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.
Coal & Logistics Business
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 fleet of barges and two port facilities in Samut Sakorn and Ayudhaya which can provide transportation service over main rivers.
Petroleum Tankering Business
Thoresen Thai Agencies Plc. holds 40 % shares of Petrolift, Inc,a leading Philippines petroleum tanker company. Incorporated in 1992, Petrolift is an accredited tankering services contractor for the major oil companies in the Philippines. It owns and operates a fleet of nine petroleum tankers/barges and one liquefied petroleum gas (LPG) tanker. The fleet has a total capacity of about 30 million litres transporting fuel such as petroleum, ethanol, and LPG products to all major ports/depots in the Philippines.
Thoresen Thai Agencies Plc. strategically established a joint venture company, TTA SUEZ Company Limited (“TTA SUEZ”) with global water and waste management company, SUEZ to seek sustainable project contracts drinking water and waste water services for public and private markets in Thailand.
Food & Beverage
Soleado Holdings Pte. Ltd. (“Soleado”) acquired a 9% stake in Sino Grandness Food Industry Group Limited (“Sino Grandness”), a leading canned food and fruit beverage producer and distributor in the People’s Republic of China and its securities are listed on the Stock Exchange of Singapore.
PH Capital Co., Ltd. (“PHC”), a 70% owned subsidiary of Thoresen Thai Agencies Public Company Limited, entered into the Asset Sale and Purchase Agreement (“APA”) to acquire the Pizza Hut business in Thailand from Yum Restaurants International (Thailand) Co., Ltd. (“YUM”). Commencement of the operation as local franchisee of Pizza Hut restaurants in Thailand was at end of the second quarter of 2017
Thoresen Thai Agencies Plc. invested in a 30% stake in Laser Game Asia Co., Ltd. (“LGA”) through wholly-owned Asia Coating Services Ltd. (“ACS”). Been part of TTA strategy to seek new sustainable growth business and start-up companies with high commercial success outcome.
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