Thai Summit Group ( th, กลุ่มบริษัทไทยซัมมิท) is a
Thai
Thai or THAI may refer to:
* Of or from Thailand, a country in Southeast Asia
** Thai people, the dominant ethnic group of Thailand
** Thai language, a Tai-Kadai language spoken mainly in and around Thailand
*** Thai script
*** Thai (Unicode block ...
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
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 Buen ...
,
Nakhon Nayok
Nakhon Nayok City is a capital of Nakhon Nayok province in the central region of Thailand.
The city (''thesaban mueang'') covers ''tambon'' Nakhon Nayok and parts of Tha Chang, Ban Yai, Wang Krachom, and Phrom Ni of Mueang Nakhon Nayok distric ...
,
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 ...
, 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
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. ...
, 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 responsibility of the Bank of Thailand. Society for Worldw ...
. Net income for the year was six billion baht.
Factory worker productivity has been a management focus. Comparable Japanese firms average 10–11 million baht in revenue per year per worker. US firms manage 13–14 million baht. Thai Summit in 2017 achieved 3.7 million baht per worker, versus a Thai industry average of 1–2 million baht. The corporate plan aims to raise productivity to 5 million baht per worker by 2021.
References
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External links
Thai Summit Group
Manufacturing companies of Thailand