Thai Summit Group
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Thai Summit Group
Thai Summit Group ( th, กลุ่มบริษัทไทยซัมมิท) is a Thai manufacturing company. It is a manufacturer of automotive, motorcycle, electrical appliance, and agricultural machinery. The company was founded in 1977. Its headquarters is in Samut Prakan, Thailand. Thai Summit Group has manufacturing facilities in Laem Chabang, Nakhon Nayok, Rayong, and Samut Prakan and overseas manufacturing facilities in Malaysia, Indonesia, Vietnam, China, India, Japan, and the US. Ownership Thai Summit is a privately held, family-owned company. A majority of shares are held by Somporn Juangroongruangkit, President and CEO, widowed wife of the founder. The remainder is held by her five children. Performance Thai Summit revenues in 2017 amounted to 80 billion baht The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibi ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Thailand
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bordered to the north by Myanmar and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the west by the Andaman Sea and the extremity of Myanmar. Thailand also shares maritime borders with Vietnam to the southeast, and Indonesia and India to the southwest. Bangkok is the nation's capital and largest city. Tai peoples migrated from southwestern China to mainland Southeast Asia from the 11th century. Indianised kingdoms such as the Mon, Khmer Empire and Malay states ruled the region, competing with Thai states such as the Kingdoms of Ngoenyang, Sukhothai, Lan Na and Ayutthaya, which also rivalled each other. European contact began in 1511 with a Portuguese diplomatic mission to Ayutthaya, w ...
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Somporn Juangroongruangkit
Somporn Juangroongruangkit ( th, สมพร จึงรุ่งเรืองกิจ; born 1950/1951) is a Thai businesswoman and the president and CEO of Thai Summit Group, the family-owned and largest car parts manufacturer in Thailand. Her family also owns part of Matichon, a media group. Personal life Somporn was married to Pattana Juangroongruangkit, until his death in 2002. They had five children together including Thanathorn Juangroongruangkit, founder of the Future Forward Party The Future Forward Party (FFP) ( th, พรรคอนาคตใหม่, , ; literally 'New Future Party') was a political party in Thailand founded in March 2018 by Thanathorn Juangroongruangkit, former vice president of Thai Summit Group, a .... Career She has managed the Thai Summit Group since her husband died in 2002. In 2004, she created the Pattana Golf Club and Resort in Thailand, in memory of her late husband, a keen golfer. References {{DEFAULTSORT:Juangroongruangki ...
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Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final p ...
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Laem Chabang
Laem Chabang ( th, แหลมฉบัง, ) is a port city municipality (''thesaban nakhon'') in Si Racha and Bang Lamung districts of Chonburi Province, Thailand. It includes Thung Sukhla subdistrict (''tambon'') and parts of subdistricts Bueng, Nong Kham and Surasak of Si Racha District and part of Bang Lamung township of Bang Lamung District all of Chonburi province. As of 2019 it had a population of 88,271. The city has grown up around the port, but also serves as a major stop on the coastal highway linking Pattaya and Bangkok via Sukhumvit Road (Hwy 3). The city is also known for hosting a Japanese retirement community with specialty stores geared towards them. History Since 1981 the National Economic and Social Development Board (NESDB) has defined Laem Chabang as a target area for the development into a new urban community by constructing and developing infrastructure and public utilities to support the expansion of the community resulting from the development. Industry ...
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Rayong
Rayong ( th, ระยอง, ) is a city (''thesaban nakhon'') on the east coast of the Gulf of Thailand and the capital of Rayong province. It covers tambons Tha Pradu and Pak Nam and parts of ''tambons'' Choeng Noen and Noen Phra, all within Mueang Rayong district. As of 2016 the population was 64,256 (est.). The main industry is fishing, and it is also the main producer of Thailand's fish sauce. It is also the center of the chemical and auto industries. In 2012 Ford Motor Company opened an assembly plant in Rayong to expand Ford's presence in the ASEAN area, employing some 2,200 people. Rayong was named an Asia-Pacific City of the Future by the ''Financial Times'' in 2017. Etymology ''Rayong'' comes from the Chong word for ''Pterocarpus macrocarpus, (''commonly known as Burma Padauk, and in Thai “Pradu”) a tree that is common in the region. History During the late Ayutthaya period, when the former capital of Thailand was being destroyed by the invading Burmese, ge ...
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Thai Baht
The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldwide Interbank Financial Telecommunication, SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of January 2019. History The Thai baht, like the Pound (currency), pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as 15 grams), and was in use probably as early as the Sukhothai Kingdom, Sukhothai period in the form of bullet coins known in Thai as ''phot duang''. These were pieces of solid silver cast to various weights corresponding to a Thai units of measurement, traditional system of units related by simple fractions and multiples, one of which is the ''baht (unit), baht''. These are listed in the follo ...
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