S.K. Polymer Co.

What S.K. Polymer Co. does

S.K. Polymer Co., Ltd. is a Thailand-based, family-owned (Suwanpimolkul) manufacturer of molded rubber and plastic components founded in 1991 and headquartered in Bangkok, operating under the Grand SK Corporation (GSK Group) umbrella. The company runs a three-mode business: OEM manufacturing of custom rubber parts for global Tier 1 customers, ODM product design under the Polymate and Aromdee brands, and OBM sales under SKP Brand (traffic control), NaturaPlas (sustainable TPNR products), and ReServ. Core technology spans compression, injection, transfer, and Liquid Silicone Rubber (LSR) injection molding, in-house compound formulation with thousands of recipes, in-house mold design, and proprietary IP such as TPNR (Thermoplastic Natural Rubber, co-developed with PSU) and Thailand's first Platform Gap Filler.

The company serves eight horizontal industry segments — automotive (Tier 2 supplier to Toyota and Honda), electrical and electronic appliances, pharmaceutical and medical devices (ISO 13485 certified, including the new Artevia Innovation silicone implant JV), food and beverage, cosmetic packaging, railway systems, piping, and traffic control — with approximately 25% of revenue from exports to the USA, Europe, Asia, and ASEAN. Disclosed revenue is ~730 million THB (~$20M USD) prior to 2023, against a stated 30% growth target and current production capacity of 8,000 tons per year, scaling to 12,000 tons after a planned consolidated 37-rai factory in Bang Khun Thian (≈300M THB capex) and a future Vietnam facility.

S.K. Polymer is preparing for an IPO on the Stock Exchange of Thailand to fund expansion, while actively building a national R&D ecosystem through MOUs with Chulalongkorn University, PSU, Mahidol, and Thai Tech. Its go-to-market is sales-led through direct enterprise relationships augmented by trade-show presence (SUBCON Thailand, Asia Pacific Rail, Bangkok E&E, Architect Expo), a B2B online RFQ system, and a small DTC channel via polymateshop.com and reserve-co.com. Distribution breadth is supplemented by a channel partnership with PTT Oil and Retail Business for rubber wheel stoppers and government customer references including Airport Rail Link Thailand, Utah Transit Authority, and a Norway transit authority.

Name

S.K. Polymer Co.

Legal name

S.K. Polymer Co., Ltd.

Website

https://skpolymer.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

501–1,000 employees

Short description

S.K. Polymer Co., Ltd. is a Thailand-based, ISO-certified OEM/ODM/OBM manufacturer of molded rubber and plastic components supplying automotive, electrical, medical, railway, and industrial customers globally.

Ownership category

akta.pro rank

Product category

Industrial Rubber and Plastic Components Manufacturing

NAICS

All Other Rubber Product Manufacturing (326299), All Other Plastics Product Manufacturing (326199), Synthetic Rubber Manufacturing (325212)

SIC

Fabricated Rubber Products, Nec (3060), Miscellaneous Plastics Products (3080)

akta.pro primary industry

Custom Injection Molding & Contract Manufacturing (Job Shops/CMs) (IMANAFAJ)

akta.pro secondary industries

Food-Grade, Medical & Cleanroom Rubber Compounds (IMANAJAH), Consumer Products Injection Molding (Housewares, Toys, Personal Care) (IMANAFAE)

Keywords

• Molded rubber parts
• Polymer components manufacturing
• OEM rubber manufacturing
• Medical device components
• Automotive rubber parts

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. OEM Polymer Products Manufacturing: Manufacturing of rubber and plastic parts for automotive, electrical appliances, electronic equipment, pharmaceutical/medical devices, and other industries under OEM arrangements with global customers
2. ODM Polymer Products: Custom design and manufacturing services under Polymate brand for houseware, office accessories, kitchen products, and lifestyle items with design-for-identity services
3. OBM Polymer Products: Own-brand products including traffic control systems (speed bumps, wheel stoppers), railway components, and NaturaPlas sustainable products sold under SKP brand
4. Silicone Implants: Medical-grade silicone implants for cosmetic surgery, including new joint venture Artevia Innovation for facial silicone implants

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

S.K. Polymer Co., Ltd. is a Thailand-based manufacturer of molded rubber and plastic components for industrial and OEM applications, producing engineered parts for the automotive, electrical/electronic appliance, pharmaceutical and medical device, food and beverage, railway, traffic control, cosmetic packaging, and piping industries. Operating under OEM, ODM, and OBM models with sub-brands Polymate, NaturaPlas, SKP, and ReServ, the company delivers custom compound formulation, mold design, precision molding, and finished products to enterprise customers globally.

