BJC’s business has grown in 2010 as since the years 2008 - 2009, our management has continuously employed aggressive expansion policies both domestically and regionally in the development of new products, improvements in technology and efficiency of production. This has included the acquisition of two businesses at an opportune time, in cooperation with our global business ally. Owens-lllinois, taking over four glass packaging factories from the Fraser & Neave Group, and acquiring a majority holding in a trading company in Vietnam. These investments totalled over eleven thousand two hundred million baht and resulted in BJC’s 2010 profit growth being the highest since the founding of the company. More importantly, the BJC Group has significantly expanded its glass production and sales network, thereby becoming a genuine leader in the glass packaging industry in Southeast Asia.

However, due to an increase in extent and volatility of the economic situation, all the management and personnel of BJC will face a heavier burden in the coming year, especially since in the first quarter of 2011 we have seen an emerging problem with increasing oil prices. Analysts around the world have begun to talk about an oil price crisis due to the present political disruptions in the Middle East and the possibility of this turmoil spreading to other countries. The price of oil is a significant factor that will contribute to fluctuations in the price indices of almost every product. Moreover, if there should be further political disruptions and natural disasters the situation will be increasingly aggravated and conducting business activities will be much more difficult. Therefore, I would like to urge us to move ahead with caution and be willing to dedicate ourselves to our work with the utmost effort in order to bring about good returns to our shareholders and all other stakeholders.

I would like to thank our customers, suppliers and business alliances, as well as the various organizations that have cooperated and supported the BJC Group and enabled us make steady progress to a successful 129 th anniversary of its foundation. I would like to thank and express my appreciation to all our management and personnel since you have all have played an integral part in the success of the past year. I would like to encourage you all to continue to collectively help in the development of the business of the BJC Group and to look forward to celebrating our 130th anniversary with pride

Charoen Sirivadhanabhakdi
Chairman of the Board of Directors