Sri Trang Agro-Industry Pcl (Thailand)

Sri Trang Agro-Industry Pcl is a fully integrated natural rubber company located in Songkhla, Thailand. Established in 1987, the company has invested in large-scale rubber plantations across 19 provinces in Thailand, covering an area of 7,500 hectares. In terms of the midstream business, Sri Trang Agro-Industry has a market share of approximately 11 percent of the global demand for natural rubber in 2022. It also holds a market share of 33 percent of Thai natural rubber production, which increased from 32 percent in 2021. The company offers a wide range of natural rubber products, including Technically Specified Rubber (TSR), Ribbed Smoked Sheets (RSS), and Concentrated Latex. It has a production capacity of 3.18 million tons per annum and operates 35 processing facilities in Thailand, Indonesia, and Myanmar. Sri Trang Agro-Industry's downstream subsidiary, Sri Trang Gloves (Thailand) Public Company Limited (STGT), is a leading producer and distributor of latex and nitrile examination and industrial gloves. With offices in multiple countries, including Thailand, China, the United States, Vietnam, and the Philippines, STGT has cutting-edge production facilities in Songkhla, Suratthani, Trang, and Chumphon. It has a total installed capacity of 52.5 billion pieces of gloves per annum, making it the largest glove producer in Thailand. STGT holds a market share of 7.2 percent of global glove consumption in 2022. Additionally, Sri Trang Agro-Industry is part of a joint venture that manufactures high-pressure hydraulic hoses for industrial purposes. The company is listed on both the Stock Exchange of Thailand (SET) and the Singapore Exchange (SGX), making it the first and only Thai rubber company with dual listings. Sri Trang Agro-Industry also has various subsidiaries that provide operational support for its core businesses, including research and development, information technology and innovation, logistics, and rubberwood processing.