Bangkok Synthetics Co
Bangkok Synthetics Co (BST Group) is a Thai petrochemical manufacturer producing butadiene, styrene butadiene rubber, and nitrile butadiene latex at Map Ta Phut, Rayong, for B2B industrial buyers in tire, automotive, and latex applications.
- Company typePrivate
- Founded1991
- HeadquartersBangkok, Thailand
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Bangkok Synthetics Co does
Bangkok Synthetics Co., Ltd. (BST) is a privately held Thai petrochemical manufacturer and the lead entity of the BST Group, which also comprises BST Elastomers Co., Ltd. (BSTE) and BST ENEOS Elastomer Co., Ltd. (BEE). The group operates three integrated production facilities at Map Ta Phut industrial estate in Rayong province: a Butadiene (BD) plant (Site 1), a Styrene Butadiene Rubber (SBR) plant (Site 1), and a Nitrile Butadiene Latex (NBL) plant (Site 2). Headquartered at 1 Park Silom in Bangkok, BST sells its chemical and elastomer output on a B2B basis to industrial manufacturers in the tire, automotive parts, and latex products sectors under direct distribution arrangements. The group's stated differentiating technology is process innovation for producing high-class chemical products, supported by a state-of-the-art transportation system and maximum safety standards.
BST monetizes through direct B2B sales of three core petrochemical and elastomer product lines, with pricing not publicly disclosed. Its go-to-market is direct enterprise sales to industrial manufacturers, with products distributed from Map Ta Phut plants. Group-level corporate strategy is anchored in ESG alignment: as of 2026, BST holds an EcoVadis Gold Medal (86 points, Top 2% globally), plus Eco Factory Award, Green Industry Level 4, CSR-DIW Continuous Award, and six Green Flag environmental governance awards from Thai authorities. The group has cultivated a 23-year marine conservation partnership with Covestro (Thailand) and, in July 2026, signed an MOU with the Industrial Estate Authority of Thailand (IEAT) and 24 partner companies in Map Ta Phut to establish a Circular Economy and Industrial Symbiosis waste-resource matching system. These initiatives reflect a strategic emphasis on regulatory-leading sustainability positioning as a procurement differentiator for international customers. No public listing, venture funding, or external investor is disclosed in the source data.
Bangkok Synthetics Co firmographics
Firmographics- Name
- Bangkok Synthetics Co
- Legal name
- บริษัท กรุงเทพ ซินธิติกส์ จำกัด (Bangkok Synthetics Co., Ltd.)
- Website
- https://bst.co.th
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Bangkok Synthetics Co (BST Group) is a Thai petrochemical manufacturer producing butadiene, styrene butadiene rubber, and nitrile butadiene latex at Map Ta Phut, Rayong, for B2B industrial buyers in tire, automotive, and latex applications.
- Ownership category
- akta.pro rank
Bangkok Synthetics Co industry classification
Industry- Product category
- Petrochemical Manufacturing
- NAICS
- Synthetic Rubber Manufacturing (325212), Resin and Synthetic Rubber Manufacturing (32521), Petrochemical Manufacturing (32511)
- SIC
- Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Industrial Organic Chemicals (2860)
- akta.pro primary industry
- Elastomers & Synthetic Rubber Polymer Manufacturing (SBR, BR, NBR, EPDM, Silicone base polymers) (IMANAAAD)
- akta.pro secondary industries
- Synthetic Rubber & Elastomer Feedstocks (SBR, BR, NBR, EPDM) (IMAEADAJ), Styrenics & Specialty Copolymers Manufacturing (ABS, SAN, ASA, SBS/SIS) (IMANAAAE)
Keywords
Where Bangkok Synthetics Co is headquartered
LocationHeadquarters
- HQ city
- Bangkok
- HQ country
- Thailand
- HQ region
- Asia
Offices4 records
Markets served
Bangkok Synthetics Co business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D
Distribution channels1 record
Marketing channels3 records
Bangkok Synthetics Co product offering
Product offeringCore offering
Bangkok Synthetics Co., Ltd. manufactures and sells petrochemical and elastomer products, principally Butadiene (BD), Styrene Butadiene Rubber (SBR), and Nitrile Butadiene Latex (NBL), from its Map Ta Phut industrial estate plants in Rayong, Thailand. These products are supplied as raw materials to industrial manufacturers in the tire, automotive parts, latex goods, and broader chemical industries. The group operates BST Elastomers Co., Ltd. (BSTE) and BST ENEOS Elastomer Co., Ltd. (BEE) as wholly-owned subsidiaries for elastomer production.
