CG Corporation Company Limited

What CG Corporation Company Limited does

CG Corporation Company Limited is a Thai-Chinese joint venture established in 2018 between C.P. Land Public Company Limited, a property subsidiary of the Charoen Pokphand Group, and Guangxi Construction Engineering Group, a state-owned construction enterprise from Nanning, China. The company develops and operates the CPGC Industrial Estate, a 3,068 Rai (1,212.76-acre) master-planned industrial park located in Rayong Province within Thailand's Eastern Economic Corridor (EEC), co-operated with the Industrial Estate Authority of Thailand (I-EA-T). The estate is designated an EEC Special Economic Zone with BOI investment incentives of up to 12 years of corporate income tax exemption for targeted S-curve and new S-curve industries (next-generation automotive/EV, smart electronics, medical, digital, and food processing), and is supported by China's Belt & Road Initiative and Thailand 4.0 frameworks.

The core product is shovel-ready industrial land sold or leased to manufacturing investors, supported by an integrated utility stack of two 115/22 kV substations (120 MVA each), 14,000 cu.m./day water capacity, steam supply from a SPP, three PTT natural gas lines, fiber-optic telecom, and wastewater treatment to I-EA-T standards. Recurring revenue is generated from utility billing, long-term land rentals, ready-built factory and warehouse occupancy, and an adjacent commercial ecosystem covering hospital, condominium, school, retail mall, and townhome developments within 112 Rai of commercial area. A separate technology layer — True Business 5G and IoT-based monitoring covering Smart Water, Smart Energy, Smart Mobility, Cloud Digital Server, and Big Data — differentiates the estate as a smart, environmentally managed industrial park.

Revenue mechanics combine one-time land sale gains with recurring utility and rental income. Named tenants are predominantly Chinese manufacturers relocating under BRI, including Midea Group (100,000 sqm refrigerator base), Linkfair, Estival/Huali Floors (first investor), Winmore Eco Materials, Joyful Living, Signcomplex, Meitu Industry, Golden Home, and Yangzhou Fuming. Land sales range from 93,085 sqm (Winmore) to 100,000 sqm (Midea), with confirmed deals predominantly executed in 2023 and the first half of 2024. The company has 31 disclosed employees across its Bangkok headquarters and Rayong operations site.

Name

CG Corporation Company Limited

Legal name

CG Corporation Company Limited

Website

https://cg-corp.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

CG Corporation Company Limited is a Thai-Chinese joint venture between C.P. Land (Charoen Pokphand Group) and Guangxi Construction Engineering Group that develops and operates the 3,068 Rai CPGC Industrial Estate in Thailand's EEC, selling and leasing industrial land with integrated utilities to Chinese and international manufacturers in EV, electronics, medical, digital, and food sectors.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Development

NAICS

Management of Companies and Enterprises (55111)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Manufacturing & Heavy Industrial Facilities Brokerage (BPAJACAB)

akta.pro secondary industries

Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ), C&I Natural Gas Supply & Procurement (EUAGAGAE)

Keywords

• Industrial estate development
• Industrial land leasing
• Ready-built factories
• Utility infrastructure services
• Industrial real estate

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Industrial Land Sales: CG Corporation sells industrial land to manufacturing companies establishing factories in CPGC Industrial Estate. Land plots are sold directly to investors with pricing based on location, size, and development readiness.
2. Industrial Land Rental: Long-term land leasing options for investors who prefer not to purchase land outright in the industrial estate.
3. Ready-Built Factory and Warehouse: Pre-built factory and warehouse facilities available for immediate occupation by manufacturing tenants.
4. Utility Services: Supply of electricity, water, steam, natural gas, and other utilities to tenants within the industrial estate.
5. Commercial Area Services: Commercial facilities and services supporting the industrial estate ecosystem including residential, retail, and hospitality for workers and executives.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

CG Corporation develops and operates CPGC Industrial Estate, a 3,068-Rai industrial park in Rayong Province within Thailand's Eastern Economic Corridor (EEC). The company sells and leases industrial land, supplies ready-built factories and warehouses, and delivers utility services (electricity, water, steam, natural gas, telecom) and commercial facilities (hospital, residential, retail) to manufacturing tenants operating in S-Curve and New S-Curve industries.

