History

TVO was established in 1985, and registered in Stock Exchange of Thailand in 1990. With continue improving that lead the company to deliver sustainable growth.

The Company was established in 1967 under the name of Nakornchaisri Oil Refinery Company Limited, a manufacturer and distributor of rice bran oil. Then, in 1985, the Company was registered as Thai Vegetable Oil Company Limited to operate and produce cooking vegetable oil and animal feed ingredients and was listed in the Stock Exchange of Thailand on November 14, 1990 as a Thai Vegetable Oil Public Company Limited or TVO. From operating the business into the 58th years, the Company is committed to conduct business in accordance with the principles of corporate governance with regard to responsibility to all stakeholders to make the Company grow sustainably and maintain leadership in the vegetable oil industry as well as create appropriate returns for shareholders regularly.

In the year 2024, climate change remained a key risk issue. The Company continued to conduct business on an ESG basis, adhering to the principles of efficient cost management, transparency, and fairness to all groups of stakeholders in a sustainable manner. Therefore, one of the strategies of the business plan in the medium and long term is seeking and studying new business ventures, promoting innovation to satisfy the needs of customers and consumers.

Major Development

2023 - 2024

TVO1 factory improvement

2022

Revamping the 1-liter-bottle design of vegetable oil bottles, using fewer plastic pellets to make by 4 grams per bottle (maintain the durability standard) resulting in a saving of 350,000 kilograms per year and developing cardboard boxes used for packaging vegetable oil are now made from recycled paper

2020

Launched new oil bottle design to be more comfortable for holding, opening and pouring

2019

Improving oil quality with ICE Condensing system
Launching new product - Canola oil
Expanding production capacity by installing Expander machine

2018

Adjusted the production technology of Full Fat Soy / Innovation Project - Nano Neutralization

2017

Exported soybean meal to other countries

2015

Launched Healthy Chef and Queen products for the CLMV market

2014

Prodigy Public Company Limited has increased capital causing the Company's shareholding was adjusted to be 31.85%

2010

Expanded production capacity to 6,000 tons of soybean / day and withdrew investment in Thai Vegetable Oil International Company Limited

2001

Expanded production capacity to 3,500 tons of soybean / day

2000

Expanded production capacity to 2,000 tons of soybean / day

1997

Expanded production capacity to 1,500 tons of soybean / day

1994

Held 65% of shares in Thai Vegetable Oil International Company Limited

1993

Held 43% of shares in Prodigy Company Limited, PET bottle packaging manufacturer

1992

Held 14% of shares in Thai Edible Oil Co., Ltd., King Rice Bran Brand

1990

Acquired the assets of Nakornchaisri Refinery Company Limited, expanding production capacity to 800 tons of soybean / day and listed on the Stock Exchange of Thailand

1985

Establishment of Thai Vegetable Oil Company Limited with a production capacity of 400 tons of soybean / day

1967

Established Nakornchaisri Oil Refinery Company Limited to produce rice bran oil with a capacity of 50 tons / day

Headquarter

149 Ratchadapisek Road (Thapra-Taksin) Bukkhalow Thonburi Bangkok 10600

Factory

81/7 Moo 1, Thaiyawas Sub-district, Nakorn Chaisri District, Nakorn Pathom Province 73120

CONTACT

+66 2 477 9020
info@tvothai.com