Product overview
Bangkok Synthetics Co., Ltd. (BST) and its group of companies operate as integrated petrochemical and elastomer manufacturers. The product portfolio centers on three core product lines: Butadiene (BD), Styrene Butadiene Rubber (SBR), and Nitrile Butadiene Latex (NBL). BST Group consists of Bangkok Synthetics Co., Ltd. (BST) for petrochemical production including the Butadiene Plant at Site 1, BST Elastomers Co., Ltd. (BSTE) for elastomer production including the SBR Plant at Site 1, and BST ENEOS Elastomer Co., Ltd. (BEE) as an additional subsidiary. All manufacturing facilities are located in the Map Ta Phut industrial zone, Rayong Province, Thailand, with operations spanning extraction, processing, and distribution of industrial petrochemical products.
Differentiator
Problem solved
Functional benefit
Products and services
- Butadiene (BD) Butadiene is a basic petrochemical product manufactured at BST's Butadiene Plant (Site 1) in Map Ta Phut, Rayong, Thailand, supplied as a raw material to downstream petrochemical and synthetic rubber producers.
- Styrene Butadiene Rubber (SBR) Styrene Butadiene Rubber (SBR) is an elastomer product manufactured at BST's SBR Plant (Site 1) in Map Ta Phut, Rayong, Thailand, supplied to tire makers, automotive parts manufacturers, and other industrial users of synthetic rubber.
- Nitrile Butadiene Latex (NBL) Nitrile Butadiene Latex (NBL) is an elastomer product manufactured at BST's NBL Plant (Site 2) in Map Ta Phut, Rayong, Thailand, supplied as a raw material for latex product manufacturers including gloves and industrial latex goods.
Quantifiable outcome
- Achieved EcoVadis score of 86 points, ranking in Top 2% globally
Companies that use Bangkok Synthetics Co
Customer profileSegments1 record
Ideal customer profiles1 record
Bangkok Synthetics Co technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Bangkok Synthetics Co partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- การนิคมอุตสาหกรรมแห่งประเทศไทย (กนอ.) - Industrial Estate Authority of Thailand (IEAT)coreMOU partnership for 'Circular Economy and Industrial Symbiosis' within Map Ta Phut Industrial Complex. BST joined with 24 companies to develop a Close Loop resource management system for waste materials. The partnership aims to create a resource matching system between factories and develop a waste material database to maximize resource utilization and reduce environmental impact.
- 24 Partner Companies in Map Ta Phut Industrial ComplexminorCollaborative network of 24 companies within the Map Ta Phut Industrial Complex participating in Circular Economy and Industrial Symbiosis initiatives for sustainable resource management.
- โคเวสโตร (ประเทศไทย) จำกัด - Covestro (Thailand) Co., Ltd.coreJoint fish stocking activity to restore marine ecosystems and coastal resources in Rayong province. This marks the 23rd consecutive year of marine conservation collaboration between BST and Covestro with industrial group partners in the Map Ta Phut area.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Bangkok Synthetics Co competitors and assessment
Company assessmentDirect peers
- Versalis (Eni): Versalis is Eni's chemicals subsidiary producing SBR, NBR, EPDM, and other elastomers. As an integrated petrochemical-to-elastomer producer, it is closely comparable to BST's BD-to-SBR/NBL integration model.
- TSRC Corporation: TSRC is a Taiwanese producer of SBR, BR, NBR, and TPE serving global tire and industrial rubber markets. It is a comparable Asian synthetic rubber manufacturer competing with BST in regional and export channels.
- Synthos: Synthos is one of Europe's largest producers of synthetic rubber (SBR, NBR, BR) and latex. It serves the same automotive and industrial rubber markets as BST and competes directly in commodity and specialty elastomers.
- Trinseo: Trinseo is a global materials company producing SBR, latex, and plastics. It directly competes with BST in synthetic rubber and latex serving tire, automotive, and industrial customers.
