As 2024 unfolds, we want to take some time to reflect on the remarkable milestones achieved throughout the past year. From expanding our team to introducing innovative products, each accomplishment represents a step forward for us as a rapidly expanding drilling fluid supplier.

March was a significant month for us as we celebrated the opening of our second office in Indonesia. This expansion not only signifies our growing presence in the South East Asian region but also underscores our dedication to better serving our valued clients. Additionally, Siam Minerals did successfully launch a new product line for the foundry industry. It was a strategic move that broadened our product portfolio for industrial minerals, further solidifying our position as a leading bentonite supplier in the South East Asian market.

The first time after a long break Trenchless Asia was holding a new event in May to bring together those at the forefront of trenchless technique innovations. The Trenchless Asia exhibition was an excellent platform to showcase our latest products and innovations for Pipe Jacking and Direct Pipe operations to an international audience. Our sales manager from Indonesia, Thailand and Singapore connected with industry experts and new clients to stay ahead of the latest trends shaping our industry.

In June, we achieved a significant milestone as our BOREPOL series was supplied for the first time to provide 100% polymer-based support fluids for a bore pile project in Thailand. Building on the success of its introduction in Indonesia the previous year, this accomplishment highlights our success in establishing our polymer BOREPOL series across the Southeast Asian market. Despite being introduced to the global market over six decades ago, contractors still hesitate to purely rely on polymer slurry for stabilization of Bore Piles and Diaphragm Walls. Through extensive research, lab testing, and successful field applications, we have proven that polymer fluids offer various advantages over bentonite support fluids, including improved foundation performance, lower environmental impacts, smaller site footprint, and increased economics.

September marked a pivotal moment as we successfully underwent an audit for bleaching earth, paving the way for its introduction into the oil refinery sector in Thailand.

By December 2023, we had supplied bentonite and polymer support fluids to a total of 180 drilling projects in Thailand, Indonesia, Taiwan, and Singapore. Each project represents a unique opportunity for us to demonstrate our expertise, reliability, and commitment to quality drilling fluid systems and services.