TOA is the leading supplier of decorative coatings in Thailand with an estimated market share of 50 percent. The company manufactures products that cater to the mid-tier and premium-tier markets. The TOA Group of companies includes TOA Paint Thailand, which is TOA’s 100 percent Thai-owned main base of operation; TOA-Chugoku Paint, a joint venture between TOA Paint Thailand and Chugoku Marine Paint; TOA Union Paint Thailand, a joint venture company with Japanese-based wood coatings producer Union Paint; TOA Vietnam; Shanghai-TOA Paint; and TOA Paint Malaysia. TOA’s product portfolio includes the recently launched Ultra Premium Generation of coatings, including Supershield with self cleaning acrylic technology; and Supershield Duraclean, developed with advance acrylic technology under the company’s Hygenic Formula.
YEAR ESTABLISHED: 1957
REVENUE: $290 million
• Architectural coatings
• Marine and protective coatings
Arsa Sarasin, honorary chairman; Prachak Tangkaravakoon, president; Motoo Horiguchi, senior executive VP; Rams Das Ahuja, executive VP