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 The Company’s Background |
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| Founded in 1996 by Hans Jorgen Nielsen, veteran Danish businessman who has more than 20 years of experience in developing technology involved with material sorting machines, L.V. Technology Public Company Limited (LVT) business operates as an engineering services specializing in the Cement Industry, by designing and applying a new concept for grinding of raw materials and the flow of gas in order to improve production efficiency as well as to reduce the electricity power consumption and
to improve profitability.
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| L.V. Technologies extended its services in 1998 from design engineering only into both providing engineering consultancy and design and manufacture equipments that improve efficiency of machines, enabling the customers to reduce production cost and increase equipment capacity up to 15-30%. The technology that the company has developed has been applied to improve equipments and machines in the cement industry and other related industries involving with material handling. |
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| 1999 |
| As part of its marketing strategies and in a bid to expand further the use of its technologies to customers in other countries outside Asia, the Company formed a strategic partnership with F.L.Smidth, Denmark in 1999. Under the cooperation license marketing agreement, the Company would receive profit sharing from F.L.Smidth and also earn engineering fees for providing engineering services to customers of F.L.Smidth,conversely, F.L.Smidth employs the Company's technology in providing services to its customers directly,then the Company would receive royalty fee in return. |
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| 2000 |
| The Company cooperates also with Ube Co., Ltd to handle marketing in Japan. Through this cooperation, the Company gains similar returns in the form of Engineering Fees and Royalty Fees. |
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| 2001 |
| The Company works together with Bradley Pulverizer Limited, in the USA and Bradley plays the role of intermediary who passes on customers in the North America to the Company |
| In 2001, as a result of the Company’s business growth and growing acceptance from worldwide customers, LVT formed a strategic partnership in India and established L.N.V. Company from which partnership the Company earn returns in the form of License Fees. |
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| 2003 |
| In 2003, the Company co-established L.V. Europe in France to tap into the European market and the operation started in January 2004. The return on this investment is similar to those from LNV. |
| By providing engineering designs and technologies while the partners remain responsible for own marketing , the Company can extend its markets into the USA, to South Asia and Europe in a cost effective way. In addition, the Company has in recent years expanded its market further to other countries such as Canada, Republic of China, South Korea, Iran, and Australia, etc. |
| LVT became a public company on August 4, 2003. |
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| 2004 |
| On July 14, 2004 LVT listed its shares in the Market for Alternative Investment (MAI), with 105,000,000 ordinary shares at a value of Baht 1.00 each, total registered capital was Baht 105,000,000 . |
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| 2005 |
| During the year 2005, the Company has jointly invested with BLVT, in USA, to operate similar business type as LNV and LVE. The purpose of joint investment is to expand the customer bases and markets in this associate’s region like USA, Canada etc |
| In July 2005, LVT at its extraordinary meeting of shareholders approved the increase of its registered capital to 315,000,000 baht from 105,000,000 baht and approved the issuance and offering the warrants to purchase ordinary shares of the company to the existing shareholders who subscribe for the increased ordinary shares. |
| In December 2005, LVT has entered into a Co-operation Agreement with F.L.Smidth A/S of Denmark with respect to product research and development activities for the cement industry. As part of the agreement , F.L.Smidth agreed to acquire approximately 15 % of LVT’s stake. LVT's management structure and composition remain unchanged. |
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| 2006 |
| In March 2006, LVT entered into the People Republic of China by forming strategic partnership with Fu Yang International Co., Ltd. and co-established LV Technology Engineering (Tianjin) Co., Ltd. to provide engineering services to the chinese cement market similar to those of LVT. This company has a registered capital US$ 120,000 of which LVT holds 50% of the interest. |
| The Annual General Meeting of shareholders for the year 2006 held on April 28, 2006 resolved to increase the Company’s registered capital from 315,000,000 Baht to 325,500,000 Baht. 10,500,000 newly issued ordinary shares will be offered for sale to the Company’s directors, managements, and employees in accordance with the Employee Stock Option Program (ESOP) at par value of 1 Baht each . |
| The Board of Directors’ meeting No.3/2006 held on May 15, 2006 resolved for the Company to proceed to increase share capital in LV Europe S/A from 40,000 Euro to 280,000 Euro. As a result of this capital increase the Company shareholding interest in LV Europe was increased from 48 % to 92%. |
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