouse gas emissions, lower transportation costs, and enhance production efficiency for our customers. This aligns with BIG’s business strategy of ‘Generating a Cleaner Future’, which focuses on providing low-carbon industrial gases to reduce greenhouse gas emissions across industries.”

December 12, 2024 – AGC Vinythai Public Company Limited was honored the 22nd Thai Chamber of Commerce Business Ethics Standard Test Awards 2024. The event, under the concept of “Restoring Trust through Ethics”, was organized by The Thai Chamber of Commerce Anti-Corruption and Ethics Promotion Committee. At this event, Mr. Tomotaka Yoshikawa, Managing Director of AGC Vinythai, attended the ceremony to accept the award from Professor Emeritus Dr. Kasem Wattanachai, Privy Councilor. The Ceremony was held at the University of the Thai Chamber of Commerce, in Bangkok.

Receiving this renowned award reflects AGC Vinythai’ s unwavering commitment to conducting business with integrity, fairness, and transparency as well as emphasizing the responsibility towards the economy, society, and environment continuously in order to drive the organization to the sustainable growth. This success not only reinforces values that the Company adhere to, but also demonstrates the cooperation and commitment of all employees in complying with the Code of Conduct in every step of their work, ultimately leading to the winning of this renowned award.

It is again that AGC Vinythai Plc. was honorably granted Sustainability Disclosure Recognition Award 2024 from Thaipat Institute, a well-known public-interest organization who promotes sustainability and social responsibility to private companies. Mr. Apichart Kijjaroenvisal, Executive Vice President – Special Assignment of AGC Vinythai Plc. had joined the ceremony to receive the award from Mr. Woranat Piantham, Director of Thaipat Institute at the Auditorium of Bangkok Art & Culture centre. AGC Vinythai has been received this award for 6 consecutive years since 2019.

The Sustainability Disclosure Awards 2024 evaluated member organizations that publicly disclosed their sustainability performance to stakeholders. The awards were categorized into three levels for Award, Recognition and Acknowledgement. AGC Vinythai was honored to be one of the 57 organizations receiving the prestigious Recognition award.

AGC Vinythai (AVT) has partnered with Krungthai Bank in an ESG-Linked FX Derivative Hedging Solutions Program, leveraging derivative transactions to enhance foreign exchange hedging and mitigate foreign exchange risks. This program caters to AVT, a company that earns revenue in US dollars, while integrating ESG goals to promote sustainable organizations.

“AVT prioritizes financial management, risk management, and sustainable business approaches. The company has established a Sustainability Management Excellence strategy as an operational framework following international standards. Moreover, the company focuses on business operations that balance social and environmental considerations. Therefore, the company has applied sustainable business approaches to its foreign exchange hedging policy by participating in Krungthai Bank’s ESG-Linked FX Derivative Hedging Solutions Program. This initiative not only ensures effective risk management but also aligns with the company’s policy to continuously reduce greenhouse gases each year, targeting at least a 2.6% reduction by 2030 to promote sustainable growth,” statedJamjuree Sirovetnukul, Director of Finance, Accounting, and Information Technology at AGC Vinythai Public Company Limited.