CEO/MD MESSAGE

Dear Shareholders, Business Partners, Strategic Alliances, and Valued Stakeholders,

The year 2025 was a period of considerable challenges for BJC Heavy Industries Public Company Limited amid global economic volatility, geopolitical uncertainties, as well as ongoing changes within the energy and infrastructure industries. Nevertheless, the Company has continued to remain resilient and move forward with determination.

Leveraging its expertise in large-scale steel structure engineering and industrial construction, together with a strong commitment to transparent and sustainable corporate governance, the Company has continued to drive its operations with prudence and responsibility toward long-term value creation for all stakeholders.

The Company continues to receive strong confidence from key customers, including the Santos Project and the Cimtas Project, both of which are long-standing strategic partners with whom the Company has maintained strong and enduring relationships. Such trust reflects the Company’s capabilities in engineering, manufacturing, and project management in line with international standards.

In particular, the Company possesses strong expertise in the fabrication of steel structures, modular assemblies, and equipment for the energy industry, which require high-quality workmanship supported by stringent quality control processes.

Over the past year, the Company has continued to secure additional work from both key customers under these projects, including new project scopes, project extensions, and the assembly of critical modules that require a high degree of engineering precision. The continuity of awarded work has supported the Company in maintaining a stable backlog while enhancing the efficiency of production capacity management at the Company’s fabrication facilities.

In addition, the Company has consistently maintained high standards of operational quality across all stages of its operations, ranging from design, procurement, manufacturing, quality assurance and quality control (QA/QC), to project delivery. These activities are conducted in accordance with internationally recognized standards, including ASME, ISO 9001, ISO 14001, and ISO 45001, which reinforce professionalism throughout the production and project management processes.

Such standards are a key factor that continues to strengthen the confidence of both domestic and international customers in the Company’s capabilities and the quality of its operations. Furthermore, the Company was recognized by the Thailand Sustainability Investment Institute (Thaipat Institute) for its Outstanding Sustainability Disclosure under SDG 12.6, reflecting the Company’s transparency, efficient resource utilization, and commitment to operating in alignment with sustainable development principles and Environmental, Social, and Governance (ESG) practices.

These achievements reflect the Company’s readiness to support international-scale projects, while maintaining strong relationships with existing customers and creating new opportunities in overseas markets. Such efforts represent an important pathway for driving the Company’s sustainable and stable growth in the years ahead.

For 2026, the Company will continue to pursue its business operations with strong commitment, focusing on two key strategic pillars as follows:

1. Expanding the Customer Base into Clean Energy Projects and Future Industries

• Renewable Energy Projects
  The Company aims to focus on projects related to solar energy, wind energy, and biomass energy, which require large-scale structural fabrication and assembly, such as wind turbine tower foundations, structural components supporting power generation systems, and modular assemblies for overseas installation. The renewable energy market continues to demonstrate strong growth, particularly in countries with policies aimed at reducing carbon emissions and accelerating the transition toward cleaner energy sources.
• Hydrogen and Clean Fuel Plants
  In response to the growing momentum of hydrogen as a future energy source, the Company is actively exploring market opportunities in structural fabrication, pressure vessels, storage tanks, and modular fabrication to support the development of green hydrogen production facilities.
• Carbon Capture and Storage (CCS) Industry
  The Company places importance on carbon capture and storage (CCS) projects, which are currently recognized as one of the key technologies in the global energy industry. The Company is in the process of developing technical capabilities to support the fabrication of modular structures, pressure vessels, and skid units used in carbon capture systems and underground injection facilities.

Through these initiatives, the Company aims to diversify its project portfolio, reduce reliance on the oil and gas industry alone, and create new opportunities that will enable the Company to achieve sustainable long-term growth.

2. Strengthening ESG Standards

The Company will further enhance its Environmental, Social, and Governance (ESG) standards across all dimensions. On the environmental aspect, the Company aims to reduce its carbon footprint arising from production processes.

On the social aspect, the Company is committed to enhancing the skills of the local workforce and ensuring occupational health and safety in accordance with international standards. On the governance aspect, the Company will continue to strengthen transparency in information disclosure and implement systematic project risk management.

These efforts aim to build long-term confidence among shareholders, investors, financial institutions, and all stakeholders.

On behalf of the Board of Directors and the Management, I would like to express our sincere appreciation to our shareholders, customers, business partners, and strategic allies for their continued trust and support. We would also like to extend our gratitude to all employees for their dedication and commitment in driving the Company toward sustainable success.

We remain committed to continuously developing and creating sustainable value for the benefit of all stakeholders.

 

Young Jun Lee
Chief Executive Officer
BJC Heavy Industries Public Company Limited