Chemiman Targets 1 Billion Baht Profit, Eyes Top-5 Global Lime Producer

Chemiman announced its ambition to become one of the world's top five lime producers, with the company entering what it calls a "Big Jump" growth phase targeting net profit of over 1 billion baht within five years. Chatrchutha Chantrathat, chairman of Chemiman Public Company Limited, shared the vision at a business dinner in Chiang Mai, noting that the company's acquisition of Lime Master in July, combined with other investment plans, positions it to strengthen operations across the Indo-Pacific region and pursue global leadership in lime production. Over the next one to three years, the company plans aggressive international expansion, with India investment expected to show clear progress within six to twelve months and Indonesia factory construction anticipated to begin in the second quarter of 2027. The company aims for EBITDA exceeding 1.4 billion baht in 2024 and annual net profit exceeding 1 billion baht within five years, while maintaining gross margins above 30%. In the first half of 2025, the company achieved growth in both gross and net profit despite market headwinds, and remains confident of setting its third consecutive record-breaking year. Recent initiatives include deploying solar energy, expanding its electric vehicle fleet to 82 trucks—representing over 90% of transport needs—by year-end, and investing in AI technology for tax incentives and long-term cost reduction. Chemiman currently ranks first in the Indo-Pacific region and tenth globally in lime production, with mining concessions in Thailand and Vietnam, over 150 million tonnes of mineral reserves, combined production capacity exceeding 1.4 million tonnes, and more than 300 customers across 30 countries. The company remains committed to sustainable growth, efficient cost management through technology, financial stability, and consistent dividend returns for investors.