Business Overview

J.R.W. Utility Public Company Limited was founded on 2 November 1993 with initial registered capital of THB 1,000,000 to conduct business related to telecommunication. In the beginning, the Company’s major work was subcontracting for the construction of transmission line systems, transmission towers, and renovating stations to install telecommunication equipment.

Later in 2008, the Company deviated its business structure from labor-intensive, which involved communication networking, such as subcontracting for installation of towers and cables, design and procurement, installation, commissioning, and consulting telecommunication networking and information technology (total solution)—for example, designing and procuring equipment for main switching center, contracts on switching center equipment installation, subcontracting IP Broadband equipment installation, subcontracting signaling equipment installation related to 3G and 4G systems, mobile network, and Wi-Fi network, as well as software systems related to telecommunication systems, information technology, and other communication systems.

In 2014, the Company saw an opportunity and demand in designing and installing other systems in addition to the telecommunication systems and information technology.

To become a system integrator in various businesses, the Company has started the electrical system contractor business and started with a contractor service for the 115kV substation equipment for the Future Park Rangsit shopping center project. After that, the Company continuously received more electrical contractor projects, including the construction of substations. The first project was a construction project of a 115kV substation in Hi-Tech Industrial Estate, Bang Pa-in, Ayutthaya Province. In addition, the Company also undertakes the construction of high-voltage transmission lines to connect to the Electricity Generating Authority (EGAT) and many other Industrial Users (IU) customers.

The Company’s main businesses are contracting for system installation, which is complex and dangerous, especially power systems. To ensure the operation will be without interruption, the Company has implemented working standards for safety. In 2018, the Company was certified by OHSAS 18001:2007 Health and Safety Management System from United Registrar of Systems (Thailand) or URS, which is certified by Accreditation Body: United Kingdom Accreditation Service (UKAS), England, to reduce risks in occupational health and safety, to have an appropriate controlling system, and security in the workplace. However, the certification of OHSAS 18001:2007 is valid until 11 March 2021, and Company will apply for ISO 45001:2018 instead, as the International Organization for Standardization agreed that both standards are similar and that ISO standard will identify a framework that leverages employee safety. At present, the Company is certified by ISO 45001:2018 on 9 April 2020.

The Company has gradually increased its registered capital to use as working capital and in business expansion throughout the past years. As of 1 April 2020, the Company’s registered capital was THB 380 million at the par value of THB 1.00 each. Registered and paid-up capital was THB 280 million.

Major History

1993

2536

  • The Company was incorporated under the name “J.R.W. Utility Company Limited” on 2 November 1993 with registered capital of THB 1 million, dividing into 10,000 ordinary shares at the par value of THB 100 each.
  • The Company main work included subcontracting work in the construction of transmission line system, fiber cable, copper cable, transmission tower, the Outside Plant (OSP) network, and the station improvement for the telecommunication equipment installation (site preparation).

2007

2550

  • The Company increased registered capital and paid-up capital from THB 75 million to THB 108 million by issuing new 330,000 shares, at the par value of THB 100 to be used as working capital.
  • The Company entered into a joint investment to establish JRW Network Solution Co., Ltd. to conduct business on designing and installation of telecommunication system with THB 20 million registered capital, dividing into 2,000,000 ordinary shares at a par value of THB 10. Company holds 600,000 shares or 30% of the registered and paid-up capital.
  • The Company was appointed as Nokia Siemens Networks Oy’s dealer of switching center equipment in Thailand.

2008

2551

  • The Company converted its business from the tower and cable installation and cabling contractor as a major business to labor-intensive, starting with contracts on designing and procurement of comprehensive telecommunication systems.
  • Increased registered capital and paid-up capital from THB 108 million to THB 159 million by issuing 510,000 shares, at the par value of THB 100 to be used as working capital and purchase land Lamlukka, Pathum Thani province. The Company planned to build a warehouse on the ground to support business expansion.
  • End of the dealership with Nokia Siemens Networks Oy

2009

2009

  • The Company disposed of all investments in JRW Network Solutions Co., Ltd to shareholders of JRW Network Solutions Co., Ltd. Some of the telecommunication network experts are transferred to the Company.
  • After changing the par value from THB 100 to 1, the Company’s registered capital and paid-up capital was THB 159 million, divided into 159,000,000 ordinary shares.
  • The Company converted its status from a limited company to a public company limited.

2009-2013

2552-2556

  • The Company undertook works on design, procurement, installation, testing, and consulting to implement a total solution telecommunication system. The majority of the clients were TOT PCL. and CAT Telecom PCL.

2014

2557

  • The Company started a business on an electrical system installation contract. The first work was a 115kV-substation installation project for Future Park Rangsit Department Store.

2015

2558

  • The Company undertook a contract on dismantling and reinstalling TOT, True, and Royal Thai Air Force cable, as well as a counterparty contract with TOT along Green Line, between Sapanmai-Khu Kot
  • The Company signed a contract for OLT&MSAN equipment installation under the project to dismantling copper cable and fiber optic cable along Dark Green Line.

2016

2559

  • The Company undertook work for 115kV gas-insulated substation construction in Hi-Tech Industrial Estate, Bang Pa-in, Ayutthaya.
  • The Company undertook construction and installing a high-voltage 115 kV transmission line, connecting to the Electricity Generating Authority of Thailand. Another work was constructing and installing a high-voltage 22kV and 115 kV transmission line under the contract with two clients.
  • The Company undertook work on Feeder Remote Terminal Unit (FRTU) system installation.

2017

2560

  • The Company signed contracts on dismantling telecommunication systems in Pink Line and Yellow Line projects.
  • The Company undertook to design on replacing overhead power line with underground power line along the Pink Line and Yellow Line.
  • The Company signed another six additional contracts.

2018

2561

  • The Company obtained OHSAS 18001:2007 certification on Health and Safety Management System from United Registrar of Systems (Thailand) or URS accredited by the United Kingdom Accreditation Service (UKAS).
  • The Company decreased its registered capital from THB 212 million to THB 159 million and eventually increased its registered capital from THB 159 million to THB 180 million to use as working capital.
  • The Company undertook work on additional dismantling telecommunication lines in the Orange Line project, with the value of THB 106.16 million.
  • The Company signed another six additional contracts on high-voltage transmission line installation, with a total value of THB 60.78 million

2019

2562

  • The Company signed a contract on replacing overhead power lines with underground power lines along the Yellow Line.
  • The Company undertook the construction of 500kV power substations under two contracts at Sriracha and Pluak Daeng district, Chonburi.

2020

2563

  • The Company obtained ISO 45001: 2018 certification from the International Organization for Standardization on 9 April 2020. The ISO standard additionally determines a framework that enhances the safety of employees.
  • The Company signed a contract on replacing overhead power lines with underground power lines along the Pink Line.
  • The resolution of the Annual General Meeting of Shareholders 2020, held on 17 March 2020, approved the Company’s capital increase by THB 200 million from THB 180 million, totaling THB 380 million, by issuing new 200 ordinary shares, at the par value of THB 1. Appropriation details are as follows:o          Total 100 ordinary shares for capital increase offered to exist shareholders with appropriated proportion. As a result, Company’s paid-up capital is THB 280 million.

    o          The Company issued 92 million ordinary shares for a capital increase in a public offering.