Product overview

S.K. Polymer Co. is a Thailand-based manufacturer of molded rubber and plastic components serving multiple industries. The company operates three business models: OEM Polymer Products (custom rubber parts for automotive, electrical appliances, electronics, medical devices, food-contact, and other industries), ODM Products under Polymate/Aromdee brands (houseware, office accessories, and lifestyle products with custom design services), and OBM Products under NaturaPlas and ReServ brands (sustainable eco-friendly products). Core offerings include automotive rubber parts, electronic/electrical components, pharmaceutical & medical devices, railway infrastructure products (Platform Gap Fillers, Level Crossings), traffic control systems (Speed Bumps, Wheel Stoppers), cosmetic packaging, piping industry components, and silicone implants. The company also produces engineered components like seals, O-rings, gaskets, and specialized molded parts. Recently launched Artevia Innovation joint venture for facial silicone implants.

Differentiator

Problem solved

Functional benefit

Brands

• Polymate: ODM brand for houseware, office accessories, kitchen & tabletop, child safety products, and corporate premium/promotional items (custom design for corporate identity).
• NaturaPlas
• SKP Brand
• ReServ
• Artevia Innovation

Products and services

• Automotive Rubber Parts Molded rubber components for automotive and motorcycle OEMs, including seals, gaskets, bushings, vibration components, and interior parts, supplied to global automotive manufacturers such as Toyota and Honda as a Tier 2 supplier under IATF 16949:2016 certification.
• Electronic and Electrical Rubber Parts Rubber components for electronics and electrical appliances, including seals, grommets, vibration reducers, exhaust ducts, door packings, motor rubber grommets, and O-rings for washing machines, air conditioners, refrigerators, printers, and consumer devices.
• Pharmaceutical and Medical Devices Rubber Parts Medical-grade and pharmaceutical-grade rubber parts, including components for IV sets, blood collection tube caps, infusion line connectors, and vaccine stoppers, manufactured in ISO 13485:2016 certified clean rooms (Class 100,000 molding, Class 10,000 treatment, Class 100 packing) compliant with ISO 8871 and ISO 10993.
• Food and Beverage Rubber Parts Food-contact rubber parts compliant with EN-1186 and US FDA 21 CFR 177.2600, including rubber picking fingers for poultry processing equipment and components for food processing machinery.
• Railway System Rubber Products Railway infrastructure rubber components including Platform Gap Fillers (PGF), rubber level crossings, strap hangers, rail pads, and rubber flooring for trains and stations. Platform Gap Filler was designed via Finite Element Analysis (FEA) with a load capacity of 200 kg/cm² as Thailand's first such product.
• Traffic Control System Rubber Products Rubber traffic safety products under the SKP Brand, including rubber speed bumps, rubber wheel stoppers, and traffic cones made from Thai natural rubber for parking lots, roads, and fuel stations.
• Cosmetic Packaging Rubber Components Rubber droppers and sealing components for cosmetic packaging, manufactured from NBR material to reduce gas permeability and liquid evaporation rates for cosmetic industry customers.
• Piping Industry Rubber Components Rubber components for water supply and pipe networks, including gaskets meeting MWA and PWA standards, Gibult rubber for PVC and AC pipes, and rubber rings for pipe sealing.
• Silicone Implants (Artevia Innovation) Medical-grade silicone implants for facial cosmetic surgery (initial product: nose silicone implants), developed and manufactured through the Artevia Innovation joint venture between S.K. Polymer and Mesthetics clinic, for distribution to aesthetic surgery clinics and hospitals in Thailand and international markets.
• NaturaPlas Sustainable Products Eco-friendly product line built on TPNR (Thermoplastic Natural Rubber) technology co-developed with Prince of Songkla University (PSU), offering recyclable, rattan-like natural rubber materials for furniture and lifestyle products under the NaturaPlas brand.
• Polymate and Aromdee ODM Lifestyle Products ODM/OBM lifestyle and household products under the Polymate and Aromdee brands, including houseware, office accessories, kitchen products, child safety products, and corporate premium and promotional items, with custom design-for-identity services for corporate buyers.

Quantifiable outcome

• Production capacity of 8,000 tons per year (expanding to 12,000 tons)
• +2 more outcomes

