Mitr Phol Group: Difference between revisions

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{{Short description|Suger company}}
{{more citations needed|date=October 2018}}
{{Infobox company
| name = Mitr Phol Group
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| predecessor =
| successor =
| foundation = {{Start date and age|1946}}
| founder =
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| location_city =
| location_country =
| location = [[Khlong Toei District|Khlong Toei]], [[Bangkok]], [[Thailand]]
| locations =
| area_served = Thailand <br> China <br> Cambodia <br> Laos
| key_people = Isara Vongkusolkit, President<ref>{{cite web|title=Thailand's 50 Richest|url=httphttps://www.forbes.com/profile/isara-vongkusolkit/|website=Forbes|accessdate=18 September 2015}}</ref>
| industry = [[Food processing]]<br>[[Bioenergy]]
| products = Sugar
| services =
| revenue = US$1.590 billion (2015baht est(2018)
| operating_income =
| net_income =
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* [[Bio-Energy Co. Ltd.]]
}}
| homepage = {{URL|http://www.mitrphol.com/}}
| footnotes =
| intl =
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'''Mitr Phol Group''' is [[Thailand]]'s and Asia's biggest [[sugar]] and bio-energy producer.
 
Mitr Phol Sugar Corp is a privately owned group of companies, mainly owned by the [[Vongkusolkit family]]. As of 2014, Mitr Phol is ranked as the world's fourthfifth largest [[sugar producer]],<ref name="Nation-20181015">{{cite news |last1=Chaitrong |first1=Wichit |title=Sugar industry must swallow bitter pill |url=http://www.nationmultimedia.com/detail/business/30356425 |accessdate=15 October 2018 |work=The Nation |date=15 October 2018}}</ref> and the largest producer in Asia. It is Thailand's largest sugar producer and the second largest in China through its joint venture company East Asia Sugar. In addition to Thailand and China, Mitr Phol has operations and investments in Lao PDR, Cambodia, and most recently Australia. Its key business units include sugar, wood substitute materials, and [[renewable energy]].
 
==History==
==Corporate philosophy==
Mitr Phol sugar business was established as a small family business in [[Ban Pong district]], [[Ratchaburi province]], producing and trading condensed syrup to sugar mills in 1946. In 1956, the company began to produce its own sugar. In 1983, Mitr Phu Kieo Sugar Mill was constructed in [[Phu Khiao district]], [[Chaiyaphum province]], with a sugarcane processing capacity of 27,000 tonnes per day. In 1990, Mitr Phol Sugar Mill in [[Suphan Buri province]] was established with a processing capacity of 45,500 tonnes per day. The company expanded its business internationally in 1993 to [[Guangxi]] province, China with four mills. Mitr Phol owns seven sugar mills in Guangxi and with an annual capacity of approximately 10 million tonnes of cane, or approximately 1.3 million tonnes of sugar per year. In 1994, Mitr Phol Sugar Mill (Suphanburi province) was the first mill in Thailand certified by ISO 9002 and has been recognized with a National Certificate of Excellence and Global Standards. In 1995, Mitr Phol took over a sugar company in [[Phu Wiang district]], [[Khon Kaen province]] and named it Mitr Phol Phu Wiang Sugar Mill. In 1997, Mitr Phol constructed a sugar mill in Hai Tung County, China. Later in the same year, Mitr Kalasin Sugar Mill was established, in [[Kuchinarai district]], [[Kalasin province]], with a processing capacity of 23,000 tonnes per day. In 2006, Mitr Phol broadened its production to [[Savannakhet province]], [[Laos]] and established Mitr Lao Sugar Co., Ltd. to develop sugarcane farming with advanced production technology to export to the [[European Union]]. Mitr Phol further expanded its investments to [[Queensland]], Australia.
Mitr Phol's corporate philosophy is:
* Strive for leadership
* Believe in the value of human dignity
* Stand tall in fairness
* Responsible for society
 
In 2020, the company was filed a class action lawsuit due to alleged violent eviction allegations in Cambodia in 2008–09, the first transboundary lawsuit of its kind in Southeast Asia.<ref>{{cite news |title=Thai Appeal Court decision paves the way for Asia's first transboundary class |url=https://www.malaysiakini.com/announcement/537111 |access-date=2 July 2021 |work=Malaysiakini |date=3 August 2020 }}</ref>
==Sugar==
In Thailand, Mitr Phol has six [[sugar mill]]s, with a total processing capacity of 130,500 tons of [[sugar cane]] daily. All mills have refineries attached and produce white sugar. The locations are:
* [[Suphan Buri Province]] ('Mitr Phol Danchang mill")
* [[Sing Buri Province]] ("Sing Buri mill")
* [[Chaiyaphum Province]] ("Mitr Phol Phu Khieo mill")
* [[Khon Kaen Province]] ("Mitr Phol Phu Viang mill")
* [[Kalasin Province]] ("Mitr Phol Kalasin mill")
* [[Loei Province]] ("Mitr Phol Phu Luang mill")
 
