Parts of this article (those related to financial information) need to be updated. (June 2023) |
Modernform Group Public Company Limited (MODERN) is the manufacturer and distributor of home and office furniture based in Thailand.[6] It is listed on the Stock Exchange of Thailand on March 11, 1992.
 | |
| Company type | Public |
|---|---|
| SET: MODERN | |
| Industry | Consumer Products |
| Founded | Thailand (April 3, 1980)[1] |
| Headquarters | , Thailand |
Area served | Thailand |
Key people | Kitipat Nerngchamnong (CEO & President) |
| Products | Furnitures |
| Revenue |  BT฿ 2,991.78 Million (2011)[2] |
| BT฿ 503.66 Million (2011)[2] | |
| BT฿ 384.19 Million (2011)[2] | |
| Total assets | BT฿ 3,159.30 Million (2011)[3] |
| Total equity | BT฿ 2,336.81 Million (2011)[4] |
Number of employees | 2,435 (2011) [5] |
| Subsidiaries | Modernform Tower, Modernform Health and Care, Xteria |
| Website | www |
History
editIn 1978, Modernform Home Decorative Products was established as the first company of Modernform Group to import and distribute furniture fittings and accessories from Europe.[7]
On 3 April 1980, Modernform Group was established as Modernform Furniture to manufacture and distribute office furniture under brand Modernform Workplace.
In 1980, Modernform started manufacturing and marketing office furniture, and subsequently expanded its business scope to cover residential furniture and kitchen units under brands Modernform Exclusive Living and Modernform Kitchen respectively.
By 1990, Modernform Group consisted of altogether nine business units, which then were restructured and consolidated as one flagship company, Modernform Group.
On March 11, 1992, Modernform became a listed company the Stock Exchange of Thailand with 892 million Baht of authorized capital and 832.35 million Baht of registered capital.[8]
Notes
edit- ^ 56-1 2011, p. 1.
- ^ a b c Annual Report 2011, p. 90.
- ^ Annual Report 2011, p. 87.
- ^ Annual Report 2011, p. 89.
- ^ 56-1 2011, p. 45.
- ^ Annual Report 2011.
- ^ Modernform Home Decorative Products. "Home". Retrieved 17 May 2012.
- ^ "MODERN Company Profile". Stock Exchange of Thailand. Retrieved 24 June 2010.
References
edit- Modernform Group (2012). 2011 Annual Report (PDF). Retrieved 16 May 2012.
- Modernform Group (2012). 2011 Form 56-1 (in Thai). Retrieved 16 May 2012.
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