Applied DB Public Company Limited Approves Establishment of New Subsidiary ADB BIO Co.,Ltd
August 09, 2021 at 07:09 am
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Applied DB Public Company Limited at its board meeting No.5/2021 held on August 9, 2021 resolved to approve the establishment of new subsidiary with the following details: Company name: ADB BIO Co.,Ltd. The established date: Within August 2021. Address of the subsidiary: 252 Moo 4, Sukhumvit Road, Prakasa, Muang, Samutprakarn 10280. Type of Business: manufacturer and distributor of bio products. Registered Capital: THB 1,000,000 divided into 10,000 ordinary shares, with the par value of THB 100 each. Establishment Objectives: provide biodegradable raw materials and semi finished products that can replace traditional plastic to support the development, production and distribution of bio products. Shareholding Structure: 99.97% held by Applied DB Public Company Limited. Source of Fund: the company's working capital. Board of director's opinion: the board of directors approved the investment in a new subsidiary company as it will benefit the company in the long term.
Applied DB Public Company Limited is a Thailand-based company. The Company is a manufacturer and distributor of plastic compound products, adhesive and sealant products, as well as do-it-yourself (DIY) products. The Companyâs plastic compound products include polyvinyl chloride (PVC), such as soft PVC compounds, rigid PVC compounds, and pharmaceutical grade PVC compounds. Its adhesive products include Contact Adhesive, Graft Adhesive, Pu Adhesive, Vinyl Adhesive, Epoxy Adhesive, Primer, Thinner and Hardener. Its sealant products include Acetic Silicone Sealant, Neutral Silicone Sealant, Acrylic Sealant, Super Nail Construction Sealant, Water based Construction Adhesive, PU Sealant and Topzill. Its DIY products include epoxy adhesive, gasket replacement adhesive, liquid gasket adhesive, super glue, and sealants for household applications. Its DIY is a material used to seal the joints. The Companyâs products are used across household and industrial applications.