Named customers7 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• มหาวิทยาลัยสงขลานครินทร์ (ม.อ.)coreStrategic or Co-development Partner · 26 March 2026Rubber innovation seminar linking PSU research to industrial applications. S.K. Polymer serves as bridge to commercialize university rubber research for industry use, focusing on compound development, product design, and property enhancement for durability, safety, and lifespan.
• มหาวิทยาลัยสงขลานครินทร์ (PSU)coreStrategic or Co-development Partner · 3 September 2025Academic partnership for TPNR (Thermoplastic Natural Rubber) development. PSU contributed research expertise for converting natural rubber into thermoplastic material, S.K. Polymer provided manufacturing scale-up capability, and ไทยรับเทค provided additional technical support.
• คณะวิศวกรรมศาสตร์ จุฬาลงกรณ์มหาวิทยาลัยcoreStrategic or Co-development Partner · 2 July 2025Academic cooperation agreement signed July 2, 2025 for knowledge exchange on Engineering Rubber materials and advanced molding technology. Focus on developing research applicable to industrial applications and enhancing human resource capabilities.
• MestheticscoreStrategic or Co-development Partner · 6 June 2025Joint venture established June 6, 2025 to form 'Artevia Innovation' for developing and manufacturing silicone implants for facial cosmetic surgery. Mesthetics provides surgical expertise with 20+ years experience, S.K. Polymer provides medical-grade silicone manufacturing capabilities. Initial product focus on nose silicone implants for Thai cosmetic surgery market with plans for international expansion.
• กลุ่มเกษตรกรทำสวนยางและผลิตภัณฑ์ยางตาชี จังหวัดยะลาcoreStrategic or Co-development Partner · 29 March 2022Rubber farmer group in Yala province receiving technology transfer from S.K. Polymer for Rubber Speed Bump production under the Thailand Para Rubber Value Enhancement project. S.K. Polymer transfers manufacturing technology, quality control, and quality assurance from 30+ years of experience.
• PTT Oil and Retail Business (OR)coreStrategic or Co-development Partner · 31 January 2022S.K. Polymer partnered with OR (PTT Oil and Retail Business) to produce rubber wheel stoppers for PTT fuel stations under the Thailand Para Rubber Value Enhancement project. OR serves as the end-user of products while S.K. Polymer provides manufacturing expertise and technology transfer to rubber farmer cooperatives.
• IRPC Public Company LimitedcoreStrategic or Co-development Partner · 31 January 2022IRPC supplies plastic materials as component input for rubber wheel stoppers manufactured by S.K. Polymer under the Thailand Para Rubber Value Enhancement project for PTT stations.
• Rubber Authority of Thailand (กยท.)coreStrategic or Co-development Partner · 31 January 2022Government partner providing funding support for machinery and factory construction for rubber farmer cooperatives. Primary mission to promote value addition for Thai para rubber and position Thailand as rubber processing hub.
• สหกรณ์กองทุนสวนยางโสตประชา จำกัดcoreStrategic or Co-development Partner · 31 January 2022Pilot rubber farmer cooperative receiving technology transfer from S.K. Polymer for rubber wheel stopper production. Cooperative receives machinery funding from Rubber Authority and factory support from Ministry of Agriculture.
• คณะวิศวกรรมเคมี มหาวิทยาลัยมหิดล (EGCHE)minorStrategic or Co-development Partner · 1 January 2021Visit and discussion of potential research collaborations between S.K. Polymer and Mahidol University's Chemical Engineering department. Led by Supote Suwanpimolkul, President of Grand SK Corporation.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• Synthomer plc: Specialty polymer producer including rubber compounds and elastomers for medical, automotive, and industrial end-uses; comparator in the upstream compounding/material science space adjacent to SKP's formulation work.

Direct peers

• Greene Tweed & Co. US-headquartered engineered rubber and thermoplastic components manufacturer focused on demanding applications including medical, semiconductor, and oil & gas — comparable to SKP's specialty medical-grade and industrial rubber parts.
• Polymax Technology Co., Ltd. Thailand-based custom molded rubber products manufacturer serving industrial, automotive, and oil & gas customers — most directly comparable Thai rubber molding peer with similar OEM/custom business model.
• Vibracoustic SE: Global specialist in vibration and noise control rubber/polymeric components for automotive OEMs including Toyota and Honda — direct overlap with SKP's automotive rubber bushing and vibration component business to the same OEMs.

Regional players

• Sri Trang Agro-Industry PCL: Thailand-headquartered natural rubber producer and downstream rubber product manufacturer — closest direct regional peer given shared Thai footprint, natural rubber base, and downstream processed rubber goods focus.
• Thai Rubber Latex Corporation: Thai-listed manufacturer of rubber products including rubber parts, gloves, and latex-based medical and consumer goods — direct domestic competitor supplying regional automotive and medical customers.

Broad incumbents

• Trelleborg AB: Sweden-based global engineered polymer specialist producing molded rubber and plastic components for automotive, industrial, and infrastructure customers — directly analogous to SKP's OEM rubber parts business across the same verticals.
• Continental AG (ContiTech): Diversified industrial rubber manufacturer with automotive and industrial molded rubber product lines serving OEMs globally; comparable in serving Toyota/Honda-tier suppliers and Tier 2 vibration and sealing components.
• Fenner PLC (acquired by Michelin): Manufacturer of reinforced polymer products, conveyer belts, and precision engineered rubber components for industrial and automotive applications — analogous business model and product overlap.
• Hexpol AB: Global leader in polymer compounding and molded rubber parts across automotive, medical, and industrial sectors; SKP's in-house compound formulation and molding capabilities position it as a smaller-scale analog to Hexpol.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/SKPolymer
• Facebookfacebook.com/skpolymer
• LinkedInlinkedin.com/company/sk-polymer

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about S.K. Polymer Co.