Thailand’s top 10 companies by revenue in 2023 include PTT PCL, CP All, Indorama Ventures, Charoen Pokphand Foods, Siam Cement, Thai Oil, PTT Exploration and Production, Thai Beverage, Advanced Info Service (AIS), and Kasikornbank. These companies operate in various industries such as energy, retail, chemicals, food and beverage, materials, telecommunications, and banking, contributing to Thailand’s economic growth.
1. PTT PCL
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $93210 Millions
Stock symbol: PTT-R.BK
PTT PCL is a Thai multinational conglomerate with its headquarters in Bangkok, Thailand. It was founded in 1978 and operates in multiple countries, including Thailand, Myanmar, Laos, Cambodia, and Vietnam. PTT PCL is primarily engaged in the exploration, production, refining, and distribution of petroleum and petrochemical products. It also offers various services such as energy trading, power generation, and natural gas distribution. PTT PCL is known for its brands such as PTT, Cafe Amazon, and PTTOR.
2. CP All
Industry: retail
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $22630 Millions
Stock symbol: CPALL.BK
CP All is a company headquartered in Bangkok, Thailand, founded in 1988. It operates in multiple countries, with a presence in over 10 countries worldwide. The company’s main activities include operating convenience stores, providing various products and services such as groceries, snacks, beverages, and household items. CP All is also associated with popular brands like 7-Eleven, making it a prominent player in the retail industry.
3. Indorama Ventures
Industry: chemicals
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $18400 Millions
Stock symbol: I93A.F
Indorama Ventures is headquartered in Bangkok, Thailand and was founded in 1994. It operates in more than 30 countries worldwide. The company is primarily engaged in the production and distribution of petrochemicals, fibers, and packaging materials. Some of its well-known brands include Trevira, PHP Fibers, and Wellman International.
4. Charoen Pokphand Foods
Industry: food and beverage
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $16980 Millions
Stock symbol: CPF.BK
Charoen Pokphand Foods Home Page
Charoen Pokphand Foods is headquartered in Bangkok, Thailand and was founded in 1978. It operates in multiple countries, with a presence in over 20 countries worldwide. The company is primarily engaged in the production and distribution of animal feed, livestock farming, and food processing. They offer a wide range of products and services including poultry, pork, seafood, and ready-to-eat meals. Charoen Pokphand Foods is also known for its popular brands such as CP, CP Freshmart, and CP Meiji.
5. Siam Cement
Industry: materials
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $16960 Millions
Stock symbol: SCC.BK
Siam Cement, founded in 1913, is headquartered in Bangkok, Thailand. It operates in multiple countries, with a presence in over 20 countries worldwide. The company is primarily engaged in the production and distribution of cement, building materials, chemicals, and packaging products. It also offers various services related to construction and industrial solutions. Siam Cement is known for its well-established brands such as SCG Cement, SCG Chemicals, and SCG Packaging.
6. Thai Oil
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $13940 Millions
Stock symbol: TOP.BK
Thai Oil is headquartered in Bangkok, Thailand and was founded in 1961. It operates primarily in Thailand but also has operations in other countries. The company is engaged in the refining and distribution of petroleum products, including gasoline, diesel, and jet fuel. Thai Oil also offers various services such as oil storage and transportation. While it does not have any specific brands, it is a major player in the energy industry in Thailand.
7. PTT Exploration and Production
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $8640 Millions
Stock symbol: PTTEP.BK
PTT Exploration and Production Home Page
PTT Exploration and Production, founded in 1985, is headquartered in Bangkok, Thailand. It operates in multiple countries, with a presence in over 10 countries worldwide. The company’s main activities revolve around the exploration and production of oil and gas resources. They offer a wide range of products and services related to the energy sector, including drilling, refining, and distribution. PTT Exploration and Production is known for its commitment to sustainable practices and is recognized as a leading player in the industry.
8. Thai Beverage
Industry: beverage
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $8150 Millions
Stock symbol: TBVPF
Thai Beverage is headquartered in Bangkok, Thailand and was founded in 2003. It operates in multiple countries, including Thailand, Vietnam, Myanmar, and Cambodia. The company is primarily engaged in the production and distribution of alcoholic and non-alcoholic beverages. Some of its well-known brands include Chang Beer, Mekhong, and SangSom.
9. Advanced Info Service (AIS)
Industry: telecommunications
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $5380 Millions
Stock symbol: ADVANC.BK
Advanced Info Service (AIS) Home Page
Advanced Info Service (AIS) is a telecommunications company headquartered in Bangkok, Thailand. It was founded in 1986 and operates primarily in Thailand, but also has operations in other countries. AIS provides a wide range of telecommunications services including mobile, fixed-line, and internet services. They offer various products and services such as mobile phone plans, broadband internet, and digital TV. AIS is known for its strong brand presence and is one of the leading telecommunications companies in Thailand.
10. Kasikornbank
Industry: banking
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $4760 Millions
Stock symbol: KBANK.BK
Kasikornbank, headquartered in Bangkok, Thailand, was founded in 1945. It operates primarily in Thailand but also has operations in other countries. The bank offers a wide range of financial services including retail banking, corporate banking, investment banking, and asset management. It is known for its diverse portfolio of products and services, catering to both individual and business customers.
More: The Economic System of Thailand: An Analysis
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