==Operations==
The yearly sugar cane processing capacity is about 20 million tons, yielding sugar output of approximately 2 million tons per year.
In Thailand, Mitr Phol has sixseven [[sugar mill]]s, with a total processing capacity of 130,500 tons of [[sugar cane]] daily. AllSome mills have refineries attached and produce white sugar. The locations are:
* [[Suphan Buri Provinceprovince]] ('Mitr Phol Danchang mill")
* [[Sing Buri Provinceprovince]] ("Sing Buri mill")
* [[Chaiyaphum Provinceprovince]] ("Mitr Phol Phu Khieo mill")
* [[Khon Kaen Provinceprovince]] ("Mitr Phol Phu Viang mill")
* [[Kalasin Provinceprovince]] ("Mitr Phol Kalasin mill")
* [[Loei Provinceprovince]] ("Mitr Phol Phu Luang mill")
* [[Amnat Charoen province]] (Mitr Amnat Charoen mill)
 
The yearly sugar cane processing capacity is about 20 million tonstonnes, yielding a sugar output of approximately 2two million tonstonnes per year.
Outside Thailand, Mitr Phol has seven sugar mills in [[Guangxi]] Province, China. In Lao PDR, the "Mitr Lao mill" is in [[Savannakhet Province]].
 
Outside Thailand, Mitr Phol has seven sugar mills in [[Guangxi]] Provinceprovince, China. In Lao PDRLaos, the "Mitr Lao mill" is in [[Savannakhet Provinceprovince]].
 
In 2012, Mitr Phol acquired a stake in the Australian sugar producer, MSF Sugar Limited.
 
==Financials==
==Wood substitute materials==
Mitr Phol's 2018 revenues are expected to be 90 billion [[Thai baht|baht]]. Sugar production accounts for 50 billion baht of the total and the remainder is contributed by its peripheral businesses.<ref name="Nation-20181015" /> Revenues are flat due to low world sugar prices (US$0.26 per kilogram), but 2018 production is up over 2017.<ref name="Nation-20181015" />
A subsidiary company, Panel Plus Co. Ltd., manufactures particle board and [[medium-density fibreboard|MDF]] panels from [[bagasse]] and rubber wood chips. According to the company, it has the capacity to produce 300,000 cubic metres of particle board a year, 300,000 cubic metres of medium density fibre boards a year, and 23,500,000 square metres of melamine impregnated panels.<ref>{{cite web|title=Company Profile|url=http://www.panelplus.co.th/company.php|website=Panel Plus Co., Ltd|accessdate=18 September 2015}}</ref> It has plants in Chaiyaphum and [[Songkhla Province|Songkhla]] Provinces.
 
Mitr Phol has normal capital expenditure at around six billion baht per year. However, in 2016, 28 billion baht will be spent on the sugar business to develop its facilities and water system. Fifteen billion baht will be spent on renewable energy business, three billion baht on wood substitutes, 3.6 billion baht on overseas businesses, and 800 million baht to develop its logistics system. This budget is to be invested from 2016 to 2020.<ref>{{cite web|last1=Srimalee|first1=Somluck|title=Mitr Phol lays out Bt50-bn investment plan|url=http://www.nationmultimedia.com/business/Mitr-Phol-%20lays-out-%20Bt50-%20bn-investment-%20plan-30283192.html|website=The Nation|publisher=The Nation|accessdate=April 4, 2016}}</ref>
 
==Sugar==
#Mitr Phol Pure Refined Sugar
# Mitr Phol Hygiene Pack
#Mitr Phol Syrup
#Mitr Flavoured Syrup
#Mitr Phol Coffee Sugar
#Mitr Phol Icing Sugar
#Mitr Phol Stick Sugar
#Mitr Phol Calorie
#Mitr Phol Gold Sugar
#Mitr Phol Coconut Sugar
#Mitr Phol Rock Sugar
#Mitr Phol Brown Sugar
#Mitr Phol Natural Cane Sugar<ref>{{cite web|last1=Mitr Phol Corporation Ltd.|title=Mitr Phol Sugar|url=https://www.mitrphol.com/mitphol-sugar.php|website=Mitr Phol|accessdate=2018-10-15}}</ref><ref name=Nation-20170109>{{cite news|last1=Pratruangkrai|first1=Petchanet|title=Mitr Phol committed to embracing modern farming technology methods|url=http://www.nationmultimedia.com/news/business/corporate/30303685|work=The Nation|date=9 January 2017|accessdate=9 January 2017}}</ref><ref>{{cite web |title=Sugar Products |url=https://www.mitrpholsugar.com/products |website=Mitr Phol Sugar |accessdate=16 October 2018}}</ref>
 
