United Paper Public Company Limited, or UTP, a producer and distributor of kraft paper for the packaging and container industry, is signalling that its fourth-quarter 2026 operating results will recover on the back of economic activity and the late-year festive season, after the third quarter of 2026 is expected to be flat due to seasonal factors, particularly the rainy season when demand for paper boxes and packaging slows. Mr. Vachara Chinsetthawong, Chief Executive Officer and Managing Director, told the Stock Vision news team that UTP's plant currently has production capacity of about 260,000 tonnes per year and is running at close to full capacity. The company is therefore focusing on improving the efficiency of its existing machinery rather than investing in large new machines, with the work expected to be completed in 2027 and to add roughly 10 to 20 percent to capacity, lifting total capacity to about 300,000 tonnes per year to serve rising demand for packaging paper, especially from e-commerce and consumer goods. On raw material management, the company uses about 60 percent domestic raw materials and imports about 40 percent, with the main import sources being Europe and the United States. It also manages the timing of imports in line with global market prices and considers alternative raw materials with suitable costs to cope with price volatility and uncertainty from geopolitical situations. At the same time, the company is emphasising Product Mix management by increasing the share of value-added products, or High Value Products, such as paper for box surfaces, to support sales growth in line with its targets.
United Paper Public Company LimitedUTP expects Q4 2026 recovery and is ramping capacity to ~300,000 tonnes by 2027 to serve rising packaging-paper demand, especially from e-commerce and consumer goods.
