Pinthong Industrial Estate

What Pinthong Industrial Estate does

Pinthong Industrial Park Public Company Limited (ticker: PIN on the Stock Exchange of Thailand) is a Thai industrial estate developer and operator headquartered in Sriracha, Chonburi, within Thailand's Eastern Economic Corridor (EEC). The company develops and manages multiple industrial estates — PIN1, PIN2, PIN3, Laemchabang, and the flagship PIN5 project — covering thousands of rai of industrial land, with the PIN5 expansion adding 1,155 rai to reach 2,695 rai total under a ~2,500 million Baht investment budget. Its core offering is the Eco Industrial Town concept, which bundles industrial land sales, factory and warehouse rentals, public utilities, solar rooftop renewable energy, treated wastewater recycling, and fiber optic smart-city connectivity into a single integrated park environment, supplemented by One Stop Service for administrative and permitting support to foreign investors.

The business model combines transactional land sales (one-off revenue on land transfer to manufacturers) with recurring revenue from factory/warehouse rental, utilities services, and the Logistics Park Phase 1 (~50,000 sqm). Target customer verticals span automotive parts, electronics, machinery, food, steel and metal, HVAC/appliances (e.g., Midea Group's 80 rai anchor purchase), EV components, and data center operators — with explicit focus on attracting Chinese and other foreign manufacturers seeking to diversify production bases into Thailand. The company is controlled by the Pattamavorakulchai family through Pinthong Holding Limited (37.52% stake as of May 2026), with a free float of approximately 18.82%. PIN reported FY2022 revenue of 1,146 million Baht (up 94% YoY) and net profit of 325 million Baht (up 125% YoY), and has articulated a strategic target to grow recurring income to 50% of revenue by 2025.

Name

Pinthong Industrial Estate

Legal name

Pinthong Industrial Park Public Company Limited (บริษัท ปิ่นทอง อินดัสเตรียล ปาร์ค จำกัด (มหาชน))

Website

https://investor.pinthongindustrial.com

Company type

Public

Operating status

Operating

Short description

Pinthong Industrial Estate (PIN) is a Thai SET-listed developer of Eco Industrial Town industrial estates in the Eastern Economic Corridor, selling industrial land and renting factory/warehouse space to domestic and foreign manufacturers across automotive, electronics, EV, HVAC, and data center verticals.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Development

NAICS

Warehousing and Storage (493)

akta.pro primary industry

Industrial & Logistics Property Management (BPAJAGAC)

Keywords

• Industrial estate development
• Manufacturing land leasing
• Logistics park operations
• Eco industrial infrastructure
• Foreign investor services

Headquarters

HQ city

Sriracha

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Land Sales: Sale and transfer of industrial land to customers for factory development
2. Factory and Warehouse Rental: Recurring rental income from factory and warehouse leasing, part of Recurring Income business segment
3. Utilities Services: Public utility services within the industrial park, providing recurring revenue

Distribution channels1 record

Marketing channels5 records

Core offering

Pinthong Industrial Estate develops, sells, and leases industrial land, factories, and warehouses within Thailand's Eastern Economic Corridor, operating multiple industrial parks (PIN1, PIN2, PIN3, Laemchabang, PIN5) and a Logistics Park. The company provides supporting utilities and infrastructure under an Eco Industrial Town concept that includes rooftop solar generation, treated wastewater reuse, and fiber optic connectivity for smart city services, with a One Stop Service assisting foreign investors.

Product overview

Pinthong Industrial Estate (PIN) is an industrial park developer operating in Thailand's Eastern Economic Corridor (EEC), specifically in Chonburi and Rayong provinces. The company offers a portfolio of industrial real estate products including land sales for manufacturing facilities, factory and warehouse rentals, and specialized logistics park developments. Their flagship PIN5 project follows an Eco Industrial Town concept spanning 2,695 rai. The company provides complementary infrastructure services including utilities, solar rooftop renewable energy, fiber optic connectivity for Smart City capabilities, and treated water recycling. Additional services include One Stop Service for investor support. PIN operates multiple industrial estates including PIN1, PIN2, PIN3, Laemchabang, and PIN5, with ongoing Logistics Park development.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Land Development and Sales Development and sale of industrial land parcels within the Pinthong industrial estates (PIN1, PIN2, PIN3, Laemchabang, PIN5) for manufacturing and production facilities. Targeted at domestic and international manufacturers, including foreign investors in the EEC zone.
• Factory and Warehouse Rental Rental of built factory and warehouse units to tenants within the industrial estates, providing recurring rental income as part of the company's Recurring Income business segment.
• Logistics Park Logistics and warehouse facility development project offering factory and warehouse space for lease within the EEC industrial zone, serving logistics and distribution tenants.
• Pinthong Industrial Park 5 (PIN5)

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Midea GroupmajorStrategic or Co-development Partner · 19 February 2026Midea Group purchased 80 rai of land from Pinthong Industrial Estate to establish a commercial HVAC (heating, ventilation, and air conditioning) system manufacturing base in Thailand, supporting Thailand's position as a regional HVAC production hub.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Goodman Group: Goodman Group is a global industrial real estate specialist operating logistics and warehouse facilities worldwide. Provides capital markets and operational benchmarks for industrial estate and warehouse landlords, including data center tenant strategy relevant to Pinthong's target segments.
• CapitaLand Investment: CapitaLand Investment is a large Asian real estate investment manager with logistics and industrial exposure. Provides a diversified regional benchmark for industrial real estate operations, capital deployment strategy, and fund management structure relevant to Pinthong's growth ambitions.
• ESR Group: ESR Group is a leading Asia-Pacific logistics and industrial real estate platform operating logistics parks and warehouses across the region. Provides a public-market comparable for industrial/logistics real estate business models at materially larger scale than Pinthong.
• Prologis: Prologis is the largest global logistics real estate company with significant data center exposure. Provides benchmark for warehouse/logistics real estate operations and data center tenant strategy relevant to Pinthong's targeting of data center operators.
• Mapletree Industrial Trust: Mapletree Industrial Trust is a Singapore-listed REIT focused on industrial properties across Asia including data center assets. Comparable landlord of factory and warehouse space, providing a regional industrial REIT benchmark for Pinthong's recurring income strategy.

Direct peers

• WHA Industrial Development: WHA Industrial Development is Thailand's largest industrial estate developer with significant EEC presence. Comparable land sales, factory rental, and utilities services model targeting similar multinational manufacturing tenants, but at significantly larger scale.
• Amata Corporation: Amata Corporation is a leading Thai industrial estate developer operating in the EEC zone with Amata City Chonburi and Amata City Rayong. Direct competitor serving similar automotive, electronics, and multinational manufacturing tenants with comparable land sales and rental business model.
• Rojana Industrial Park: Rojana Industrial Park Public Company Limited develops and manages industrial estates across Thailand with similar land sales, factory rental, and utilities services. Closely comparable in business model and listed Thai industrial estate peer.
• Frasers Property (Thailand): Frasers Property Thailand operates industrial and logistics real estate including former TICON assets. Provides warehousing, factory rentals, and industrial real estate services directly comparable to Pinthong's Logistics Park and factory rental business.
• Hemaraj Land and Development: Hemaraj Land and Development is a long-standing Thai industrial estate developer with historical EEC zone presence serving automotive and industrial tenants. Operates a comparable industrial real estate model with land sales and rental services similar to Pinthong.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/embed/cFQJwWSWql4?si=3vpnH2zMtTGl2_Mm
• Facebookfacebook.com/pinthong.industrial
• LinkedInlinkedin.com/company/pinthong-industrial-park-co-ltd-

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Pinthong Industrial Estate