“The development of our people into the most passionate and experienced industry professionals coupled with our ability to identify and our commitment to invest in cutting-edge packaging technologies continues to differentiate us,” Kevin Sharma, chief executive officer, said yesterday.

TPAC designs and manufactures bespoke rigid plastic packaging solutions across the food, pharmaceutical and homecare industries.

It boasts a track record of more than 30 years in delivering sustainable and innovative packaging solutions to the world’s leading consumer goods companies.

Last year the company increased its net profit nearly 12 per cent to Bt104.2 million. It brought its debt-to-equity ratio down to about 0.2 times through repayment of loans via strong cashflow from perations.

Overseas expansion

The company is looking beyond Thailand to expand its operations.

“We are staying alert to synergistic growth opportunities that will enable us to further serve |our customers internationally”, |he said.

The company has outstanding warrants maturing in this first half of the year.

The Lohia family acquired 60.5 per cent of TPAC last year.