Modernform Group Explained

Modernform Group
Type:Public
Foundation:Thailand
Location City:699 Srinagarindra Road, Phatthanakan, Suan Luang, Bangkok
Location Country:Thailand
Area Served:Thailand
Key People:Kitipat Nerngchamnong (CEO & President)
Industry:Consumer Products
Products:Furnitures
Revenue: BT฿ 2,991.78 Million (2011)
Operating Income: BT฿ 503.66 Million (2011)
Net Income: BT฿ 384.19 Million (2011)
Assets: BT฿ 3,159.30 Million (2011)
Equity: BT฿ 2,336.81 Million (2011)
Num Employees:2,435 (2011)
Subsid:Modernform Tower, Modernform Health and Care, Xteria

Modernform Group Public Company Limited (MODERN) is the manufacturer and distributor of home and office furniture based in Thailand. It is listed on the Stock Exchange of Thailand on .

History

In 1978, Modernform Home Decorative Products was established as the first company of Modernform Group to import and distribute furniture fittings and accessories from Europe.[1]

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, 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.[2]

References

Notes and References

  1. Web site: Home. 17 May 2012. Modernform Home Decorative Products.
  2. Web site: MODERN Company Profile. Stock Exchange of Thailand. 24 June 2010.