Dr. Thanong Bidaya
Chairman of the Board of Directors
In 2020, for the whole year, we faced the challenges of the Covid-19 pandemic. While Thailand did a good job of controlling the situation to a certain extent and remedial measures were put forth by the government throughout the year in its efforts to limit the overall damage to the nation, the situation remained extremly challenging for the economic sector, the tourism industry, and even small and medium-sized enterprises (SMEs).
For TTW, our stable business structure and systems, as well as the strict implementation of Business Continuity Planning (BCP) and stringent preventative measures, have enabled us to continue to supply suitable quality tap water to water users in all sectors. In particular, risk was mitigated by increasing our reserves of raw materials and necessary spare parts for the tap water production process in order to ensure continuous operations. As a result, performance for the past year has been satisfactory.
On the financial side, the Company has put aside cash reserves in order to reduce risk from emergency situations or lack of liquidity and has taken steps to reduce any unnecessary costs and expenses. The Company has also decreased its energy consumption in production processes and in every office building while also increasing the proportion of electricity used from alternative energy sources, such as solar rooftop systems. The result of this has been the Company’s readiness for a complete transition into the Low-carbon Economy age in the very near future. Additionally, due to the commitment and determination of the Board of Directors, executive management, and employees from all sectors of the Company, TTW has continued to gain the confidence of both regulators and various institutions as in every previous year.
In this new year of 2021, we look forward to another challenging twelve months for TTW, due to both the impacts of the Covid-19 pandemic and the fragile, unexpected, and fluctuating political and social factors all around us. However, with the amazing potentiality, determination, and dedication of our Company in operating our business according to our stated mission to “grow on a firm, continuous and sustainable basis in order to accomplish our vision through the balance of customers, employees, business partners, shareholders, communities and environments,” I am confident that 2021 will be will be yet another year of steady, sustainable forward progress.
On behalf of the Board of Directors, management and employees of TTW Public Company (Limited), I would like to thank our shareholders, business partners, affiliates, communities, and supporters in all sectors for your trust and support of the company’s operations at all times. In closing, we wish you protection from the spread of Covid-19 so that you, your families, and the nation as a whole can continue to move forward together.