Triton is a global construction EPCM group aimed at quality-services for building better communities- a name to bank on.
Triton Holding Public Company Limited (Triton) is a diversified investment holding company, with its core business in providing EPCM services and Energy related investments in Thailand. (Formerly known as ONPA International Company Limited, operating in the media business, Triton Holding Public Company Limited was founded in 1987 and is headquartered in Bangkok, Thailand.)
Triton is focused in three main business segments – Energy, Construction and Investments in Energy/Construction resources. The company holds a 84 percent stake in Strega Public Company Limited, a multi-disciplined engineering, procurement and construction management company which undertakes horizontal directional drilling contracts for oil and gas pipelines, fibre optic cables, and water and sewer pipelines works; it also supplies engineers and constructs infrastructure and commercial projects. Triton’s third business diversification is its investment arm which focuses on creating long term superior returns for shareholders through investments in construction and energy related projects with sustainable yields.
“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.
The guiding vision of Triton is to “invest for generations to come” – placing priority for the long-term prosperity of their stakeholders. The company’s pillars are founded on delivering superior investment performance, creating long term partnerships, and attracting, retaining, and developing the best professionals in order to become an employer of choice.
Since its inception the company has hit major milestones under its respective divisions. In January 2015, Strega was awarded a subcontract drilling with TESCO Engineering Company Limited of PTT Exploration and Production (PTTEP) which was valued at 65.29 million Baht. In September 2015 Triton increased its shareholding of Strega Public Company Limited from 52.63 percent to 84.2 percent. Two years later, in November 2017, the company joined Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC). In December 2016 Strega was awarded a contract worth 3.3 billion Baht for the NFPT project. Essentially, it has transformed Strega from a private HDD company with a small backlog into a construction conglomerate providing EPC services for the oil, gas and energy sector with billions in backlog. Triton’s accomplishments to date have increased its revenue from 200 million Baht to 3 billion Baht in two years with new management.
The unique structure of the holding company has helped position Triton in the forefront of Thai companies. Due to its flexibility and adaptability to change, it is able to focus on generating profitable sustainable returns, and has been able to list and spinoff their own investments. Economic challenges have been overcome by keeping the company running on a lean cost structure, debt-based and liability free. Their adaptability to market needs stems from a resourceful business development team with strong interpersonal connections.
Forecasting optimistic growth in the construction sector, the company is capitalising on government’s economic incentive programmes and is poised to take over the leadership position as Engineering, Procurement, Construction, Management (EPCM) providers to the Oil and Gas industry. Their clients are oil and gas facilities, refineries and petrochemical plants. The company is set to scale up their business over the next ten years by offering multi-discipline engineering and project management, facility upgrades, modernisation, capacity expansions to fabrication of facilities, and the installation of electrical, instrumental and equipment installations. To keep up with the demands of this development, they will be forging new partnerships and strong alliances with foreign and domestic subcontractors; improving their processes and productivity, and promoting interpersonal communication skills through staff development and training.
A promising outlook in placed on its upcoming energy investments which will act as a backbone for providing consistent sustainable returns for all stakeholders. “Another of our main concern 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.” Louise Taechaubol.
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