Triton Holding Public Company Limited is a diversified investment holding company with a core focus on Engineering, Procurement, Construction, and Management (EPCM) services and energy-related investments in Thailand. Originally established as ONPA International Company Limited in 1987 and operating in the media industry, the company rebranded to Triton and is now headquartered in Bangkok, Thailand.
Triton operates across three main business segments: Energy, Construction, and Investments in Energy and Construction resources. The company holds an 84 percent stake in Strega Public Company Limited, a leading engineering, procurement, and construction management company specializing in horizontal directional drilling (HDD) for oil and gas pipelines, fiber optic cables, and water and sewer pipeline works. Strega also supplies engineers and constructs infrastructure and commercial projects. Additionally, Triton’s investment arm focuses on creating long-term superior returns for shareholders through sustainable energy and construction-related projects.
A Vision for Generational Growth
Triton’s vision is to “invest for generations to come,” prioritizing the long-term prosperity of its stakeholders. The company is built on three pillars: delivering superior investment performance, fostering long-term partnerships, and attracting and retaining top industry talent to position itself as an employer of choice.
“Our model, which is based on a long-term vision, values sustainable growth and performance with the aim to invest in opportunities to benefit generations of Triton shareholders. It is the driving force for the Group’s success and the guarantee of its future,” says Louise Taechaubol, Chairman of the Executive Board.
Milestones and Achievements
Since its transformation, Triton has reached several key milestones across its business divisions. In January 2015, Strega was awarded a subcontract drilling project with TESCO Engineering Company Limited for PTT Exploration and Production (PTTEP), valued at 65.29 million Baht. By September 2015, Triton increased its stake in Strega from 52.63 percent to 84.2 percent.
In December 2016, Strega secured a 3.3 billion Baht contract for the NFPT project, marking a significant turning point in the company’s growth. It transitioned from a private HDD company with a small backlog into a major EPC service provider for the oil, gas, and energy sectors. This transformation led to a remarkable increase in Triton’s revenue from 200 million Baht to 3 billion Baht in just two years under new management.
In November 2017, Triton further strengthened its corporate governance by joining Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC).
A Strategic and Adaptable Business Model
The unique structure of Triton as a holding company has positioned it at the forefront of Thai businesses. With a flexible and adaptive business model, Triton has successfully generated profitable and sustainable returns. By maintaining a lean cost structure and operating debt-free, the company has effectively navigated economic challenges while listing and spinning off its own investments. Triton’s strong business development team, with deep industry connections, has played a key role in ensuring adaptability to market needs.
With positive growth forecasts in the construction sector, Triton is capitalizing on government economic incentive programs to establish itself as a leading EPCM provider for the oil and gas industry. Its clients include oil and gas facilities, refineries, and petrochemical plants. Over the next decade, the company aims to scale its operations by offering multidisciplinary engineering and project management services, facility upgrades, modernization, capacity expansions, fabrication, and the installation of electrical and instrumental equipment.
To support this expansion, Triton plans to forge strategic partnerships with foreign and domestic subcontractors, improve internal processes and productivity, and enhance staff training programs to promote effective communication and professional development.
Sustainable Energy Investments and Community Impact
Triton is also focused on upcoming energy investments, which will serve as a foundation for consistent, sustainable returns for its stakeholders. Beyond financial success, the company is deeply committed to its socio-economic impact on the communities it works with.
“Another of our main concerns is the socio-economic impact that we have on the communities that we work with. Hence, our commitment is to take on projects that help benefit the communities and environment,” says Louise Taechaubol.
With a strong foundation in construction and energy, Triton continues to build better communities and drive sustainable development while delivering long-term value for its investors and partners.
