PRIVATE COMPANY; YEAR ESTABLISHED: 1957
REVENUE: $484 million
Architectural coatings; Marine and protective coatings; Wood coatings
Arsa Sarasin, honorary chairman; Prachak Tangkaravakoon, president; Motoo Horiguchi, senior executive VP; Rams Das Ahuja, executive VP.
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. It derives 90 percent of its revenue from its home market.
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 JV between TOA Paint Thailand and Chugoku Marine Paint; TOA Union Paint Thailand, a JV company with Japanese-based wood coatings producer Union Paint; TOA Vietnam; Shanghai-TOA Paint; and TOA Paint Malaysia.
TOA has emerged one of the largest paints & coating producers in the ASEAN region. The company operates three production plants in Thailand and five in other countries of ASEAN region. With a sales revenue of THB 12,059.6 million in the first nine months of the year 2018, the company registered a growth of 5.3 percent as compared to the figures of previous year nine months. In the previous full financial year (2017), the company had registered sales revenue of THB 15,717.7 million.