31 years ago in experience
Vision
SOLUTIONS EXCELLENCE
mission
Values
F – Fast products delivery, Services and supply.
A – Cultivate Continuous Action to create business continuity by building confidence and honesty to all stakeholders.
S – Synergy building for strategic partnership and collaboration.
T – Technology development, knowledge and other skills.
achievement
SE emphasizes sustainable and stable operations, societal care, and environmental responsibility. It involves transparent disclosure in governance, directness, and development. This includes sourcing new innovations to create value for employees and customers alike, fostering mutual benefit for all stakeholders.
Good corporate governance
SE prioritizes key missions in fostering transparent and value-creating management, striving for excellence within the industry for the benefit of all stakeholders.
Report any acts of corruption.
To promote participation in the corporate governance process for both internal and external stakeholders, employees and stakeholders are encouraged to inquire, report suspicions, or lodge complaints regarding any suspected violations or non-compliance with laws, regulations, ethical standards, or corporate governance policies. They can provide details and evidence related to misconduct by individuals or related entities to the company.
Complaint about personal data breach.
If you observe actions that violate the Personal Data Protection Act (PDPA), you can report such actions that may contravene ethical principles and corporate governance standards through the channels provided by the company.
Get to know SE
Milestones of success. We take immense pride in our journey and the unwavering dedication of our team that has propelled us to where we stand today.
1993
Company establishment
2015
ISO 9001:2008
2017
Converted to a public company and changed its name to Siam East Solutions Public Company Limited
2018
Acquisition of Utility Business Alliance Co., Ltd. (UBA)
2021
Established OKS Group Holding Co., Ltd. (OKS) (Subsidiary) 99.99% of the registered capital, increased registered capital and acquisitions. Kessel (Thailand) Co., Ltd. (KST) (Subsidiary) Shares of 92.28% of the registered capital, purchase of new shares of Utility Business Company Limited Alliance Co., Ltd. (UBA) (Associate company) in proportion to 40% of the newly issued shares.
2022
Increased the registered capital of OKS Group Holding Co., Ltd. (OKS) (Subsidiary) to 10 million baht. To increase financial liquidity in investment and Business Development, Utility Business Company Alliance Co., Ltd. (UBA) (Associate company) transformed into a public company.
2023
Increase the Utilities and Energy (UP) product line, focusing on developing innovation for sustainability.
2024
Moved from mai securities to traded on the Stock Exchange of Thailand (SET) to increase business expansion opportunities and increase value towards stability and sustainability.
Significant Changes and Developments in Thailand's Business Landscape
August 1993
Company Siam Ratchathani (Eastern) Limited was established with a registered capital of 2 million baht. The company's objectives were to procure and distribute industrial products in three product groups: pump system products, production process management products, and pipe system products. The company focused on customers in Rayong province and neighboring provinces in the eastern region of Thailand.
October 2001
The company increased its registered capital from 2 million baht to 5 million baht to serve as working capital for business operations.
January 2009
The company opened a Bangkok office with the objective of presenting and distributing industrial products in all three product groups: pump system products, production process management products, and innovative material products. This expansion aimed to reach customers in the Bangkok metropolitan area, suburbs, and other provinces, covering all regions of Thailand and providing opportunities to distribute industrial products to customers abroad.
August 2015
The company achieved ISO 9001:2008 certification, affirming quality in design, distribution, assembly, installation, and after-sales service for industrial products used in manufacturing processes and maintenance works. These products include water and fluid pumps, piping systems, and consumable materials.
December 2015
The company received ISO 9001:2008 certification, a quality management system standard. The certification signifies the company's adherence to quality management practices at an international level.
March 2016
The company transformed into a public company and changed its name to Siam East Solution Public Company Limited. Additionally, the company adjusted the par value of its ordinary shares from 100.00 baht per share to 0.50 baht per share. The registered capital was increased from 90 million baht to 120 million baht by issuing 60,000,000 new ordinary shares at a par value of 0.50 baht per share. This marked the company's first public offering of ordinary shares to the general public.
