31 years ago in experience
Vision
Solution Excellence providing industry excellence for all stakeholders.
mission
Emphasis on providing efficient, fast delivery products and services.
Create investment opportunities to help
add value to shareholders, customers and employees.
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.
Purpose
Delivering the Best Solutions to Industries for a Sustainable Future
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
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
Company History
1993
August
Siam Rathani (East) Co., Ltd. was established with a registered capital of 2 million baht to supply and distribute industrial products in 3 product groups: pump systems, process management and pipe systems, and innovative materials. Focusing on customers in Rayong Province and the eastern region of Thailand
2001
October
The company increased its registered capital from 2 million baht to 5 million baht to be used as working capital for the business.
2009
January
The company opened an office in Bangkok. To expand the market for industrial products in all 3 product groups to Bangkok, its vicinity, and other provinces nationwide, including opportunities to expand abroad.
2015
August
The company has received ISO 9001:2008 certification for design, distribution, assembly, installation, and after-sales service for industrial products such as water and liquid pumps, pipe systems, and consumables.
December
The company has received ISO 9001:2008 certification, which is an international quality management system.
2016
March
The company has transformed into a public company. And changed the name to Siam East Solution Public Company Limited, along with changing the par value of common shares from 100.00 baht to 0.50 baht and increasing the registered capital from 90 million baht to 120 million baht by issuing 60,000,000 new common shares for offering to the general public (IPO).
2017
February
9 February: The company registered an increase in paid-up capital from 90,000,000 baht to 120,000,000 baht and offered to sell 60,000,000 additional common shares at a price of 2.45 baht per share, totaling 147,000,000 baht.
14 February: Started trading shares for the first time (First Trading Day).
2018
Opened the Engineering Service Center Building to support the expansion of the acquisition and transfer of the business of Utility Business Alliance Co., Ltd. with a proportion of 40 percent of the registered capital. Received ISO9001:2015 standards from TUV Rheinland, certifying the quality in sales and procurement, assembly services, installation services and after-sales service for products for various industries such as pumps, valves, pipes and consumables.
2019
The company opened the Songkhla office. To expand the customer base to the South
2021
▪ Increase the company's registered capital from 120 million baht to 312 million baht
▪ The company purchased 73,826 shares, representing 92.28 percent of Kessel (Thailand) Co., Ltd.
▪ The company holds 99,997 shares, representing 99.997 percent of OKS Group Holding Co., Ltd.
▪ Purchase additional shares to maintain a 40 percent stake in the existing shareholders of Utility Business Alliance Co., Ltd. from 1.6 million shares to 8.6 million shares
▪ Received ISO9001:2015 from Bureau Veritas, certifying quality in Sales & Supply, Design, Assembly, Installation and after-sales service for industrial equipment systems such as pumps, valves, pipes and consumable products.
2022
▪ The company paid an annual dividend for 2021 to shareholders at the rate of 0.50 baht per share, totaling 15.60 million baht, to be paid on May 20, 2022.
▪ Utility Business Alliance Co., Ltd. has been transformed into a public company. And changed the company name to Utility Business Alliance Public Company Limited (Associate Company)
▪ Utility Business Alliance Public Company Limited ("UBA"), an associate company, listed and started trading on MAI under the Service Group, with 170 million shares, resulting in an increase in the number of registered shares and the number of issued and paid-up shares from 430.00 million shares to 600.00 million shares, resulting in the Company's shareholding proportion from 40 percent to 28.67 percent.
▪ OKS Group Holding Company Limited (subsidiary) increased the Company's registered capital by 9 million baht by issuing 900,000 additional ordinary shares at a par value of 10 baht per share, from the original registered capital of 1 million baht to 10 million baht.
2566
▪ The Company increased its registered capital by 12,133,120 baht from the registered capital 327,594,259.50 baht to 339,727,380 baht by issuing 24,266,241 additional common shares at a par value of 0.50 baht per share.
