Basic Information
STP&I Public Company Limited was established in 1975, with over 49 years of experience, the Company has provided customers with professional manufacturing of customized quality steel fabrication including Steel Structure, Piping Fabrication and Process Module such as Modules, Tank, Pressure Vessel, and Boiler. One of STP&I’s strengths is its capability to fabricate large built-up beam steel for huge infrastructure and heavy industry projects such as power plants, refineries, high-rise buildings, roof structures, bridges, elevated highways, and airports.
STP&I operates four production plants include Steel Structure fabrication plants in Chonburi and Rayong, Piping fabrication shop in Sriracha and Assembly yard at Laem Chabang Port. With a total capacity of 100,000 ton /year, STP&I has used its capacity at 45% in year 2023.
The Company has 13 subsidiaries as follows:
| Company Name | Type of Business | Paid-up Capital (Baht) | % of Shares Held by STP&I |
| STIT Co., Ltd. | Sales and rental of machinery and equipment for construction and manufacturing industries | 135,000,000 | 100 |
| STP&I Services Co., Ltd. | Construction Services | 410,000,000 | 100 |
| STIT 2011 Co., Ltd. | Sales and rental of machinery and equipment for construction industry | 66,033,000 | 100 By STIT |
| WPGE Phetchaburi Co., Ltd. (“WPP”) | Operate a municipal solid waste power plant (waste to energy) | 700,000,000 | 60 By STIT |
| ST Property & Logistics Co., Ltd. (“STP&L”) | Logistic and Property Development | 440,000,000 | 100 |
| Fill Up Network Co., Ltd. (“FILL UP”) | Community automated gas station | 500,000,000 | 100 |
| ST Hill Co., Ltd. (“ST HILL”) | Property Development | 30,000,000 | 100 (By STP&L) |
| ST Hub Co., Ltd. (“ST HUB”) | Property Development | 30,000,000 | 100 (By STP&L) |
| Cannatory Co., Ltd. ("CAN") | Hemp Business | 5,000,000 | 100 |
| Growth Warehouse Co., Ltd. ("GW") | Property Development and Logistics service | 50,000,000 | 90 (By STPI) |
| ST Clean Planet Co., Ltd. (“STCP”) | Holding Company | 1,000,000 | 100 |
| ST Evolution Pte. Ltd. (“STE”) | Holding Company | SGD 1,000 | 100 |
| ST Clean Planet (Asia) Limited (“STCPA”) | Holding Company | HKD 1,000 | 100 |
Mission
STP&I strongly engages in mega steel construction for construction business including machinery and equipment for construction business
Vision
To be a leader in steel construction module for export especially in energy sector and to continue sustainability growth which create value added to all parties
Corporate Objective / Goal
To be a leader in hi-technology steel construction for mage project around the world with all-time competitiveness and development
- To satisfy customer on production aspect;
- Standardized quality of products
- On time delivery
- Budget control
- Without loss time injury
2. Sustainable growth by seeking new opportunities that has strong growth and continuously generated income.
3. Sustainable organizational development focus on environment, social and corporate governance.
Strategy
The Company’s strategy for sustainable growth are as follows:
- Concentrated on customer satisfaction, on-time delivery, and no Loss Time Injury
- Efficient management and people
- Maintain strong financial position and management
- Seeking new businesses that continuously generated income growth business in renewable energy industry and property development and logistics. And businesses that provide investment returns suitable for the current competitive environment
- Emphasize the sustainable development of the organization by educating company employees.
Business Goal, Environmental and Social Goal
The company is aware of its operations. to have continuous income growth Including expanding investment in new businesses to diversify business risks and create continuous income and to have operations that focus on safety, the environment, and good society Policy, guidelines, follow-up and development in safety are established. Environment and Society Provide knowledge and training on safety and the environment Campaigning for everyone to participate in reducing environmental impacts.
In 2023, the company continues to be a leader in the large steel structure fabrication business by continuously receiving project work and has continued income until the present. In addition, the company has implemented its goals and strategies. in expanding business to the renewable energy business and property development and logistics businesses. It is considered a risk distribution for the group of companies as well as effectively maintaining the company’s financial liquidity. Since the company has established 3 subsidiaries in overseato support investment in the MONSOON wind power plant 600 megawatts, and establish a company in 2023 and invest in the business of producing electricity from solar energy in Thailand. In addition, there is an expansion of Ready Built warehouse rental space in Khon Kaen province. Details as shown in the topic important changes and developments in 2022-2023.
Core Business of STP&I can be categorized into 4 main areas:
1. Engineering Service: The Company provides engineering services for detail design of steel-to-steel connection, shop drawing for steel structure, spool drawing, and erection drawings by various special softwares. All the engineering works are performed by the in-house professional and experienced engineers.
2. Fabrication: The Company provides fabrication services and has the capability to fabricate steel structure and pipe spool in workshop which equipped with state of the art equipment and CNC machines to ensure the high quality & efficiency of fabrication processes, including the cost effective.
3. Construction: STP&I’s construction works include Steel Structure, Piping and mechanical equipment installation and erection for various manufacturing plants. The Company performs construction works at the client’s project site and also module construction at the Company’s facilities prior transportation to the client’s project site.
4. Dismantling: The Company provides service of dismantling all kinds of heavy structures and equipment in the oil & gas industry particularly offshore structures such as offshore platform, offshore pipelines, offshore petroleum storage facilities, including equipment used for exploring, manufacturing, maintaining, transporting, selling or distributing petroleum. The Company’s dismantling yard is located within the are of Laem Chabang Port.
Company Products can be categorized into 3 groups.
- Steel Structure
Company provides the fabrication and erection of Steel Structure made from steel plates and steel sections which procured from both domestic mills and import from overseas. Main products are the heavy fabricated structure such as.
1.1 Steel structures for the medium-scale and large-scale industrial plants such as gas separation plant, power plant, oil refinery and petrochemical plant, etc. including the steel structure which are installed as a part of Module.
1.2 Steel Structure for building such as high–rise building, airport terminal, gymnasium and roof structure.
1.3 Steel Structure for infrastructure such as bridge, elevated road, railway, monorail etc.
- Piping: STP&I has expertise in piping fabrication which are essential parts in the production process of industrial plants such as power plants, oil refineries, petrochemical plants, offshore process plants, etc.. The pipe spool fabrication is carried out at the Company’s facilities, then the pipe spool will be transported to the project site for installation or transported to STP&I’s Laem Chabang Assembly yard to be installed in the Module. Company supply pipe spool for various projects both in Thailand and overseas.
- Module: STP&I expands its business to Process Module assembly. The Company’s assembly yard location is nearby the sea port which is convenient for the transportation by sea of the large module to the project site in both domestic and overseas. Module is a large-unit structure comprises steel structure, piping system, equipment such as boiler, pressure vessels, machinery, includes electrical and controlling system for various industries. Module mostly used in both onshore and offshore construction such as oil and gas platform or large projects that have limitation on working area or high labor cost or time constraint.
The Company’s products and services are different in each projects based on the project requirements & specifications designed by Customers, so the Compaany focuses on developing the production process start from the follows.
- Procurement of raw materials, and tools & machines – Company appoints a dedicated team to study and procure those material and tools & machines that is sufficient and good quality in order to provide the good quality products, ontime delivery and reasonable costs.
- Reducing steps of work process and loss time by applying the Lessons Learnt from the past projects, and find out the improved process for future projects and also communicate with those involved.
- Focusing on human development especially the skilled workers in order to have the ability to work in a wider variety jobs and could support operation team who may need short-term labours which reduce the recruiting of new workers that will cause higher costs.
