Company Overview

Business Description

Sector
Industrials
Industry
Construction
Headquarters
Thailand TH
Employees
16 621
IPO date
Aug 9, 1994

Italian-Thai Development PCL is one of Thailand’s large civil construction and infrastructure contractors. It builds roads, rail lines, airports, ports, dams, tunnels, mass-transit systems, and other heavy public-works projects, and it also takes on some industrial and commercial building work. The company acts as the contractor that turns government and private-sector project plans into finished infrastructure.

Its main customers are government agencies, state enterprises, and private companies that need major construction work or long-term infrastructure support. ITD makes money by bidding for projects and earning contract payments as it completes design, construction, excavation, and related engineering work. In some projects, it may also help with project development, materials handling, or other site-specific services tied to the build.

What makes ITD’s business model distinct is that it sits in the middle of very large, technically difficult projects that few firms can do well. Its work is capital-intensive, project-based, and often tied to public investment in transport and utilities, so success depends on winning big contracts, managing complex sites, and delivering work to exact specifications.

Italian Thai Development PCL Investor Relations

Address
2034/132-161 Italthai Tower, New Petchburi Road,Bangkapi, Huaykwang
Bangkok, Bangkok Metropolis
Thailand

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Construction

Italian Thai Development builds roads, rail lines, tunnels, airports, dams, power plants, and other large civil and building projects, mainly as a contractor for public and private owners.

Customers

Government agencies, state enterprises, industrial companies, property developers, and other project owners that hire the company to design and build major works.

Revenue Model

The company earns contract fees for engineering, procurement, and construction work, usually tied to project milestones and completed work.

Concessions and investments

The company also takes part in long-term infrastructure and related investment projects where it helps develop, operate, or hold interests in assets linked to construction work.

Customers

Public agencies and project partners that award or share in concession-style projects, plus end users of the underlying infrastructure.

Revenue Model

It makes money from its ownership stakes, operating rights, user-based fees, and returns from project investments.

Materials and support services

Italian Thai Development produces and supplies some construction materials and provides support activities that help its project work, such as quarrying and site-related services.

Customers

Its own construction projects and, in some cases, outside contractors that need building materials or related services.

Revenue Model

It earns money by selling materials and charging for support services used in construction projects.

Management

Mr. Pathai Chakornbundit B.A.

Senior EVP, Member of Management Board & Chairman

Biography unavailable

Mr. Premchai Karnasuta M.B.A.

President, Member of Management Board & Director

Biography unavailable

Mr. Thoranis Karnasuta

Executive VP, Acting President, Member of Management Board & Director

Biography unavailable

Ms. Nijaporn Charanachitta M.B.A.

Senior EVP, Member of Management Board & Executive Director

Biography unavailable

Mr. Peeti Karnasuta

Executive VP, Member of Management Board & Executive Director

Biography unavailable

Mr. Virat Kongmaneerat

Executive VP, Member of Management Board & Director

Biography unavailable

Ms. Waraporn Tiptipakorn

Senior VP & CFO

Biography unavailable

Mr. Tawatchai Suthiprapha

Senior EVP & Member of Management Board

Biography unavailable

Mr. Sompop Pinijchai

Executive VP & Member of Management Board

Biography unavailable

Mr. Woravudh Hiranyapaisansakul

Executive VP of Cost Control, Company Secretary & Member of Management Board

Biography unavailable

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