Product overview

CG Corporation Company Limited operates as an industrial estate developer and operator, offering the CPGC Industrial Estate as its primary product—a large-scale industrial development project in Rayong Province, Thailand within the EEC zone. The company's portfolio includes industrial land parcels for sale and rent, ready-built factory options, and warehouse facilities. The integrated offering encompasses utility management services (electricity, water, steam, gas, telecommunications, wastewater treatment), road infrastructure, and commercial support facilities (hospital, school, residential, and retail services) within the estate. The estate is positioned as a smart eco-friendly industrial park supporting targeted industries including automotive/EV, smart electronics, medical hub, digital, and food processing sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• CPGC Industrial Estate Integrated industrial park development located in Rayong Province within Thailand's Eastern Economic Corridor (EEC), co-operated with the Industrial Estate Authority of Thailand (I-EA-T). Provides 3,068-Rai total project area combining industrial land, ready-built factories, warehouses, utility infrastructure, and commercial support facilities for manufacturing tenants.
• Industrial Land for Sale or Lease

Quantifiable outcome

• CIT incentives up to 12 years for targeted industries
• +1 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core, minor and major.

• East Water (Eastern Water Resources Development and Management Public Company Limited)coreOthers · 3 May 2023Raw water purchase agreement signed to ensure stable water supply for the industrial estate. East Water provides raw water, tap water, industrial water, wastewater treatment and water reuse services.
• Panyapiwat Institute of ManagementminorOthers · 14 February 2020MoU for academic cooperation including job training, staff exchange, and educational development.
• CAS (Chinese Academy of Sciences)minorStrategic or Co-development Partner · 10 April 2019Cooperation in exchanging and developing knowledge in innovation, science, and technology for medical industry enhancement. Includes CAS HIGH-TECH INDUSTRIAL ZONE development.
• C.P. Land Public Company LimitedcoreStrategic or Co-development PartnerJoint venture partner and property developer with 7 business units: Office Building, Real Estate for Living, Hotel, Building Facility Management, Conference and Exhibition Center, Energy Management, and Industrial Estate. Subsidiary of Charoen Pokphand Group.
• Guangxi Construction Engineering GroupcoreStrategic or Co-development PartnerLarge-scale infrastructure state-owned enterprise from Nanning, China. Joint venture partner for CPGC Industrial Estate development under China's Belt & Road Initiative.
• Industrial Estate Authority of Thailand (I-EA-T)coreStrategic or Co-development PartnerGovernment authority overseeing industrial estate development. CPGC is co-operated with I-EA-T and is one of 31 Promotional Zones for EEC Industrial Target.
• True BusinessmajorTechnology or IntegrationPartnership to implement 5G technology and automated IoT system for utility management including Smart Water/Smart Energy, Smart Mobility, Cloud Digital Server, and Big Data.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• WHA Industrial Development: Thailand's largest industrial estate developer with extensive EEC presence, similar ready-built factory and utility offerings, and a comparable S-Curve industry targeting strategy — the most direct competitor for foreign manufacturing FDI.
• Amata Corporation: Long-established Thai industrial estate developer with flagship Amata City Chonburi and Amata City Rayong projects in the EEC, offering land sales, rentals, and utility services to manufacturing tenants — directly comparable to CPGC.
• Frasers Property Industrial (Thailand): Singapore-listed industrial REIT operator with assets in Thailand including ready-built factories and warehouses for manufacturing and logistics tenants; comparable to CPGC's ready-built and warehouse offerings.
• Hemmaraj (Eastern Seaboard Industrial Estate): JWD Group subsidiary operating industrial estates in Rayong's EEC, focused on Japanese auto and electronics tenants; comparable industrial land sale/rent and utility service model.
• Rojana Industrial Park: Listed Thai industrial estate developer operating large parks in Rayong and Ayutthaya, with similar land sale/rent models, Japanese and Chinese auto-parts tenants, and utility service offerings.

Regional players

• Golden Land Property Development: Thai-listed property developer with industrial-adjacent commercial developments, useful for benchmarking mid-cap Thai developers' financing structures and tenant engagement models.

Emerging players

• Yongnam Holdings: Singapore-based structural steel and EPC firm active in industrial estate construction across Southeast Asia; comparable as a partner/vendor rather than direct competitor for industrial park developers.

Others

• Ascendas REIT (CapitaLand): Singapore industrial REIT with Thailand industrial/logistics assets; provides a useful valuation benchmark for industrial land recurring revenue streams similar to CPGC's utility and rental lines.

Broad incumbents

• Central Pattana (Industrial Estate arm): Thai conglomerate with diversified real estate operations including industrial-adjacent developments; serves as a broader-incumbent reference for Thai industrial/commercial real estate valuation.
• TTCL Public Company: Thai EPC contractor with adjacent industrial park development activity and stronger capital base; competes indirectly for industrial zone construction contracts and large infrastructure projects in the EEC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCC9B0drtc5o5saQFV7I88hg
• Facebookfacebook.com/CPGC-1956340104405074
• LinkedInlinkedin.com/company/cgcorporation

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 CG Corporation Company Limited