2019 : Gen 2 (Generation 2)
The natural rubber expansion especially the great work of the past 10 years has pushed Sri Trang natural rubber manufacturing and distribution into the No. 1 spot in the worldwide natural rubber industry. Sri Trang has now the size, the economies of scale, depth and the dominance in the mid-stream supply chain and a force to be reckoned with in the natural rubber world for many years to come.
To ensure profitability and sustainability and to continue with our successful “Growth Strategy”, Sri Trang has further integrated and expanded into the downstream rubber finished product. The successful take over and acquisition of “Siam Sempermed Corporation” has given Sri Trang an edge and opportunity of a lifetime to go full steam into the manufacturing of medical gloves. The dream to complete the supply chain from top to bottom has finally come true and everyone in Sri Trang should be extremely proud of this moment and full of joys with our achievement. A sincere thanks to the 1st generation of Sri Trang warriors!
The synergy in securing our own raw material supply such as latex to support and grow our downstream medical glove manufacturing and operation is vitally important. Not only will it guarantee the smooth and no shortage in supply of latex but also guarantee a fair and sustainable profit margin for the group to fuel further expansion.
2nd generation, will take over the glove expansion, which will mirror that of our NR expansion. Glove will continue to grow and expand at least for the next 10 years. Though this time the expansion of glove will be very different from that of NR. Most of new factories and management will be moving towards more and more automations, more AI, sensors, digitalization and smarter factories. Human factor will become less important and robotics and logistics will be taking over eventually. In other words, our labor intensive glove industry will be taken over by smarter automated process and eventually end up in less human and more efficient operation.
It is, therefore, extremely important to understand that the job today may be obsolete and not be relevant in the future as new expectations and challenges arise. We will continue to invest in our human capital in generation 2 in new knowledge, skills and health. Continual to upgrade and innovate the new generation as the demands on their time will grow 100 fold in the coming years.
“Gen 2” scheme for 2019 is timely and top management is totally committed.