PMC Label Materials Public Company Limited, or PMC, is moving to increase the share of high-margin products to 40 percent this year, up from the current 35 percent, to benefit from the eco-friendly packaging trend and demand for sustainable products overseas. Chief Technical Officer Surapong Laosuthi said the company divides its product portfolio into standard and specialty groups. The specialty group, which consists of high-margin products, currently accounts for 35 percent of revenue, with a target to reach 40 percent this year. This group covers materials for cold storage, graphic arts, and fully recyclable sustainable products, where there are few manufacturers in the market, giving the company a competitive advantage. The company also plans to launch new products in the second half of the year, including films containing 10 to 30 percent recycled content and the development of thinner materials to reduce greenhouse gas emissions from transportation. It is confident that revenue this year will achieve double-digit growth as targeted.
PMC LABEL MATERIALS PUBLIC COMPANY LIMITEDCompany is shifting to high-margin specialty products to ride eco-friendly packaging trend and sustainable product demand overseas.