Mitr Phol
 | |
| Industry |
Food processing Bioenergy |
|---|---|
| Founded | 1946 |
| Headquarters | Thailand |
Area served |
Thailand China Cambodia Laos |
Key people | Isara Vongkusolkit, President[1] |
| Products | Sugar |
| Revenue | US$1.5 billion (2015 est) |
| Subsidiaries |
|
| Website |
www |
Mitr Phol Group is Thailand's and Asia's biggest sugar and bio-energy producer.
Mitr Phol Sugar Corp is a privately owned group of companies, mainly owned by the Vongkusolkit family. As of 2014, Mitr Phol is ranked as the world's fourth largest sugar producer, and the largest producer in Asia. It is Thailand's largest sugar producer and the second largest in China through its joint venture company East Asia Sugar. In addition to Thailand and China, Mitr Phol has operations and investments in Lao PDR, Cambodia, and most recently Australia. Its key business units include sugar, wood substitute materials, and renewable energy.
Corporate philosophy
Mitr Phol's corporate philosophy is:
- Strive for leadership
- Believe in the value of human dignity
- Stand tall in fairness
- Responsible for society
Sugar
In Thailand, Mitr Phol has six sugar mills, with a total processing capacity of 130,500 tons of sugar cane daily. All mills have refineries attached and produce white sugar. The locations are:
- Suphan Buri Province ('Mitr Phol Danchang mill")
- Sing Buri Province ("Sing Buri mill")
- Chaiyaphum Province ("Mitr Phol Phu Khieo mill")
- Khon Kaen Province ("Mitr Phol Phu Viang mill")
- Kalasin Province ("Mitr Phol Kalasin mill")
- Loei Province ("Mitr Phol Phu Luang mill")
The yearly sugar cane processing capacity is about 20 million tons, yielding sugar output of approximately 2 million tons per year.
Outside Thailand, Mitr Phol has seven sugar mills in Guangxi Province, China. In Lao PDR, the "Mitr Lao mill" is in Savannakhet Province.
In 2012, Mitr Phol acquired a stake in the Australian sugar producer, MSF Sugar Limited.
Wood substitute materials
A subsidiary company, Panel Plus Co. Ltd., manufactures particle board and MDF panels from bagasse and rubber wood chips. According to the company, it has the capacity to produce 300,000 cubic metres of particle board a year, 300,000 cubic metres of medium density fibre boards a year, and 23,500,000 square metres of melamine impregnated panels.[2] It has plants in Chaiyaphum and Songkhla Provinces.
Renewable energy
Mitr Phol's subsidiary company Mitr Phol Bio-Fuel Co., Ltd., has four ethanol plants with total capacity of 1,100,000 liters per day in Suphan Buri, Chaiyaphum, Kalasin, and Tak Provinces. Molasses, a waste product from the production of sugar, is used as feed stock to produce ethanol which is used for blending in fuel as gasohol. Mitr Phol Bio-Fuel is Thailand's largest ethanol producer.
Another Mitr Phol subsidiary is Mitr Phol Bio-Power Co., Ltd. which runs several biomass power plants attached to sugar mills. These plants burn the bagasse from crushed sugar cane in order to power steam turbines to generate the power needed for the mill. Excess electricity is sold to the national power grid.
Related businesses
The Vongkusolkit family's related businesses include Banpu Public Company Limited, which is listed on the Stock Exchange of Thailand, and the Erawan Group which owns various prime properties throughout the kingdom including the J.W. Marriott Bangkok Hotel, Ploenchit Center building, Amarin Plaza, and the Hyatt Erawan Hotel.
References
- ↑ "Thailand's 50 Richest". Forbes. Retrieved 18 September 2015.
- ↑ "Company Profile". Panel Plus Co., Ltd. Retrieved 18 September 2015.