News Update : November 2009
Univanich receives another
Best Performance Award for 2009
At the 2009 SET Awards, held at the Siam Paragon in Bangkok, Univanich received the Stock Exchange of Thailand’s trophy for Best Performance from a company with market Capitalization up to 10 billion Baht.
Mr John Clendon, Managing Director of Univanich Palm Oil PCL accepts
Performance Award from Deputy Finance Minister, Mr Pradit Pataraprasit.
was also one of five finalists for Thailand’s Best CEO of the year award
This is the third occasion in recent years that Univanich has been recognized with the top award. Finalists were selected from almost 500 public companies listed on Thailand’s main board exchange and judging was carried out in three rounds by the TRIS Rating Agency and Stock Exchange Analysts. Performance criteria in the final selection included Return on Investment, Return on Equity, Earnings Growth and Return to Investors over a three year period
In addition to these key performance criteria, in selecting finalists for Thailand’s CEO of the year award, the judges considered the company’s long term strategic planning, human resource development and corporate social responsibility. It was noted that Univanich has played an important leadership role in introducing new technologies in advanced oil palm breeding, environmental protection and renewable energy production. It was also the third time in recent years that John Clendon has been a finalist for the Best CEO Award
News Update : November 2009
Forbes Asia Best under a Billion Awards
Univanich Chairman, Mr Apirag Vanich,
receives the award from Mr Steve Forbes, Editor-in-Chief of Forbes Asia
Univanich Palm Oil PCL has been awarded an place in the prestigious 2009 list of Forbes Asia Best Under a Billion. Out of 12,335 eligible medium sized companies in the Asia Pacific region the Forbes list comprises the top 200 best performers based on profitability, growth, modest indebtedness and analyst opinion on future prospects.
At the 2009 awards dinner in Singapore, Mr Steve Forbes, Editor-in-Chief of Forbes International, commented that in 2009 roughly 600 companies passed the judges’ performance criteria, down from over 1,000 in past years. He noted that this is an indication of how tough a year it has been with unprecedented dislocations in the global economy. Despite this, many medium sized companies have seized new opportunities and he was pleased to welcome these new entrants to the 2009 list of 200 Best Performers.
In accepting the award, Univanich Chairman Mr Apirag Vanich acknowledged that it was indeed an honour for Univanich to be one of just four Thai companies selected to join this internationally recognized group of successful businesses.
News Update : October 2009
Univanich presentations to international conferences
On 11th November Mr John Clendon was invited to present a Univanich paper to the MPOB International Palm Oil Congress in Malaysia. The paper reviewed the results of the company’s three CDM Biogas projects and was co-authored by engineers Somphon Tantitham, Phiphit Khlaisombat and the company’s technical consultants.
On 24th September Mr John Clendon was invited to present a Univanich paper to the Fedepalma International Palm Oil Conference in Colombia, South America. The paper co-authored with Dr Palat Tittinutchanon considered the key factors driving the rapid expansion of oil palm planting in Thailand, including the success of the Univanich breeding programme in providing a new generation of high yielding oil palm seeds, especially suitable for the dryer growing conditions.
News Update : October 2009
Completion of third Univanich Biogas Project
The Topi digester captures methane biogas to reduce
gas emissions from waste water
In October 2009, Univanich completed construction of the company’s third biogas project to be built under the United Nations Clean Development Mechanism (CDM). The huge anaerobic digester contains 60,000 cubic metres of waste water, also referred to palm oil mill effluent (POME). Bacteria within the digester break down the organic content of the POME, and emit methane biogas which is captured under the large balloon cover. By capturing and utilizing the methane the company is achieving a significant reduction in damaging greenhouse gas emissions while also creating a new source of renewable energy.
Three gas engine generators installed at the Topi CDM biogas project
The methane biogas captured in the Topi digester is first cleaned of impurities then used to fuel three specialist gas engines to generate electricity for sale to the Provincial Electricity Authority
Powerhouse at the Topi CDM Biogas Project
The powerhouse containing the three gas engines is connected through transformers to the provincial electricity grid. When the Topi crushing mill is operating at its full capacity of 60 tonnes fruit per hour it is expected that the biogas project will supply up to 2.7 Megawatts of electricity to the grid. This renewable source of energy is replacing electricity previously generated by fossil fuels.
company’s third CDM Biogas Project
Official opening of the company’s Topi Biogas Project
by M.R. Chatu Mongol Sonakul and Mr Apirag Vanich
At the official opening of the Topi project on 26th October 2009, Univanich Chairman Mr Apirag Vanich commented that the company has invested a total of Baht 226.7 million (US$ 6.67 million) to capture and utilize methane at the company’s three palm oil factories. In terms of environmental protection it has been calculated that annual greenhouse gas emissions have been reduced by at least 90,000 tonnes of carbon equivalent. In terms of energy production from this renewable resource the company can now generate 5.7 Megawatts of electricity from six new biogas generators, sufficient to power several thousand households around Krabi Province.
On behalf of the company’s shareholders the Chairman congratulated Managing Director John Clendon and the management team for their early adoption of this innovative technology. He noted that it not only addressed the serious issue of greenhouse gas emissions and climate change, but also improved the company’s efficiency and profitability. He also welcomed the creation of the good employment opportunities for local engineers and technicians employed by Univanich to construct and operate the three new biogas projects.
News Update : August 2009
Expanding Seed Exports
Export Supervisor Ms. Pritsana Kusakoon checks seeds ready for dispatch to Nigeria and Ethiopia
Univanich hybrid oil palm seeds have received official approval from the Indonesian authorities and exports to that market increased significantly. Univanich seeds are now recognized for their superior yield potential and are exported to growers in more than ten countries around the world.
Latest Success in Tissue Culture Laboratory
Thailand’s first oil palm clones produced in the Univanich Laboratory
At the Univanich Oil Palm Research Centre (UOPRC) the company’s Tissue Culturist Jeerawan Saengsawang displays the first clonal plantlets ready for testing in research trials. The Univanich Laboratory was commissioned in 2006 and is currently developing cultures from 40 high yielding palms selected from the company’s breeding programme and progeny testing trials.
News Update : April 2009
UVAN ranked in Thailand’s Top Ten for Shareholders
On 31st March 2009, the Bangkok Post published a ‘Shareholder Scorecard’ which analyzed the performance of more than 450 companies listed on the Stock Exchange of Thailand (SET). The companies were ranked according to Total Shareholder Return (TSR).
TSR is defined as the “annualized total return to shareholders from maintaining their investment in a stock over a given period”. Maintaining the investment means not taking any net cash out and immediately reinvesting any dividends received.
Over the five year period from December 2003 to December 31st 2008, Univanich Palm Oil PCL was ranked in Thailand’s Top Ten performers, in eighth position with an annualized TSR of 26%.
Source : Bangkok Post – Shareholder Scorecard – March 31st 2009
News Update : January 2009
UVAN added to SET 100 Index
The Stock Exchange of Thailand (SET) announced that with effect from 1st January 2009 Univanich Palm Oil PCL (UVAN) will be added to the list of SET 100 INDEX CONSTITUENTS. The SET 100 INDEX is calculated on the stock prices of the top 100 listed companies in terms of market capitalization, liquidity and compliance with guidelines regarding rights of minority shareholders. The SET 100 INDEX is reviewed every six months in order to adjust for any changes that have occurred in the stock market.