Diversification gives added momentum to Thai Eastern Group’s growth | Business Story EP.32
Thai Eastern Group Holdings Public Company Limited is the largest company in the Eastern region that makes and sells natural rubber and petroleum palm oil. It is also one of the largest producers of integrated bio-energy and renewable energy in the Eastern Economic Corridor.
Thai Eastern Group Holdings Public Company Limited is the largest company in the Eastern region that makes and sells natural rubber and petroleum palm oil. It is also one of the largest producers of integrated bio-energy and renewable energy in the Eastern Economic Corridor.
Sineenuch Kokanutaporn, managing director of the company, said that the rubber and palm oil industries were picking up speed. The industry continues to grow despite the volatility of rubber and palm oil price movements.
Sineenuch Kokanutaporn
Managing Director, Thai Eastern Group Holdings (TEGH) PCL
In the future, electric vehicles (EV) will be seen as the new standard in the auto business, she said. The group expects an increase in demand for the company's premium natural rubber products. Additionally, the group has diversified into the renewable energy and organic waste management industries to reduce the risk of seasonal fluctuations and reliance on agricultural product profits.
The group’s products have been certified by Carbon Footprint Organisation as low-carbon and good for the environment. It’s customers include premier tyre manufacturers, such as Bridgestone, Sumitomo, and Pirelli, who have given the company awards for its quality, and for sustainability by Pirelli and Apollo.
The company has three main lines of business: 1. Making and selling natural rubber; 2. Making and selling crude palm oil; 3. Making and taking care of renewable energy and organic waste by the goods of the business division.
The group's block rubber is recognised by the leading tyre manufacturers in the world. There are consumer groups on every continent that focus on producing premium-quality block rubber, which is distinct from standard block rubber.
Produced using an eco-friendly manufacturing procedure, it is a product with minimal carbon dioxide emissions and can be linked to the origin of the basic materials, she added.
