Modernform Group

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 (1992-03-11).

Modernform Group
Public
Traded asSET: MODERN
IndustryConsumer Products
FoundedThailand (April 3, 1980 (1980-04-03))[1]
Headquarters
699 Srinagarindra Road, Phatthanakan, Suan Luang, Bangkok
,
Thailand
Area served
Thailand
Key people
Thaksa Busayapoka (CEO)
ProductsFurnitures
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]
SubsidiariesModernform Tower, Modernform Health and Care, Xteria
Websitewww.modernform.co.th

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.[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 (1992-03-11), 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
  1. 56-1 2011, p. 1.
  2. Annual Report 2011, p. 90.
  3. Annual Report 2011, p. 87.
  4. Annual Report 2011, p. 89.
  5. 56-1 2011, p. 45.
  6. Annual Report 2011.
  7. Modernform Home Decorative Products. "Home". Retrieved 17 May 2012.
  8. "MODERN Company Profile". Stock Exchange of Thailand. Retrieved 24 June 2010.

References
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.