▪ The company paid dividends in the form of common shares to shareholders at a rate of 0.50 baht per share, totaling 24,261,814 shares, totaling 12.13 million baht.
▪ The company paid dividends in cash to shareholders at a rate of 0.04 baht per share, totaling 655,188,519 shares, totaling 26.20 million baht.
▪ Utility Business Alliance Public Company Limited (UBA), a joint dividend paying company At a rate of 0.459 baht per share, totaling 27.54 million baht, the Company holds 171,999,800 UBA shares (28.67%) and received a dividend of 7.89 million baht.
2024
May 27, 2022 Move from mai securities to trade on the Stock Exchange of Thailand (SET) Increase opportunities to expand the business, increase value to stability and sustainability.
Company history.
Siam East Solution Public Company Limited or “SE” is a company that provides and distributes industrial products and provides various services related to industrial factories, which are currently divided into 5 product groups:
- Product and Technology GroupPumping System
(Pumping System Technology Division) - Product Management Group, Production Process andPipe System
(Process and Piping Solution Division) - Product GroupInnovative Material Division
- Product GroupService Business Division
- And Utilities & Power Division
It will do business according to its vision and values and focus on expanding its business in terms of management or bidding with customers, managing customer inventory or stocking products for customers and delivering products according to customer needs, inventory managers or inventory management.
In addition, the company also focuses on preventive maintenance contracts and energy efficiency enhancement by using insulation, Internet of Things (IoT), and new technologies from suppliers.
Nature of Business Operations
SiamEast Solutions Public Company Limited, or “SE,” is a supplier of industrial products and services for manufacturing plants, currently categorized into five product divisions:
- Pumping System Technology Division
- Process and Piping Solution Division
- Innovative Material Division
- Service Business Division
- Utilities & Power Division
The company operates based on its vision and core values, with a strong focus on business expansion through customer pricing strategies, inventory management, and stock storage solutions. SE ensures efficient product delivery based on customer demands and provides comprehensive inventory management services.
Additionally, the company emphasizes preventive maintenance contracts and energy efficiency improvements through thermal insulation, IoT-connected devices, and advanced technologies from its suppliers.
The Company has 4 affiliated companies and subsidiaries as follows:
1. OKS Group Holding Company Limited
Established for investment, mainly holding shares in other companies and can help companies in the group to increase their efficiency in their work or new businesses.
2.Kessel (Thailand) Company Limited
Manufacturer, distributor and installation service provider for pipes, valves or other equipment with special properties, resistant to chemical corrosion and heat for industrial plants.
Kessel’s pipe products are distributed under the trademark Resistoflex, patented by Crane Co. Group, which is listed on the NYSE in the United States.
Kessel (Thailand) is the sole manufacturer and distributor in Thailand. In addition, there is a group of valve products. Under the trademark XOMOX and other equipment of DE DIETRICH Glass Lining
3. Utility Business Alliance Public Company Limited
It is a leading company in Thailand that operates water and environmental management business, focusing on 85% of government customers and 15% of private customers. UBA can help SE expand its government customer base. At present, UBA treats more than 600,000 cubic meters of wastewater per day.
4. Lumi Solar Company Limited
Investor to develop solar farm projects
Shareholding Structure of the Group of Companies
Business Strategy
- 1. Drive revenue growth and enhance the competitiveness of all five product divisions to prepare for the industrial sector.
- 2. Focus on creating opportunities and competitiveness in large-scale projects to support customers' new investments and generate high-value revenue for the company.
- 3. Build networks through sales offices or partnerships to expand and distribute the customer base across different regions of Thailand.
- 4. Develop IT systems into an Enterprise Resource Planning (ERP) system to enhance competitiveness and support future expansion.
- 5. Improve internal systems and develop personnel through succession planning and continuous knowledge enhancement for all employees.
- 6. Source new products and partners to create more sales opportunities and expand the customer base with greater diversity.
- 7. Adapt the business model and explore new investment opportunities, such as mergers and acquisitions, to enhance competitiveness and drive sustainable growth in both sales and profitability.
