Latex Systems Honored at the Asia Pacific Entrepreneurship Awards 2019

BANGKOK,
THAILAND – Media OutReach –
2 October 2019 – Twenty outstanding Thai entrepreneurs and organizations
were honored at the recently concluded Asia Pacific Entrepreneurship Awards
2019 or APEA, held at Renaissance Bangkok, Ratchaprasong Hotel.

An
initiative by Enterprise Asia, the leading non-governmental organization for
entrepreneurship in Asia, APEA is the largest regional recognition program,
with over 3,000 nominations received each year, and less than one tenth of that
receiving the awards in all 14 markets. With the theme of ‘Promoting Inclusive Economic Development Through Sustainable
Entrepreneurship’, over 300 attendees were present at the by-invitation
only event, comprising of industry leaders and dignitaries.

Leading the
list of winners was Latex Systems who received the award under corporate
excellence category.

About Latex Systems

Established
in 2003, Latex Systems (“LS”) is one of the biggest manufacturers in Thailand
which specializes in manufacturing and distributing mattresses, pillows and
other accessories made from 100% natural latex.

The
Company’s business is divided into two categories, namely, non-branded businesses
and branded businesses. For non-branded businesses, which consists of OEM, B2B,
and B2G, it offers products to wholesalers, operators of bed sheets, department
stores, and furniture stores from countries such as Australia, Canada, China,
Korea, New Zealand, Singapore, and the US. For branded businesses, the company
mainly targets B2B, B2C, institutions, and organizations through agents,
exhibitions and trade shows.

LS’ vision
is to be the international leader of the bedding industry that is produced from
100% natural rubber. The Company strives to achieve this vision by developing
innovative products to meet the needs of customers, utilizing technology to develop
better quality products, increasing production efficiency, and strengthening
and enhancing knowledge and competency amongst its employees.

The Company’s
products are well-recognized by customers from domestic and overseas market.
This is shown from the various accolades received, namely ECO which was issued
and tested by ECO INSTITUT GmbH, this test evaluates rubber content in relations
to synthetic rubber and filler and harmful substances; Thailand Trust Mark, a
symbol of excellence and trusted quality which was established by the
department of trade promotion to add distinctive value to Thai products and
services; as well as Thailand Industrial Standard, a standard issued by
Thailand Industrial Standard Institute on production process, product test and
product safety.

Currently,
LS has two factories and three warehouses. Its factory in Bangna-Trad produces
latex mattress, latex pillows, and latex cushions. In 2018, it produced over
68,640 mattresses, and around 2,071,000 pillows and cushions. Another factory
which is located at Rayong Province produces latex pillows. The factory was
bought in September 2018. As of June 2019, the Company has over 515 employees.

Corporate Culture

With over
450 people, LS has a core mission to conduct business based on ethical and good
governance frameworks as well as transparency and accountability according to
the corporate social responsibility (CSR) guidelines of the Stock Exchange of
Thailand.

For the past
years, LS continuously strives to find opportunities to organize social
activities and actively instill the awareness of CSR among its employees.
Besides, it strictly monitors and controls its operations to ensure compliance
with the regulations issued by the supervisory authorities. Some of LS’
previous CSR activities include supporting the first Good Deeds Activity at
Chachoengsao Panyanukul School; supporting the Elderly Day event in Hom Sin,
Bang Pakong through donations; participating in the project “Happy Community
with Zero Waste”; and providing educational opportunities to students at
“Kalahom Utis School”.

About Asia Pacific Entrepreneurship Awards

Launched
in 2007, the Asia Pacific Entrepreneurship Awards is the region’s most
prestigious awards for outstanding entrepreneurship, continuous innovation and
sustainable leadership. The Award provides a platform for companies and governments
to recognize entrepreneurial excellence, hence spurring greater innovation,
fair business practices and growth in entrepreneurship. As a regional award, it
groups together leading entrepreneurs as a powerful voice for entrepreneurship
and serves as a by-invitation only networking powerhouse. The program has grown
to encompass 14 countries and markets all over Asia. For further information,
visit www.apea.asia.