February 2017
February 9th, 2017The company proceeded with the registration of additional paid-up capital, increasing it from 90,000,000 baht to 120,000,000 baht. The company allocated 60,000,000 new ordinary shares at a par value of 0.50 baht per share for sale to the general public. The offering price for the general public was set at 2.45 baht per share. This amounted to 147,000,000 baht. February 14th, 2017 The trading of shares commenced.แรก
2018
▪ Opened the Engineering Service Center Building to support expansion.
▪ Acquisition and transfer of business Utility Business Alliance Co., Ltd. with 40% of registered capital.
▪ Awarded ISO9001:2015 certification by TÜVRheinland, recognizing quality standards in the procurement and distribution of assembly services, installation work, and after-sales services for various industrial products such as pumps, valves, pipes, and consumables.
2019
▪ Opened an office in Songkhla to expand the customer base into the southern region.
2021
▪ Increased the registered capital of the company from 120 million baht to a total of 312 million baht.
▪ purchased 73,826 shares or 92.28% of the Company. Kessel (Thailand) Ltd.
▪ The Company holds 99,997 shares or 99.997% of OKS Group Holding Company Limited.
▪ Purchased additional shares to maintain 40% of existing shareholders of Utility Business Co., Ltd. Alliance Limited from 1.6 million shares. Increase to 8.6 million shares
▪ Certified ISO9001:2015 by Bureau Veritas in terms of Sales & Supply, Design, Assembly, Installation and after sales service for industrial equipment system such as Pumps, Valves, Pipes and Consumable products.
2022
▪ The Company paid dividends for the year 2021 to shareholders at the rate of Baht 0.50 per share, totaling Baht 15.60 million. The dividend will be paid on May 20, 2022.
▪ Utility Business Alliance Company Limited transformed into a public company and changed its name to Utility Business Alliance Public Company Limited (Associate company)
▪ Utility Business Alliance Public Company Limited (“UBA”) an associated company, listed and commenced trading in MAI under the Services Group in the amount of 170 million shares. As a result, the number of registered shares and the number of issued and paid-up shares increased from 430.00 million shares to 600.00 million shares. As a result, the Company's shareholding increased from 40% to 28.67%.
▪ OKS Group Holding Company Limited (Subsidiary company) increased the registered capital of the Company by 9 million baht. The Company issued 900,000 newly issued ordinary shares. The share value was 10 baht from the original registered capital of 1 million baht to 10 million baht.
2023
▪ Increased its registered capital to 12,133,120 Baht. From registered capital of Baht 327,594,259.50 to Baht 339,727,380 by issuing 24,266,241 new ordinary shares Value 0.50 Baht per share
▪ The Company paid dividends in the form of ordinary shares to shareholders at the rate of Baht 0.50 per share, totaling 24,261,814 shares 12.13 million baht
▪ The Company paid cash dividends to shareholders at the rate of Baht 0.04 per share, totaling 655,188,519 shares 26.20 million baht.
▪ Utility Business Alliance Public Company Limited (UBA) The associated company paid dividends at the rate of Baht 0.459 per share, amounting to Baht 27.54 million. The Company holds 171,999,800 UBA shares (28.67%) and received dividends of 7.89 million baht.
2024
On May 27th, 2024, Moved from mai securities to traded on the Stock Exchange of Thailand (SET) to increase business expansion opportunities and increase value towards stability and sustainability.
Company history.
SiamEast Solutions Company Limited (Public Company) (“the Company” or “SE”) (formerly known as “Siam Rajathanee (Eastern) Limited”) was established on August 13, 1993 with an initial registered capital of 2.00 million baht. The company’s main objective was to procure and distribute industrial products in the categories of pump systems covering various applications including water, liquids, slurries, and related equipment to industrial factories in Rayong province and nearby provinces in the eastern region of Thailand.
