Thoresen Thai Agencies Public Company Limited (TTA)

2018

Asia’s Most Influential Companies

Thoresen Thai Agencies Public Company Limited (TTA)

Asia’s Most Influential Companies

2018

Thoresen Thai Agencies Public Company Limited (TTA)

Building Momentum from Sound Beginnings

Sustainable growth with vision, social conscience and industry acumen.

Thoresen Thai Agencies Public Company Limited (TTA) is a strategic investment holding company listed on the Stock Exchange of Thailand (SET), with an investment policy to achieve growth through a balanced portfolio that is diversified both locally and internationally. Its business portfolio is built around its core shipping, offshore service, agrochemical, and other investments in the areas of logistics and food and beverage.
TTA is an industry champion because of its ability to anticipate and respond to changing market conditions and opportunities across its full portfolio of investments. Initially an operator of dry bulk shipping business, it subsequently expanded its marine interest into offshore oil and gas services through the acquisition of Mermaid (subsequently renamed and listed in 2007 on the Singapore Stock Exchange as Mermaid Maritime Public Company Limited). In 2009 TTA diversified beyond the marine sector with the acquisition of a large stake in Unique Mining Services Public Company Limited. Not long after, TTA also acquired Vietnamese fertiliser company, Baconco Co., Ltd which was later listed on the Stock Exchange of Thailand as PM Thoresen Asia Holdings Public Company Limited (PMTA).
TTA’s management team’s strategy is to seek out new customers in new regions, while optimising operational performance, introducing even greater efficiency and innovation into TTA’score businesses and diversifying through new long term investments. A recent example of this diversification came in 2017 when TTA subsidiary, PH Capital became the sole franchise operator of the iconic Pizza Hut restaurant business in Thailand.

TTA is well placed to move beyond short term challenges and volatility to build a platform for continuing growth by focusing on maximising shareholders value, enhancing its competitive advantage across all business groups, and creating and facilitating sustainable growth.
TTA conducts every aspect of its business with an unqualified commitment to transparency and good corporate governance, meeting all applicable laws and regulations. The Company also pays attention to energy conservation and environment protection.

Acknowledging the importance of human capital within the group, the company has an ongoing focus on employee engagement and retention. This includes a competitive provident fund programme, with comprehensive health care insurance as well as work-life balance. Its skills and management development policies reflect a ‘Learning and Development’ model where job-related experience accounts for 70 percent of learning, with 20 percent deriving from interactions with colleagues at work, and 10 percent from training programmes.

Above all, TTA underscores its financial success with a deep commitment to society. The company builds and promotes societal awareness, not limiting its assistance to donations, but also contributing in time, manpower, processes and consciousness.
TTA undertakes social and community contribution by way of its Maritime Award which takes the form of scholarships for Thoresen crews’ children in order to inspire children to be educated and grow into quality citizens. Its involvement in the ‘Doing Good, Stop Bullying in Schools’ project helps the development of ethics and social immunity. The project was recognised in the Asia Responsible Entrepreneurship Awards 2017 (AREA Awards 2017) under the category of Social Empowerment. The Company also makes donation to the Thai Red Cross Society to support a medical treatment fund at the Craniofacial Centre for patients undergoing craniofacial surgery at Chulalongkorn Hospital.

All of these efforts are made to achieve its goal to be Asia’ leading and most trustworthy investment firm. TTA strives to deliver only the best to all external and internal stakeholders including shareholders, employees, business partners,, communities and societies by creating balanced and positive aspects of social, economic and environmental dimension that leads to the sustainable development of the Company’s business.

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