STP&I Subsidiaries
STIT established in 1999 as a distribution and service agent to import mechanical equipment used in construction for civil work, mechanical work, electrical work and general engineering workindustries. The construction equipment products which are related to construction business such as PUTZMEISTER – concrete pumps and mortar machines from Gremany , JOHN DEERE – earth moving equipment from USA, LIEBHERR -tower crane from Germany, KATO – mobile crane from Japan, Dyna Jet – water jetting equipment, and ATLAS – special towed air compressor, towed generator and mobile lighting tower, etc. The industrial equipment products are IHI – boiler from Japan,
STIT is a leader in technology for construction work, petrochemical, and industrial. STIT is recognized from world major machine manufacturers and appoint to be a distributor. STIT expertise in training on practical knowledge to customer in Thailand and nearby countries and special expertise on construction service. In addition, STIT also provides equipment rental, after sale service and spare parts.
On 5th November 2016 STP&I Services Co., Ltd (a wholly owned subsidiary of the Company) on the acquisition of 42,000,000 ordinary shares (60% of total ordinary shares) of WPGE Phetchaburi Company Limited (“WPP”) from existing shareholders to operate a municipal waste power plant (waste to energy) for 7.9 megawatt (MW) power generation in Phetchaburi Province, Thailand for the Provincial Electricity Authority convert waste into electrical energy, fuel oil and fertilizer as well as providing business advice related to electricity generation and distribution and municipal waste disposal. Currently, the construction was stopped temporarily during the year 2019 due to a dispute with the contractor to design and construct the power plant. As a result, the electricity production and distribution schedule had to postponed from the original plan and the power plant had to renovated. to be able to use it according to its intended purpose At present, the dispute has ended and is recruiting experts to improve the power plant to be able to use it according to its intended purpose.
On 4 February 2013 The Company on the acquisition 100% of STP&I Services Co., Ltd. (Formerly named “LGR (Thailand) Co., Ltd.”) from existing shareholders. The main objective was to operate a business that supports construction and property development and increase the flexibility in management. Therefore, iThe Company added the objective to operate in the renewable energy business in various forms to engage in the production and distribution of electricity power plant construction contractor and consultant on all types of renewable energy business. The current focus on investments in WPP.
On 17 September 2010, STIT Co., Ltd. on the acquisition 100% of the ordinary shares of STIT 2011 Co., Ltd. (Formerly named “Marvel (FT) Holding Co., Ltd.”) from existing shareholders. The main purpose in expanding the scope of business to distribute new types of products and services and increasing the source of income
Currently, STIT2011 has no business operation due to the combine business of STIT2011 to STIT business in order to managethre operation efficiently and improve cost control
On 16th October 2017 The company expanded its business in property development and logistics under ST Property and Logistics Co., Ltd. (“STP&L”) (a wholly owned subsidiary of the Company) to operate property development and logistics. Currently, there are 5 real estate investment projects, which are Lamlukka District Pathumthani Province, Bang Pa-In District Phranakorn Sri Ayuthaya Province, Bang Bo District Samutprakan Province, These 3 warehouses with office for to store products and carry out logistics activities. In year 2019 has invested in office buildings and community mall at Prakhanong Sub-District Klongtoey District Bangkok. The company has also expanded its investment to land on Bangna-Trad road for expanding to built-to-suit project for customers in the logistics in particular.
In November 2021, KTBST Mixed Leasehold Real Estate Investment Trust (KTBSTMR), which established by ST Property and Logistics Company Limited (STP&L), a subsidiary of STP&I Public Company Limited, which holds 100 percent of shares, and ST Hill Company Limited and ST Hub Company Limited, which are subsidiaries in which STP&L holds 100 percent of shares has registered the rights to lease property in 3 projects: 1. Warehouse and factory with office project, ST Bang Bo, 2. Warehouse and factory with office project, ST Bang Pa-in, and 3. Shopping center building project. Summer Hill and the Summer Hub office building project with the Trust has a value of 2,325 million baht. Currently, STPL is the project manager for KTBSTMR.
The company is also investing in land in the purple zone in the outbound Bangna-Trad, around km. 19 and km. 22, to expand the project “Built-to-suit” for specific customer groups and has expanded its investment in warehouses for rent in both Built-to-suit and Ready-Built Forms in Khon Kaen Province through Growth Warehouse Company Limited (“GW”).
On 9 November 2018, the company has jointly invested in establishing for Fill Up Network Co., Ltd. by holding 70% with Central Oil Group Co.,Ltd. (Not related to the Company), holding 30%. Fill Up Network Co., Ltd. operates the trading business of fuel oil thru automated gas station.
On 28 December 2020, the Company acquired 30%of the ordinary shares of Fill Up Network Co., Ltd. from existing shareholders of Central Oil Group Co., Ltd. (CTG). Therefore, the Company own 100% shares in Fill Up Network Co., Ltd.
The Company now decides to stop more investment in Fill Up as the operation and marketing performance could not be meet the target.
On 28 June 2019 ST Property & Logistics Co., Ltd. (a wholly owned subsidiary of the Company) acquired 6,000,000 shares of the ordinary shares from existing shareholders of Boutique Prakhanong 1 Limited (“BPKN1”) which are 100% of total ordinary to operate community mall for rent under the project named “Summer Hill”
On 28 June 2019 ST Property & Logistics Co., Ltd. (a wholly owned subsidiary of the Company) acquired 6,000,000 shares of the ordinary shares from existing shareholders of Boutique Prakhanong 2 Limited (“BPKN2”) which are 100% of total ordinary to operate office buildings for rent under the project named “Summer Hub”
On 22 June 2021, Cannatory Co., Ltd. (“CAN”) (a wholly owned subsidiary of the Company) was established to conduct a study on investment in hemp business. The company has stopped studying and investing in this business. Because the study found that there is a high risk in marketing and high production costs resulting in the inability to operate the business according to the projected goals.
On June 14, 2023, the company passed a resolution approving the dissolution of CAN and completed the registration of dissolution on July 18, 2023. Currently, it is in the process of liquidation.
On 22 April 2022, STP&L acquired 90% of the ordinary shares from existing shareholders of Growth Warehouse Co., Ltd. (“GW”) for expansion of property development and warehousing development as Built to Suit for logistics business.
On February 27, 2023, ST Clean Planet Company Limited (“STCP”) (a 100% subsidiary of STP&I Public Company Limited) established to invest in other businesses (Holding Company).
On February 21, 2023, ST Evolution Pte. Ltd. (“STE”) was established as a registered company in the Republic of Singapore (100% subsidiary of STP&I Public Company Limited) to invest in Other businesses (Holding Company).
On January 20, 2023, ST Clean Planet (Asia) Company Limited (“STCPA”) was established as a registered company in the Hong Kong Special Administrative Region of the People’s Republic of China (100% subsidiary of STP&I Company). Public Company Limited)
