The Infrastructure Group comprises a number of businesses that are ultimately engaged in logistics services. The two key businesses are 90.1% owned Unique Mining Services Public Company Limited ("UMS") and 67.4% owned PM Thoresen Asia Holdings Company Limited.("PMTA").
PM Thoresen Asia Holdings Plc. is the holding company that owns 100%of shares in Baconco Co., Ltd. ("Baconco") and PM Thoresen Asia (Singapore) Pte. Ltd. ("PMTS"). Baconco operates the agrochemical business and factory area leasing service in Vietnam whereas PMTS handles the raw material procurement to support Baconco's agrochemical business.
With total fertilizer production capacity of 450,000 metric tons per annum, Baconco boasts not only the largest NPK production facility but also the strongest single producer in one location in Vietnam.
Baconco produced more than 95 distinct of NPK compound fertilizer for coffee, rice, rubber, vegetables and various other crops. Baconco has continuously made a push to boost exports, establishing a strong reputation for its distinctive "Stork" brand in markets in Africa, MEA and SEA.
Factory Area Leasing Business
Baconco is located in Southern Vietnam at the Phu My I Industrial Park, Baria Vung Tau, which is 70 kilometers from Ho Chi Minh City. The Phu My I Industrial Park is one of Vietnam's export centers in the South therefore, Baconco benefits from the demand for storage of goods and raw materials prior to shipping or logistics.
Unique Mining Services Public Company Limited is a publicly listed company in Thailand that specializes in coal supply chain management providing end to end and just in time coal and coal logistics sales and distribution services in Thailand, primarily to small and medium-sized industrial clients.
It owns two port facilities in Samut Sakorn and Ayudhaya which can operate barges and warehouse storage.
Port Operations Business
Soleado acquired a 20% stake in Baria Serece from Yara Asia Pte. Ltd. in 2010.Baria Serece owns and operates Phu My port in South Vietnam. Phu My port is situated on the Thi Vai River, approximately 17 miles from the open sea, adjacent to Phu My industrial park. The port is Vietnam's largest dry cargo deep-water port, and is able to receive up to seven million tonnes of agricultural products, coal, and fertiliser per year. Baria Serece has completed its 453 metre quay upgrade project and has received a license to operate domestic and international general cargo vessels of up to 12 metres and 80,000 dwt. As such, the facility is favoured among Handymax, Supramax, and Panamax operators, as no lightering is needed prior to arrival.
Ship Supplies, Logistics, Ship Stevedoring and Transportation
Chidlom Marine Services & Supplies Ltd. ("CMSS"), a wholly-owned subsidiary of TTA , provides ship supplies and logistics services, including supply of ship stores, cargo dunnage materials, cargo lashing and securing equipment, cargo handling equipment, tally and checker services, forklift rental/services, warehouses and storage spaces for rental, material procurement, management, and distribution in Thailand. CMSS also provides ship stevedoring and transportation services, including cargo loading and unloading, cargo handling, and transportation.
Third Party Logistics Services
GAC Thoresen Logistics Ltd. ("GTL") was established to serve the Thai domestic logistics market. It’s a joint venture comprising TTA, Liechtenstein and GAC with TTA holding a majority stake of 51%. The company owns a 10,000 square metre warehouse facility at Amata Nakorn Industrial Estate and leases a 6,000 square metre warehouse facility at Bang Pa in Industrial Zone.
GTL is a third party logistics ("3PL") service provider that engages in warehousing, warehouse management, and domestic distribution for both local and multinational clients. The company operates in a niche environment and has secured mid to long-term contracts with a number of clients.
Visit our subsidiaries in Infrastructure Group