Sri Trang Gloves signs 2nd MOU with Siam Cement Group to Promote Sustainable Environmental Management

• Latest waste-to-energy MOU follows an earlier waste-to-raw-material MOU signed in August 2022
• Partnership is in line with STGT’s vision of promoting efficient resource management for the benefit of society and the industry
• Collaboration aims to create value out of industrial waste and used materials in a way that maximises their benefits and supports the principles of a circular economy

Singapore, 22 May 2023 – Sri Trang Gloves (Thailand) Public Company Limited (“STGT” or “the Company”), a world-leading glove producer, has entered into a second memorandum of understanding (“MOU”) with leading industrial conglomerate involved in the core businesses of cement and building, materials and chemicals, and packaging, Siam Cement Group (“SCG”) to promote efficient resource management by re-purposing used materials or industrial waste into energy.

The latest MOU was signed with SCG’s wholly-owned subsidiary, The Concrete Products and Aggregate Co., Ltd. (“CPAC”), and comes on the heels of an earlier MOU signed in August 2022 between STGT and Siam Refractory Industry Co., Ltd. (“SRIC”), another of SCG’s wholly-owned subsidiaries. Both CPAC and SRIC operate within SCG’s cement-building materials business segment.

Under the terms of the latest MOU, STGT and CPAC will engage regularly in the sharing of skills, knowledge and experience in managing used materials and industrial waste, as well as conduct studies on the conversion of used materials such as sludge, a waste by-product of wastewater treatment, into alternative fuel in cement production. This waste-to-energy initiative is an expansion of STGT’s waste-to-raw materials collaboration with SRIC, which has seen STGT delivering 557 tons of used glove formers to SRIC for re-purposing into refractory materials since August 2022. This figure is expected to increase sharply to 1,600 tons by the end of the year.

Mr Vitanath Sincharoenkul, STGT’s Corporate Governance and Sustainable Development Committee Chairman, said, "This MOU with CPAC is in line with STGT’s vision of promoting efficient resource management for the benefit of society and the industry. It also affirms the success of our earlier partnership with SCG through SRIC. We are extremely excited about working with CPAC to create value out of industrial waste and used materials in a way that maximises their benefits and supports the principles of a circular economy.”

STGT's broader commitment to sustainable business practices is reflected in its Clean World Clean Gloves brand campaign which features the Company’s production of eco-friendly gloves using 100% renewable energy. The Company’s sustainability efforts have enabled it to reduce its greenhouse gas emissions, a key contributor to global warming. The Company is currently also converting waste materials from bio-fuel production, such as sludge disposal, into eco-friendly soil for agricultural purposes.

Second from left: Ms Umaporn Charoensak, SCI Eco Services Co., Ltd. Waste Circularity Business Director; and third from left, Mr Vitanath Sincharoenkul, STGT’s Corporate Governance and Sustainable Development Committee Chairman