Polynet Public Company Limited, or POLY, a manufacturer of automotive industrial parts, consumer products, and medical instruments, disclosed that it expects its business in the second half of 2026 to improve on the first half, while maintaining its full-year revenue growth target of 10% compared with 2025, when revenue was about 1.2 billion baht, after generating 628.06 million baht in revenue in the first half of this year. Chief Executive Officer Kanchana Laorattana said the automotive business group, which accounts for about 60% of total revenue, continues to receive orders from Toyota, and the company is in the process of adjusting selling prices to reflect higher costs, with completion expected in the third quarter of 2026. The consumer products group accounts for about 20%, and the medical instruments and equipment group another 20%. Most recently, the company established Polynet Electric and Solutions Company Limited, wholly owned at 100%, to expand into the electrical, electronics, and power transmission system businesses as a new revenue source, or new S-Curve, building on its existing rubber, plastic, and silicone parts business.
Polynet PCLPOLY reaffirms 10% full-year 2026 revenue growth target and expects H2 2026 to improve on H1.
Toyota Motor Corp.