Thai Hua

What Thai Hua does

Thai Hua Rubber Public Company Limited (Thai: บริษัท ไทยฮั้วยางพารา จำกัด (มหาชน)) is a vertically integrated natural rubber operator founded in 1978 and headquartered at 238/1 Ratchada Pisek Road, Bangkok. The company controls 27 manufacturing facilities across Thailand, Laos and Cambodia with combined annual production capacity approaching 900,000 tons, plus upstream plantation assets through subsidiaries Thai Hua Plantation, Lao Thaihua Rubber and Tomring Rubber (Cambodia). Its core product lines are Standard Thai Rubber (STR — grades 20, 10, 5L, 5CV, 20 CV and Compound), Ribbed Smoked Sheets (RSS 1, RSS 3, RSS Compound) and 60% concentrated latex in low/medium/high ammonia variants, supplemented by skim block and skim crepe by-products and a newly commissioned compound rubber line at Phitsanulok (PL).

The business model is B2B commodity sales to global tire manufacturers under negotiated contracts at prevailing market prices, with pricing not publicly disclosed. Distribution is direct from Bangkok headquarters, supplemented by a representative office — Rubber Focus (Shanghai) Co., Ltd, established 2007 — and wholly-owned subsidiaries in India, Laos and Cambodia; products reach over 70 countries. Quality and environmental credentials (ISO 9001:2015, ISO 14001:2015, ISO/IEC 17025, Green Industry Level 3) plus product certifications from the Shanghai, Singapore and Tokyo commodity exchanges support approved-supplier status with the world's top 10 tire manufacturers, including Yokohama Rubber and Goodyear.

Thai Hua reported annual sales revenue exceeding 50,000 million THB (approximately USD $1.4–1.5 billion), employs 6,000+ people, and is publicly listed as a Thai public limited company. The current corporate shape is the product of a 2020 merger absorbing five Guangken Rubber (GKR) Thai subsidiaries, a 1998 joint venture with Sailun Group (Thai Hua Rayong Rubber), and ongoing capacity expansion through new STR factories in Yasothon (Thailand) and Vientiane (Laos) in 2026.

Name

Thai Hua

Legal name

Thai Hua Rubber Public Company Limited (บริษัท ไทยฮั้วยางพารา จำกัด (มหาชน))

Website

https://thaihua.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

51–100 employees

Short description

Thai Hua Rubber Public Company Limited is a vertically integrated Thai natural rubber producer operating 27 manufacturing facilities across Thailand, Laos and Cambodia, supplying STR, RSS, concentrated latex and compound rubber to top global tire manufacturers across 70+ countries, with reported annual revenue exceeding 50 billion THB.

Ownership category

akta.pro rank

Product category

Natural Rubber Manufacturing

NAICS

Other Rubber Product Manufacturing (32629), Rubber Product Manufacturing (3262)

SIC

Fabricated Rubber Products, Nec (3060)

akta.pro primary industry

General-Purpose Rubber Compounds (NR/SBR/BR/EPDM) (IMANAJAA)

Keywords

• Natural rubber processing
• Standard thai rubber
• Ribbed smoked sheets
• Concentrated latex production
• Rubber plantation processing

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Rubber Product Sales: Sale of processed natural rubber products including Standard Thai Rubber (STR), Ribbed Smoked Sheets (RSS), concentrated latex, and skim rubber products to global tire manufacturers and industrial customers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Thai Hua Rubber is a vertically integrated natural rubber producer that cultivates, processes, and globally distributes technically specified rubber products. The company manufactures Standard Thai Rubber (STR), Ribbed Smoked Sheets (RSS), Concentrated Latex, Compound Rubber, and by-products such as Skim Block and Skim Crepe rubber for sale to global tire manufacturers and industrial rubber product makers.

