Date – September 8, 2010

Chanachai Kulnapruk, Deputy Managing Director of Managing Director’s office of

Kulthorn Kirby Plc (KKC), a SET-listed supplier of air-conditioning and refrigeration parts, expects its revenue to rise by at least 25% to 11 billion baht this year and 15 billion next year thanks to rising global demand and revenue from a new subsidiary in Indonesia.

Chanachai Kulnapruk, Deputy Managing Director of Managing Director’s office of KKC said that this year’s revenue would be around 11 billion Baht, an increase from the earlier forecast of 9 billion Baht, which means the company will grow by 25% from the revenues it recorded during last year.

He said the company expects more revenue from Kulthorn Materials & Controls (KMC) that took over a factory of Sanyo in Indonesia and moved machines of the factory to operate in Thailand. Therefore, the company will have more capacity and after the production process, it will export goods to sell in Indonesia, which has now seen profit.

He said the performance would be better continually as it has managed to attract the customer’s attention and has now built a base which was the reason why it saw its first half revenues reach 4.6 billion baht.

Besides, the company estimated that next year the revenue will increase to 15 billion Baht from its capacity to produce compressors that will add another one million from this year’s capacity of 6 million. This plan needs 450 million Baht to develop the capacity, and it has been started already with a support from the state. The demand on this good is still going well due to hotter weather.