Tipco Asphalt Public Company Limited
_________________________________________________________________________________
Tipco Asphalt Public Company Limited -
Company Capsule
Reference Code: CN0886CC
Published Date: April 2011
___________________________________________________________________________________________
Tipco Asphalt Public Company Limited - Company Page 1
Capsule
Tipco Asphalt Public Company Limited
__________________________________________________________________________________________
Tipco Asphalt Public Company Limited - Company Overview
Tipco Asphalt Public Company Limited (Tasco) is a Thailand-based company. The company engaged in the business
of asphalt manufacturing. The company, through its subsidiaries manufactures and distributes asphalt products which are
used in the construction and maintenance of roads, maintenance and paving industries and essential for transportation
within the Thailand. Tipco is also engaged in distribution of diesel and fuel oil to road contractors and other manufacturing
companies. The company primarily operates through subsidiaries in Thailand, China, Malaysia, Hong Kong Special
Administrative Region of China, Cambodia and Cayman Islands. Tasco conducts its business through three segments
namely, Manufacture and Sale of asphalt products, Marine Transportation and Investment and Others. The company is
headquartered in Phayathai in Bangkok, Thailand.
Financial Performance
The company reported revenue of THB 14,088.59 million during the fiscal year ended 2009. The company's revenue grew
at a CAGR of 16.08% during the period 2007-2009 with a year on year growth of 49.95% over fiscal year 2008. During the
fiscal year 2009, its operating margin was 6.28% as against the operating margin of -9.02% in fiscal year 2008. During the
fiscal year 2009, the company registered a net margin of 3.51% as against the net margin of -11.59% in the fiscal year
2008.
Tipco Asphalt Public Company Limited - Key Facts
Tipco Asphalt Public Company Limited, Key Facts
118/1 Rama 6 Road, Bangkok, ,
Ticker Symbol, Stock TASCO (Stock Exchange of
Corporate Address: 10400, Thailand Thailand (Bangkok))
Exchange
Telephone + 66 2 2736000 No. of Employees 638
Fax + 66 2 2792541 Financial Year End December
URL www.tipcoasphalt.com Revenue (in THB Million) 14,089.00
Industry Construction Revenue (in USD Million) 407.55
Cambodia, China, Hong Kong Special Administrative Region of China, Malaysia, Thailand, Cayman
Locations
Islands
Source: Annual Report, Company Website, Primary and Secondary Research
___________________________________________________________________________________________
Tipco Asphalt Public Company Limited - Company Capsule Page 2
Tipco Asphalt Public Company Limited
__________________________________________________________________________________________
Tipco Asphalt Public Company Limited - Major Products and Services
Tipco Asphalt Public Company Limited is an asphalt manufacturing company. The key products and services offered by
the company include the following:
Tipco Asphalt Public Company Limited, Major Products and Services
Products:
Wide Range of Asphalt Products for Road Applications:
Asphalt Cement
Cutback Asphalt
Asphalt Emulsion
Modified Asphalt Emulsion
Premium Grade Asphalt
Special Products:
TIPCO Premix
TIPCO Joint Sealer
TIPCO Joint Primer
Superjoint
Jet Fuel Resistant Joint Sealant
Binder for Tropical Bridgejointing System
Services:
Total solution for consultancy and servicing
Slurry seal machine checking and maintenance
Introduction and promotion program of CSS 1 application in prime coat
Worker knowledge training on site program
Surface treatment and pavement calculations.
Distribution of diesel and fuel oil
Source: Annual Report, Company Website, Primary and Secondary Research
___________________________________________________________________________________________
Tipco Asphalt Public Company Limited - Company Capsule Page 3
Tipco Asphalt Public Company Limited
__________________________________________________________________________________________
Tipco Asphalt Public Company Limited - Key Competitors
The following companies are the major competitors of Tipco Asphalt Public Company Limited:
Chonburi Concrete Product Public Co. Ltd.
Ajiya Berhad
Astec Industries, Inc.
King Tech International Ltd
Industrial Asphalts (Ceylon) Ltd
___________________________________________________________________________________________
Tipco Asphalt Public Company Limited - Company Capsule Page 4
Tipco Asphalt Public Company Limited
__________________________________________________________________________________________
Tipco Asphalt Public Company Limited - Key Employees
Tipco Asphalt Public Company Limited, Key Employees
Name Job Title Board Level Since Age
Anurat Tiamtan Chairperson Executive Board 2003 61
Chaiwat Srivalwat Managing Director Executive Board 50
Chayongsak Pisitpong Director, Chief Financial Officer Executive Board 52
Emmanuel Scheer Director Executive Board 43
Herve Le Bouc Director Non Executive Board 59
Jacques Marcel Pastor Director Executive Board 55
Niphon Suthimai Director Non Executive Board 52
Pahol Chindakul Director Non Executive Board 75
Panchalerm Sutatam Director Non Executive Board
Parnchalerm Sutatam Director Non Executive Board
Sitilarb Supsakorn Director Executive Board 59
Somchit Sertthin Chief Executive Officer, Director Executive Board 58
Thaweesin Devahastin Na
Director Non Executive Board 62
Ayudhya
Thierry Alain Simon
Director Executive Board
Defrene
Source: Annual Report, Company Website, Primary and Secondary Research
___________________________________________________________________________________________
Tipco Asphalt Public Company Limited - Company Capsule Page 5
Tipco Asphalt Public Company Limited
__________________________________________________________________________________________
Tipco Asphalt Public Company Limited - Locations and Subsidiaries
Head Office
Tipco Asphalt Public Company Limited
118/1 Rama 6 Road
Bangkok
Zip: 10400
Thailand
Tel: + 66 2 2736000
Fax: + 66 2 2792541
Other Locations & Subsidiaries
Tipco Asphalt Public Company Limited, Subsidiaries
Bitumen Marine Co., Ltd. Delta Shipping Co., Ltd.
Thailand Thailand
Kemaman Oil Corporation Sdn Bhd Surat Bitumen Co., Ltd.
Malaysia Thailand
Tasco International (Hong Kong) Ltd. Tasco International Ltd.
Hong Kong Special Administrative Region of China