==Wood substitutes==
A subsidiary company, Panel Plus Co. Ltd., manufactures particle board and [[medium-density fibreboard|MDF]] panels from [[bagasse]] and rubber wood chips. According to the company, it has the capacity to produce 300,000 cubic metres of particle board a year, 300,000 cubic metres of medium density fibre boards a year, and 23,500,000 square metres of melamine impregnated panels.<ref>{{cite web|title=Company Profile|url=http://www.panelplus.co.th/company.php|website=Panel Plus Co., Ltd|accessdate=18 September 2015}}</ref> It has plants in Chaiyaphum and [[Songkhla Provinceprovince|Songkhla]] Provincesprovinces.
 
==Renewable energy==
The group is the largest [[biomass]] electricity producer in [[ASEAN]] and the largest [[ethanol]] producer in ASEAN.<ref>{{cite news|last1=Toomgum|first1=Sirivish|title=Mitr Phol banks on innovation and technology to sweeten its success|url=http://www.nationmultimedia.com/detail/Corporate/30329244|work=The Nation|date=14 October 2017|accessdate=14 October 2017}}</ref>
Mitr Phol's subsidiary company Mitr Phol Bio-Fuel Co., Ltd., has four ethanol plants with total capacity of 1,100,000 liters per day in Suphan Buri, Chaiyaphum, [[Kalasin Province|Kalasin]], and [[Tak Province|Tak]] Provinces. Molasses, a waste product from the production of sugar, is used as feed stock to produce ethanol which is used for blending in fuel as gasohol. Mitr Phol Bio-Fuel is Thailand's largest ethanol producer.
 
Another Mitr Phol's subsidiary iscompany Mitr Phol Bio-PowerFuel Co., Ltd., whichhas runsfour severalethanol biomassplants powerwith plantstotal attachedcapacity toof sugar1,100,000 mills.liters Theseper plantsday burnin theSuphan bagasseBuri, Chaiyaphum, [[Kalasin province|Kalasin]], and [[Tak province|Tak]] provinces. [[Molasses]], a waste product from crushedthe sugarproduction caneof insugar, orderis toused poweras steamfeed turbinesstock to generateproduce theethanol powerwhich neededis used for theblending mill.in Excessfuel electricityas isgasohol. soldMitr toPhol theBio-Fuel is Thailand's nationallargest powerethanol gridproducer.
 
Another Mitr Phol subsidiary is Mitr Phol Bio-Power Co., Ltd. which runs several biomass power plants attached to sugar mills. These plants burn the [[bagasse]] from crushed sugar cane in order to power steam turbines to generate the power needed for the mill. Excess electricity is sold to the national power grid.
 
==Related businesses==
The Vongkusolkit family's related businesses include [[Banpu|Banpu Public Company Limited]], which is listed on the Stock Exchange of Thailand, and the [[The Erawan Group|Erawan Group]] which owns various prime properties throughout the kingdom including the J.W. Marriott Bangkok Hotel, Ploenchit Center building, Amarin Plaza, and the Hyatt Erawan Hotel.
 
==Awards==
Mitr Phol was awarded the [[Bonsucro]] Sustainability Award in 2015 for helping sugarcane farmers shift their focus to smart farming, reducing the cost of production by adopting new technology. In 2016, the group became the first company in Thailand and the second firm in Asia to be certified by Bonsucro, an international not for-profit organisation that promotes sustainable sugar cane. Its aim is to reduce the environmental and social impacts of sugarcane production.<ref name=Nation-20170109/> The group has won numerous other awards.<ref>{{cite web |title=Award & Certification|url=https://www.mitrphol.com/about-us.php |website=Mitr Phol |accessdate=15 October 2018}}</ref>
 
==References==
{{reflist}}
 
[[Category:CompaniesAgriculture companies of Thailand]]
==External links==
* [http://www.mitrphol.com Mitr Phol Website]
* [http://www.panelplus.co.th/ Panel Plus Website]
 
[[Category:Companies of Thailand]]
[[Category:Sugar companies]]
[[Category:CompaniesPrivately withheld yearcompanies of establishment missingThailand]]