Product overview

Thai Hua Rubber Public Company Limited is a vertically integrated natural rubber manufacturer operating from upstream cultivation through midstream processing to downstream trading and distribution. The company produces three main product categories: Standard Thai Rubber (STR) in multiple grades including STR 20, STR 10, STR 5L, and compound variants; Ribbed Smoked Sheets (RSS) in grades 1, 3, and compound; and Concentrated Latex (60% DRC) available in low, medium, and high ammonia variants. Additionally, the company produces by-products including Skim Block and Skim Crepe rubber. The company operates 27 manufacturing facilities across Thailand, Laos, and Cambodia with a combined annual production capacity exceeding 1 million tons, serving over 70 countries as a primary supplier to the world's top 20 tire manufacturers.

Differentiator

Problem solved

Functional benefit

Products and services

• Standard Thai Rubber (STR)

Quantifiable outcome

• Products certified by Shanghai Futures Exchange, Singapore Exchange, and Tokyo Commodity Exchange
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered flagship, regional and core.

• Guangken Rubber Group (GKR)flagshipStrategic or Co-development Partner · 1 January 2016Strategic Cooperation Ceremony between GKR and Thai Hua Rubber in 2016, leading to merger of five GKR Thai companies into THR in 2020
• Thai Hua International Rubber Co., Ltd (India)regionalChannel Partner/ Reseller/ Distributor · 1 January 2011Subsidiary established in India in 2011 for market presence in South Asian region
• Tomring Rubber Co., Ltd (Cambodia)regionalStrategic or Co-development Partner · 1 January 2011Subsidiary established in Cambodia in 2011 for rubber plantation and processing operations
• Rubber Focus (Shanghai) Co., LtdcoreChannel Partner/ Reseller/ Distributor · 1 January 2007Representative office established in Shanghai, China in 2007 as the most important branch in China market, working with importers and end-users
• Lao Thaihua Rubber Co., LtdregionalStrategic or Co-development Partner · 1 January 2006Subsidiary established in Laos in 2006 with 4 rubber plantations and 1 processing factory, headquartered in Vientiane
• Sailun GroupcoreStrategic or Co-development Partner · 1 January 1998Joint operation of Thai Hua Rayong Rubber Co., Ltd established in 1998 with Sailun Group for rubber processing operations

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Sinochem Holdings Corporation: Major Chinese state-owned commodities conglomerate with significant natural rubber trading and processing operations. Overlaps with Thai Hua in supplying Chinese tire manufacturers and global rubber markets.

Direct peers

• Halcyon Agri Corporation Limited: Singapore-headquartered natural rubber producer with significant processing operations in Thailand and Indonesia. Comparable integrated business model supplying global tire manufacturers.
• Thai Rubber Latex Corporation Public Company Limited: Thai-listed natural rubber processor producing STR, RSS, and concentrated latex. Direct peer in Thailand's natural rubber processing industry with overlapping product portfolio and export markets.
• Sri Trang Agro-Industry Public Company Limited: Thailand's largest integrated natural rubber company, producing STR, RSS, concentrated latex, and gloves. Directly comparable as a vertically integrated Thai natural rubber producer with global tire manufacturer customers.
• Von Bundit Co., Ltd. Major Thai natural rubber producer and exporter of STR and RSS products. Direct competitor in Thai rubber processing with similar global tire manufacturer customer base.
• Guangken Rubber Group (GKR): Former partner whose five Thai subsidiaries merged into Thai Hua in 2020. Direct peer and historical counterparty in Thai natural rubber processing with overlapping STR production capabilities.

Regional players

• Vietnam Rubber Group (VRG): Vietnamese state-owned natural rubber group with extensive plantations and processing. Direct competitor in Southeast Asian rubber supply serving global tire manufacturers.
• Kirana Megatara Group: Indonesia's largest natural rubber processor producing SIR and RSS grades. Comparable processor serving global tire manufacturers from a different regional base.
• China Hainan Rubber Industry Group Co., Ltd. Major Chinese state-owned natural rubber producer with plantation and processing operations. Comparable vertically integrated model with focus on Chinese tire manufacturers.

Others

• Yokohama Rubber Company, Limited: Major Japanese tire manufacturer and Thai Hua's key customer (multiple supplier awards). Listed as a customer reference but also operates its own rubber procurement, providing demand-side context.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Thaihua-Rubber-Public-Company-Limited-100063766961811
• LinkedInlinkedin.com/company/thai-hua-rubber-public-company-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries15 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 Thai Hua