Chai Watana Tannery Group PCL

SET:CWT

Business Description

Sector

Consumer Discretionary

Industry

Textiles, Apparel & Luxury Goods

Headquarters

Thailand TH

Employees

893

IPO date

Apr 29, 1991

Chai Watana Tannery Group is a Thai leather maker that turns animal hides into finished leather and related materials. Its core business is tanning and finishing leather for use in shoes, bags, belts, upholstery, and other products that need durable surface material. The company sits in the middle of the leather supply chain: it buys raw hides, processes them into usable leather, and sells that output to manufacturers and brand owners.

Its main customers are factories and traders that need leather for consumer goods and industrial use, especially in footwear, fashion accessories, and furniture. The company makes money by selling processed leather in different grades, finishes, and specifications depending on the end use. Because leather quality depends on treatment, consistency, and customization, the business is built around converting a commodity input into a more specialized material that customers can actually use in production.

What makes this business different is that it is not a simple retailer or brand owner; it is a processing business with technical know-how, environmental controls, and close ties to upstream livestock by-products and downstream manufacturers. That means its value comes from managing an industrial process well, meeting customer specifications, and turning raw material into a finished input that other companies rely on to make their own products.