KCE Electronics Public Company Limited (KCE) was established on Nov. 5, 1982 with an initial registered capital of Bt12 million. The Company’s core business is the production and distribution of printed circuit boards (PCBs), under the “KCE” trademark.
The Company listed on the Stock Exchange of Thailand in August 1988, and converted its status from a limited company to a limited public company in December 1992. As of Dec. 30, 2015, the Company’s registered capital was Bt587,426,511, with paid-up capital of Bt574,763,198.
Printed circuit boards are an essential part of a wide range of electronic products. PCBs are the foundation component of electronic circuits, and almost all electronic devices used in everyday life contain one or more of them. The boards have a copper track printed onto them that acts as a pathway for electrical signals. The boards’ main function is to mechanically support electronic components and electrically connect the circuit, and are used instead of the more complicated wiring method.
PCBs consist of two main parts: the base, or substrate, and the conductor. The base is a thin layer of non-conductive board that acts as a platform for the components mounted onto it, while the copper conductor connects the different components on the PCB. The base material is made from epoxy fiberglass, which consists of a woven glass epoxy and a coat of epoxy resin, and can be used with many different types of products due to its good performance amid high humidity, its high temperature resistance, and its rigidity (it doesn’t bend easily). The base is usually made in a green or blue color.
PCBs can be single or double sided, and in cases where the circuit is thick and very complex, a multilayer PCB can be configured depending on the board designer's requirements.
The main types are:
The PCB product that the Company produces is as follow:
The Company and its subsidiaries have factories and office for manufacturing as follows:
|Raw material / Product|
|Thai Laminate Manufacturer Co., Ltd. (Subsidiary)
Located at 70-70/1 Lat Krabang Industrial Estate
Soi Chalongkrung 31, Kwang Lumplatew, Lat Krabang, Bangkok
|KCE Electronics Public Company Limited
Located at 72-72/1-3 Lat Krabang Industrial Estate
Soi Chalongkrung 31, Kwang Lumplatew, Lat Krabang, Bangkok
|K.C.E. International Co., Ltd. (Subsidiary)
Located at 677 Moo 4 Sukhumvit Road
Bangpoo Industrial Estate, Tambol Prangasa
Ampur Muang, Samutprakarn province
|KCE Technology Co., Ltd (Subsidiary)
Located at 117, 118 Moo 1 Hi-Tech Industrial Estate
Asia Road, Banlain, Bang Pa-In, Pranakornsriayutthaya
|Chemtronic Technology (Thailand) Co., Ltd (Subsidiary)
Located at 1/28 Moo 5 Tambol karnharm
Amphur Uthai, Pranakornsriayutthaya
|January||The Company entered a joint venture to establish KCE Taiwan Co., Ltd., with fully paid-up capital of NTD3,000,000. KCE Taiwan is an overseas sourcing representative for raw materials and machinery for the KCE group. The Company holds 49% of the total issued and fully paid-up shares.|
|October||The Group obtained a controlling interest in Chemtronic Technology (Thailand) Co., Ltd. (“Chemtronic”), which is engaged in the business of operating a factory manufacturing ink for printed circuit boards as well as chemical solutions used in the production of PCBs, by acquiring 97.25% of its total issued and fully paid-up ordinary shares. Taking control of Chemtronic has enabled the Group to increase profitability in the production process and to ensure it has access to a sufficient supply of chemicals during times of shortage.|
The Shareholders’ Meeting No. 30/2013 approved the following:
|July||Subsequent to the reorganization, the Board appointed a new Executive Committee, and named Mr. Pitharn Ongkosit to be the President and Chief Executive Officer.|
|November||The Company signed a mutual agreement with the Private Sector Collective Action Coalition Against Corruption|
|December||The Company signed a financial support contract with a financial institution for a facility of Bt4,150 million, which reflects the trust in KCE's financial strength.|
|March||Appointed the Risk Management Committee.|
|April||The Shareholders' Meeting No. 31/2014 approved the following:
|May||Payment of a dividend in respect of the Company's operating results for 2013 at Bt0.50 per share for 549,017,741 shares totaling Bt274,508,871.|
|September||Payment of an interim dividend in respect of the Company’s operating results for the first half of 2014 at Bt0.40 per share for 557,911,031 shares totaling Bt223,164,412.|
|May||Payment of a dividend in respect of the Company's operating results for 2014 at Bt0.70 per share for 568,693,319 shares totaling Bt398,085,323.|
|September||Payment of an interim dividend in respect of the Company’s operating results for the first half of 2015 at Bt0.50 per share for 570,144,941 shares totaling Bt285,072,470.|
|October||The Company attained the CG scoring of “Excellent” for 2015 in the annual surveys of CG of Thai Listed Companies. In addition, the Company is categorized the Top Quartile in the Market Capitalize of greater than Bt10,000 million.|
|November||2015 SET Awards jointly organized by the Stock Exchange of Thailand and the Money and Banking magazine, awarded KCE in 2 categories; the Outstanding CEO Award and the Outstanding Company's Performance Award, under the group of companies with the Market Capitalization of Bt10,000 - 30,000 million.|
KCE Electronics PCL and its subsidiaries conduct the business in manufacturing and distributing of the Printed circuit board (PCB), which is the foundation component of a wide range of the electronic devices. Its key customer base includes those manufacturers of automotive electronic equipments, telecommunication devices, computer network, industrial equipments, medical equipments and consumer products. All production output is wholly exported to many countries worldwide: Europe, United States of America and Asia.
The Group's operational policy is mainly committed to achieving the excellent in manufacturing capability, by initiating various strategies to obtain a better quality product, at a lower cost. The Company continues to seek opportunity to increase profit, by introducing new technologies in production and fully utilize current assets to its utmost benefits, which will be resulted in reaching the maximum efficiency level. Another important policy is the commitment in keeping a long term relationship with its customers by providing the most valuable service- the reputation of quality product, that gain trust from customers ever since. In addition, the Company place an importance on stakeholders and social responsibility by developing "Green technology".
Regarding the management of operations, the Board is responsible for the determination of strategies and key policies. In the early of January 2015, a meeting was organized for CEO and Management, for the purpose of communicating such strategies and setting up the operational objectives (KPI) for the factory as well as for each section of operation. Management of each section then continued to arrange separate meetings to further communicate the strategies and targets down to employee level. During the year, the targets were seriously monitored by comparing actual results with the planned KPI. Managements also regularly reported the operation results to the CEO in the monthly Management meeting. CEO then summarized the operation results for the strategies and reported to the Board in each quarter.