Automotive components manufacturing firm Ingress Industrial (Thailand) Plc has signed an agreement with a South Korea firm to distribute robots for use in manufacturing automobiles in plants in Thailand and other Asian countries including India, Malaysia and Indonesia.
The move is expected to boost sales growth at Ingress by up to 10 per cent in this year compared to 2018, the company’s chief executive officer Hamidi Bin Maulod said recently.
The company is reporting 2018 year-end total revenue at Bt3.19 billion, with Bt76.3 million in net profit. Up to 49 per cent of its total revenue came from its Malaysian subsidiary, the next 38.4 per cent from its business in Thailand, followed by 6.6 per cent from India and the remainder from Indonesia.
The company’s board of directors also approved a dividend of Bt0.052 per share, worth a total Bt75.2 million. An interim dividend of Bt0.026 per share was paid on January 11, 2019, with the remaining Bt0.026 per share to be paid on June 6, 2019, he said.