Corporate News

Bangkok – 26 February 2026 – HMC Polymers Company Limited, Thailand’s first and largest manufacturer and distributor of polypropylene (PP) resin and a leading producer in Southeast Asia, has announced its 2026 business direction under the theme “Step Forward Toward a Sustainable Future.” The company aims to drive the development of specialty grades, differentiated grades, and sustainable PP products to serve future-ready innovation industries requiring high-performance materials produced under world-class standards. The strategy is reinforced by three key sustainability pillars: Circularity, Carbon Reduction, and Connectivity.

The company also reported its 2025 performance, achieving total revenue of THB 27 billion, and has set a 2026 revenue target of THB 29 billion.

Mr. Corso Uzielli, President of HMC Polymers, stated that in 2026 the company must accelerate business development to remain competitive amid increasing market competition, volatile energy costs, and mounting environmental pressures requiring significant adaptation within the plastics industry. Key strategies include :

• Accelerating the development of premium-grade PP resin products as well as maximizing the efficiency of world-class Spherizone technology
• Retaining existing customers while expanding into new markets with comprehensive product and service solutions
• Driving Operational Excellence to ensure safe, reliable, and efficient operations
• Enabling sustainable development through Circularity, Carbon Reduction, and strong business ethics
• Remaining agile and adaptable to evolving customer behaviors and maintaining financial discipline, prudent liquidity management, and disciplined cash flow generation

Mr. Pornchai Pichitwutikorn, Senior Vice President – Business Strategy, Innovation, and Commercial, added that although the global economy and petrochemical industry remained relatively stable in 2025, HMC Polymers achieved a 15% increase in PP sales compared to 2024. Contributing factors include :

• A diverse PP product portfolio serving multiple downstream industries, including medical, automotive, and food and beverage packaging sectors, helping mitigate impacts from sector-specific slowdowns
• Strong positive market response to sustainable PP products from both domestic and international customers
• Effective cost optimization measures, including raw material management and production loss reduction through advanced tools
• Shareholder Synergy – For example, collaboration with PTT Global Chemical Public Company Limited (GC) to develop a new product, Bio-Circular PP resin, using upstream feedstock supplied by GC. In addition, technology transfer in production processes from LyondellBasell (LYB), along with joint efforts in new product development, has positioned HMC Polymers as the most diversified premium PP resin producer among companies in which LYB holds shares or has investments.

On the social front, in 2025 PP Reborn, our PP waste management platform expanded its nationwide partnership with Thailand Post Company Limited, increasing PP plastic waste drop points to 121 locations nationwide. In 2026, the company plans to expand collaborations with leading universities such as Chulalongkorn University, Srinakharinwirot University, and Bangkok University to promote proper PP plastic usage among youth. Additionally, in collaboration with Bangkok Metropolitan Administration, the company has launched a pilot project for household waste sorting in Bangkok condominiums under the “No Mixed Waste” policy to establish a sustainable waste management model.

Ms. Angkanee Soonthornsawad, Vice President – Finance, Accounting, and Corporate Support, stated that despite global economic challenges and a stable petrochemical industry environment in 2025, HMC Polymers increased its cash flow more than threefold compared to 2024. In 2026, the company will continue strengthening financial stability through four core strategies:

1. Sustainable Revenue Growth – Focusing on premium PP grades and sustainable PP products differentiated from competitors
2. Cost Management – Enhancing supply chain efficiency from raw material procurement to production, sales, and logistics
3. Working Capital Management – Generating operating cash flow and exercising prudent capital expenditure
4. Capital Structure Management – Following a successful bond issuance in 2025 with strong investor response, the company plans additional bond offerings in 2026, leveraging its leadership as Thailand’s first and largest PP manufacturer with over 43 years of experience

HMC Polymers continues to innovate and develop PP resin products and comprehensive PP solutions to elevate quality and safety standards in response to increasingly complex modern industrial demands, while driving the organization forward under the “Step Forward Toward a Sustainable Future” vision and its three sustainability pillars to achieve strong and sustainable long-term growth.