Syntec Construction

What Syntec Construction does

Syntec Construction Public Company Limited is a Thailand-based, SET-listed construction and real estate group founded in 1988 and headquartered in Bangkok. The company operates four core business segments: (1) Construction Services — providing integrated engineering design, structural and architectural works, piling and foundations, civil engineering, and mechanical/electrical installation for commercial, residential, infrastructure, and energy projects; (2) Hospitality and Real Estate — development and operation of hotels, service apartments, and community malls, including a co-developed Standard Pattaya property opening Q4 2025; (3) Energy Management — solar plant systems and chiller/energy management installations; and (4) Data Center construction services. Its GTM is enterprise field sales targeting large Thai real estate developers (Sansiri, AP, Land & Houses, Supalai, Noble, Pruksa, Singha Estate, etc.), government and state-owned enterprises (Airports of Thailand, Bangkok Metropolitan Administration), healthcare clients (Bangkok Hospital group), and hospitality operators (The Standard, Centara, Wyndham).

Revenue is earned predominantly through project-based fixed-price and cost-plus construction contracts, supplemented by hospitality operating income, energy systems installation and ongoing energy management contracts, and data center construction engagements. Pricing is not publicly disclosed and is quoted project-by-project. The company reports an 8.7 billion THB contract backlog and pursues a 2028 strategic roadmap emphasizing data center construction and earthquake-resistant engineering technology. Supporting infrastructure includes a broad subcontractor network, owned equipment fleet, ESG governance frameworks, and capital return programs including a 150 million THB share buyback and a 0.05 THB per share dividend declared in 2025. The business spans Thailand domestically, with no disclosed international geographic expansion.

Name

Syntec Construction

Legal name

Syntec Construction Public Company Limited (บริษัท ซินเท็ค คอนสตรัคชั่น จำกัด (มหาชน))

Website

https://synteccon.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Syntec Construction PCL is a SET-listed Thai construction and real estate group providing integrated engineering, hospitality/real estate, energy management, and data center construction services primarily to large Thai developers, government agencies, and enterprise clients.

Ownership category

akta.pro rank

Product category

Construction Engineering Services

NAICS

Nonresidential Building Construction (2362), Commercial and Institutional Building Construction (236220), Engineering Services (541330), Utility System Construction (2371), Industrial Building Construction (23621)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Construction - Special Trade Contractors (1700), Services-Engineering Services (8711)

akta.pro primary industry

Commercial General Contracting (New Build) (IMAFAAAA)

akta.pro secondary industries

Residential General Contracting (New Build) (IMAFAAAB), Public Works General Contracting (IMAFAAAG), Chillers, Boilers & Central Plant Operations (BPABACAG)

Keywords

• Construction engineering services
• Building construction contracting
• Civil engineering works
• Energy management systems
• Data center construction

Headquarters

HQ city

Watthana

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Services: Core construction business providing engineering design, structural/architectural work, piling, civil engineering, and mechanical/electrical services for commercial, residential, and infrastructure projects. Revenue is project-based, earned through fixed-price contracts or cost-plus arrangements.
2. Hospitality and Real Estate: Development and operation of hotels, service apartments, and community malls. Revenue includes property development sales and hospitality operations.
3. Energy Management: Solar plant installation and chiller/energy management systems for buildings. Revenue from system installation and ongoing energy management contracts.
4. Data Center: Data center construction and facility management services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Syntec Construction Public Company Limited provides full-service construction engineering for commercial, residential, infrastructure, and specialized projects in Thailand, covering engineering design, structural and architectural work, piling and foundations, civil engineering, mechanical and electrical installation, and environmental engineering. Beyond core construction, the company develops and operates hospitality and real estate assets (hotels, service apartments, community malls), delivers energy management systems (solar plants and chiller systems), and builds data center facilities, with an order backlog reported at 8.7 billion THB.

Product overview

Syntec Construction PCL is a diversified construction and real estate development company operating four core business segments: (1) Construction Business Services providing comprehensive engineering, structural, civil, mechanical, and electrical construction work; (2) Hospitality and Real Estate including hotels, service apartments, and community malls; (3) Energy Management Business offering solar plant systems and chiller air conditioning solutions; and (4) Data Center services. The company focuses on continuous development in quality, time, cost, safety, social responsibility, and environmental responsibility.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Business Services
• Hospitality & Real Estate Development
• Solar Plant Systems
• Chiller Air Conditioning Systems
• Data Center Construction and Operations

Quantifiable outcome

• Backlog of 8.7 billion THB

Named customers28 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• The Standard HotelscoreStrategic or Co-development PartnerSyntec Construction is developing The Standard Pattaya hotel, scheduled to open in Q4. This represents a co-development partnership where Syntec serves as the developer and construction partner for The Standard brand in Thailand.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Shimizu Corporation: Major Japanese construction firm with deep expertise in high-rise, data centers, and ESG-driven design-build. Comparable to Syntec's broader integrated construction and energy management ambitions.
• Bouygues Construction: Global contractor with deep commercial building, energy, and digital infrastructure capabilities. Useful peer for benchmarking Syntec's data center and integrated building services strategy at international scale.
• Ch. Karnchang (CK): Larger Thai contractor with infrastructure, energy (power plants, MRT), and concession operations. Overlaps with Syntec on heavy/civil construction but operates a broader infrastructure platform including concessions.
• Obayashi Corporation: Japanese global contractor with building construction, MEP, and data center capabilities. Relevant incumbent peer given Syntec's stated data center and high-tech facility expansion strategy.

Regional players

• Tatsana (formerly M.K. Real Estate Development): Thai hospitality developer and listed investor in hotel properties. Appears on Syntec's own customer list, making it both a customer and adjacent real-estate/hospitality peer as Syntec expands co-developed hotel assets.

Direct peers

• Unique Engineering and Construction: Bangkok-based contractor focused on structural, civil, and architectural works for residential and commercial developers. Direct competitor for the same Thai developer-led project pipeline that Syntec serves.
• Italian-Thai Development: Major Thai general contractor active in buildings, civil works, infrastructure, and industrial projects across Thailand and ASEAN. Comparable in integrated construction services and Thai developer/government client base.
• Christiani & Nielsen (Thai): Thai subsidiary of a regional contractor providing civil engineering and building construction services. Competes for mid-to-large Thai building and infrastructure tenders similar to Syntec's core work.
• Sino-Thai Engineering & Construction (STECON): Thai-listed general contractor delivering civil, structural, MEP and infrastructure projects for government and private clients. Closely comparable in business model, project mix, and Bangkok-headquartered mid-cap positioning to Syntec.

Emerging players

• CH. Kamchang Power (CK Power): Thailand-based power and renewable energy operator. Adjacent to Syntec's solar plant systems business and useful as a comparable for the energy management vertical's economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@syntecchannel5200
• Facebookfacebook.com/scsyntec?locale=th_TH
• LinkedInlinkedin.com/company/syntec-construction

Revenue estimate

Valuation estimate

Number of profiles

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 Syntec Construction