 : Nature of Business |
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Background :
Thai Factory Development (TFD) was registered on 11 November 1977 through a joint venture between Industrial Finance corporation of Thailand (IFCT) and Commonwealth Development Corporation (CDC) of the UK with a purpose to construct standard pre-built industrial plants for sale or rent in various industrial estates.
In 1991, TFD was listed in the Stock Exchange of Thailand. The Company registered to convert itself into a public company on 4 February 1991, having IFCT as a major shareholder.
In 2002, IFCT cut down its investments in the non-core business and as a result sold all the shares it held in the Company to Mr. Apichai Teachaubol’s Group and his business partners. The Company started expanding its business to a residential project in the Sukhumvit area for the first time.
In 2003, the Company expanded its factory development project via its subsidiary (namely Total Industrial Services Co., Ltd.) set up in collaboration with the Industrial Estate Authority of Thailand (IEAT) to develop IEAT’s properties. In addition, the Company developed another residential project in Sukhumvit area and ventured into a serviced apartment in Din-Daeng Vipavadee Rangsit area.
In 2004 and 2005, the Company started earning more sales incomes from industrial plant and residential projects, especially after changing its policy from renting to selling with a focus to projects that yielded quick and high returns.
Startion a residential project in Sukhumvit area (Sukhumvit 59 Heritage).
In 2006 and 2007, the Company expanded its major business in various projects; namely, the ready made factory and warehouse project in Kingkaew area, TFD Industrial Estate project in Tambon Tha Sa-an, Amphoe Bangpakong, Chachoengsao Province, the 59 Heritage condominium project and the serviced apartment project at Soi Mahatlek luang 2, Rajdamri Road.
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Overview of the Business :
Although TFD’s main business is still in building industrial plants, the Management, however, always look ahead for good business opportunities to come.
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| Shareholding ratio in its subsidiaries is as follows: |
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Registered Capital |
Shareholding Ratio |
1. Princeton Park Suites Co., Ltd.
(serviced apartment) |
Baht 225 million |
100% |
2. Total Industrial Services Co., Ltd.
(pre-built ready made factory with IEAT)
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Baht 100 million |
51% |
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In 2007, TFD continued to conduct its main business, which was to construct factories for sale and rent in
conjunction with selling a condominium in the Sukhumvit area and renting a serviced apartment with a main policy to generate
incomes from sales rather than rent as it provided quick and fast returns of investment. TFD expanded its pre-built industrial
plant project by investing in a subsidiary's pre-built factory project in the Kingkaew area of Amphoe Bangpli, Samut Prakan
Province. In addition, TFD also purchased 273 rai of land at Amphoe Bangpakong, Chachoengsao Province to set up an industrial
estate of its own where the funding came from returns and profits from the termination of leasing rights in an office building
in Sathorn area as well as from sales of its investment units in the TIF1 Fund totaling Baht 440 million.
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Company Profile 