The company started its operations in 1984 under the name Engineering Products Limited (“Engineering Products”) with the aim of providing engineering design services and distributing industrial pump systems and associated equipment to industrial factories. The company’s expansion was driven by the economic growth following the government’s strategies, particularly in the Eastern Seaboard project in the eastern region of Thailand, which is considered a strategic area for transportation and industrial investment. This resulted in a significant increase in the number of industrial factories in the Map Ta Phut Industrial Estate, Rayong province. Due to this growth, in 1993 , the management decided to separate the business operations from Engineering Products and establish Siam Rajathanee (Eastern) Limited, with the main objective of procuring and distributing industrial products to industrial factories.
The company focused on the primary customer group consisting of industrial factories located in various industrial estates in Rayong province and nearby provinces in the eastern region of Thailand. With good relationships and access to customers, the company expanded its product procurement and distribution to include products in the categories of process management and piping systems, as well as innovative materials and related services to meet the diverse needs of industrial factories.
With the vision of expanding the procurement and distribution of industrial products and services to cover customers in all industries nationwide, in 2009, the company opened an office in Bangkok and expanded its sales engineering team to offer and distribute products in all three product groups to customers in Bangkok metropolitan area, suburbs, and regions across Thailand, as well as opportunities to export industrial products to customers abroad.
The company operates under the concept of being an Industrial Equipment Solution Provider, meaning that it is a comprehensive provider of industrial products and services. This includes quality product selection, presenting alternatives and new innovations, and providing sincere service to ensure maximum customer satisfaction. Additionally, the company offers engineering services related to industrial products, after-sales service, and maintenance services to increase operational efficiency and extend the lifespan of products.
On March 18, 2016, the company transformed into a public company and changed its name to Siam East Solutions Company Limited (Public Company), with a registered capital of 120,000,000 baht, consisting of 240,000,000 ordinary shares with a par value of 0.50 baht per share. Of this, 90,000,000 baht has been paid for the remaining ordinary shares. The company issued an additional 60,000,000 ordinary shares to support its initial public offering (IPO) at a price of 2.45 baht per share, amounting to 147,000,000 baht. Trading commenced on February 14, 2017.
Currently, the company has a registered capital of 339,727,380 baht, with 339,725,166.50 baht paid-up capital. This is divided into 679,454,760 ordinary shares with a par value of 0.50 baht per share. The company procures and distributes industrial products and related services to industrial factories, which are categorized into six product groups: Pumping System Technology Division, Process and Piping Solution Division, Innovative Material Division, Medical Supplies Division, Service Business Division, and Utilities & Power Division. The company operates based on its vision (Solutions Excellence) and core values (FAST), emphasizing the expansion of integrated supply business, customer-managed inventory, vendor-managed inventory, preventive maintenance contracts, and energy optimization using new technologies provided by suppliers, such as insulation and Internet of Things (IoT).
Nature of Business Operations
SiamEast Solutions Co., Ltd. (Public) or “SE” is a company that provides industrial products and related services to industrial factories. Currently, it is divided into 5 product divisions:
- Pumping System Technology Division
- Process and Piping Solution Division
- Innovative Material Division
- Service Business Division
- Utilities & Power Division
The business is guided by its vision and values, emphasizing on expanding the business in terms of customer management, inventory management, and product delivery according to customer needs. Additionally, the company focuses on preventive maintenance contracts and energy efficiency optimization using insulation, Internet of Things (IoT), and new technologies from suppliers.
Currently, SE has three joint venture companies:
1. OKS Group Holding Company Limited
Established for investment purposes, holding shares in other companies primarily to enhance efficiency in operations or explore new businesses.
2. Kessel (Thailand) Company Limited
A manufacturer, distributor, and installer of pipes, valves, and other specialized equipment resistant to chemical corrosion and heat for industrial product piping systems. Kessel products are sold under the Resistoflex trademark, patented by Crane Co., listed on the NYSE in the United States. Kessel (Thailand) is the sole manufacturer and distributor of these products in Thailand. Additionally, they distribute valves under the XOMOX trademark and other equipment from DE DIETRICH Glass Lining.
3. Utility Business Alliance Public Company Limited
A leading company in water and environmental management in Thailand, serving both government (85%) and private (15%) sectors. UBA helps SE expand its customer base in the government sector. Currently, UBA treats over 600,000 cubic meters of wastewater per day.
