Nature of Business

Kang Yong Electric Public Company Limited (“KYE” or “the Company”) was established in 1964 with a former name “Kang Yong Electric Manufacturing Company Limited” under a Thai-Japanese joint venture between Phodhivorakhun family group and Mitsubishi Electric Corporation, Japan, in order to manufacture and distribute home electrical appliances under “Mitsubishi Electric” trademark.
Presently, the Company’s office and factory are located on an area of 73 rai 2 ngan 23 square wah, at address No. 67 Moo 11, Debaratna Road Km. 20, T. Bangchalong, A. Bangplee, Samutprakan 10540. The Company is a manufacturer and distributor of home electrical appliances such as refrigerators, electric fans, ventilating fans, water pumps and jet towels (hand dryer) under the license and production technology provided by its joint venture partner, Mitsubishi Electric Corporation, Japan.
In 1993, the Company was approved to be listed on the Stock Exchange of Thailand (SET) and transformed into a public limited company in the name “Kang Yong Electric Public Company Limited,” with stock symbol “KYE.” It has a registered and paid-up capital of 220 million baht divided into 22 million ordinary shares with a par value of 10 baht per share. In the year 2019, the Company reduced the paid-up registered capital to 198 million baht, with a total of 19.8 million ordinary shares, a par value of 10 baht per share.

Shareholding Structure

Presently, the Company’s shares are divided into 3 main shareholders which are; 1. Mitsubishi Electric Corporation 45.72% 2. Phodhivorakhun family group 25.87% and 3. Other shareholders 28.41%. The major shareholder is Mitsubishi Electric Corporation with a 45.72% shareholding (data as of 31 March 2020).
The Company earns standard guarantee for quality management ISO9001, environment management ISO14001 and energy management ISO 50001 for Fan product, Ventilating fan, Water pump and Refrigerators. KYE also earns standard guarantee for to ensure product quality and environmental responsibility to customers.
The company concerns the maximum utilization safety for all consumers by applying ‘Premium safety’ which signifies Mitsubishi Electric’s exclusive premium standard to all our products. All parts and materials are carefully selected for the products, including nonflammable material, safety concerned material. Moreover, the company continuously practices environmental responsibility activities in our production procedures such as decreasing 10 hazardous substances which are PB, HG, CD, CR(VI), PBB, PBDE, DEHP, BBP, DBP and DIBP to the environment under RoHS standard (Restriction of the use of contain hazardous substances in electrical and electronic equipment) in our home electric compliances.
The Company manufactures and distributes home electrical appliances such as refrigerators, electric fans, ventilating fans and water pumps under the trademark ‘Mitsubishi Electric’ for both domestic and export markets.
Domestic market: The Company distributes its products through Mitsubishi Electric Kang Yong Wattana Co., Ltd., its sole distributor, which has dealers of its own across the country.
Export market: The Company enhanced sustainable growth on the global market as a strategy toward firm market and sale distributors internationally in more than 20 countries such as Japan, Hong Kong, Taiwan, Oceania (Australia and New Zealand), SEA (Singapore, Malaysia and neighborhood countries), Central Asia and Middle East countries.

KYE is committed to supporting the products and services that are good for health and quality of life and contribute to the relization of a lively society and environment under the slogan: “One KYE for Our Customers.”

The Company is steadfast in developing its organization by upholding a three-pillar operational philosophy to respond to all consumer needs in respect of modern technology, quality control, safety and environmental friendliness by:
1) Enhance strategies to achieve both sustainable growth and profitability in the global market.
2) Building stable management system that promptly responds to changes in the market and environment.
3) Implement top priority to Safety first, Health first, Quality first as well as compliance with the law and the code of conducts thoroughly.

Kang Yong Electric Public Company Limited (“KYE” or “the Company”) was established on January 12, 1964 by Mr. Sitthiphol Phodhivorakhun with a start-up registered capital 10 million baht in the name “Kang Yong Electric Manufacturing Company Limited”. It is a Thai-Japanese joint venture between Phodhivorakhun family group and Mitsubishi Electric Corporation, Japan, to engage in manufacturing and distribution of home electrical appliances under “Mitsubishi Electric” trademark. In 1993, the Company was approved to be listed on the Stock Exchange of Thailand (SET) and transformed into a public limited company in the name “Kang Yong Electric Public Company Limited,” with stock symbol “KYE.” With a paid-up registered capital of 198 million baht, a total of 19.8 million ordinary shares with a par value of 10 baht per share.

Presently, the Company’s office and factory are located on an area of 73 rai 2 ngan 23 square wah, at address No. 67 Moo 11, Debaratna Road Km. 20, T. Bangchalong, A. Bangplee, Samutprakan 10540. The Company is a manufacturer and distributor of home electrical appliances such as refrigerators, electric fans, ventilating fans and water pumps under the license and production technology provided by its joint venture partner, Mitsubishi Electric Corporation, Japan.