- Arlanxeo: Arlanxeo is a leading synthetic rubber producer (originally a Lanxess/Saudi Aramco JV) offering SBR, NBR, BR, and EPDM grades serving tire and industrial rubber customers globally, directly overlapping BST's product portfolio.
- Kumho Petrochemical: Kumho Petrochemical is a major Korean producer of SBR, BR, and NBR synthetic rubber. It is one of Asia's largest elastomer manufacturers and directly competes with BST for tire and industrial rubber customers in the region.
Broad incumbents
- LG Chem: LG Chem is a Korean petrochemical conglomerate producing synthetic rubber (NBR, SBR, EPDM) alongside a much broader chemicals/materials portfolio. It competes with BST as a larger Asian incumbent in elastomers.
- ENEOS: ENEOS is a Japanese petroleum and petrochemical major and BST's JV partner in BST ENEOS Elastomer. It produces a broad portfolio of petrochemicals and elastomers, making it both a partner and a larger incumbent in the same value chain.
- Reliance Industries (Reliance Polymers): Reliance Industries operates one of the world's largest integrated petrochemical complexes, producing butadiene and synthetic rubber alongside a broad polymer portfolio. It is a global scale incumbent in the same upstream BD/elastomer value chain.
Regional players
- PetroVietnam Rubber (VRG/Vinatex ecosystem): PetroVietnam-related companies operate synthetic rubber and latex production in Vietnam, a Southeast Asian market served by BST. They are regional competitors in SBR and NBR latex serving ASEAN tire and glove manufacturers.
Market position
Strengths4 records
Weaknesses3 records
Competitive moat5 records
Key risks4 records
Key highlights6 records
Customer concentration
Bangkok Synthetics Co social profiles
Digital presenceBangkok Synthetics Co compliance and trust
Trust signalCompliance4 records
Bangkok Synthetics Co financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bangkok Synthetics Co leadership team
Management profileNumber of profiles
Profiles7 records
Bangkok Synthetics Co subsidiaries and ownership
Company hierarchySubsidiaries2 records
Bangkok Synthetics Co funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bangkok Synthetics Co M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bangkok Synthetics Co
What does Bangkok Synthetics Co do?
Bangkok Synthetics Co., Ltd. manufactures and sells petrochemical and elastomer products, principally Butadiene (BD), Styrene Butadiene Rubber (SBR), and Nitrile Butadiene Latex (NBL), from its Map Ta Phut industrial estate plants in Rayong, Thailand. These products are supplied as raw materials to industrial manufacturers in the tire, automotive parts, latex goods, and broader chemical industries. The group operates BST Elastomers Co., Ltd. (BSTE) and BST ENEOS Elastomer Co., Ltd. (BEE) as wholly-owned subsidiaries for elastomer production.
Is Bangkok Synthetics Co a public or private company?
Bangkok Synthetics Co is a private company. It is classified as unknown and is currently operating.
When was Bangkok Synthetics Co founded?
Bangkok Synthetics Co was founded in 1991. It employs 501 to 1,000 people.
Where is Bangkok Synthetics Co based?
Bangkok Synthetics Co is headquartered in Bangkok, Thailand, in the Asia region.
Who are Bangkok Synthetics Co's main competitors?
Direct peers on record are Versalis (Eni), TSRC Corporation, Synthos, Trinseo, Arlanxeo and Kumho Petrochemical. Broad incumbents are LG Chem, ENEOS and Reliance Industries (Reliance Polymers). PetroVietnam Rubber (VRG/Vinatex ecosystem) is listed as a regional player.
Does Bangkok Synthetics Co have an API?
No public API is recorded for Bangkok Synthetics Co.
What industry is Bangkok Synthetics Co in?
Bangkok Synthetics Co's product category is Petrochemical Manufacturing. Its primary akta.pro industry code is IMANAAAD, Elastomers & Synthetic Rubber Polymer Manufacturing (SBR, BR, NBR, EPDM, Silicone base polymers), with a secondary code of IMAEADAJ, Synthetic Rubber & Elastomer Feedstocks (SBR, BR, NBR, EPDM). Its NAICS code is 325212 and its SIC code is 2821.