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Company History

2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2009
2006
2005
2004
2001
1995
1994
1993
1992
1988

Year 2024

  • The Company invested in Paisan Capital Company Limited (“Paisan”) by acquiring newly issued ordinary shares amounting to 50,000,000 shares, equivalent to the shareholding of 33.33%, in consideration for the total price of 825,000,000 Baht. The source of fund was from the Company’s working capital. Paisan engages in offering hire purchase financing for second-hand trucks, revolving business credit and refinancing loans. The transaction of Paisan's shares acquisition are intended to create growth, mutual business opportunities and broaden the Company's business ecosystem to expand the variety of services in order to obtain well-being and contentedness for customers.
  • The Company invested in Thai Paiboon Equipment Company Limited (“TPB”), by purchasing additional ordinary shares in a proportion of no less than 10.00% of total issued shares after the capital increase. The investment value did not exceed 103,000,000 Baht by March 2024. The source of fund was from the Company’s working capital. In this regard, the Company is entitled to acquire additional ordinary shares of TPB with the aim of holding no more than 33.33% of the total issued shares post-capital increase. The total investment value throughout the project is estimated to be at 400,000,000 Baht, which is subjected to TPB's performance. This investment will take place periodically, but not later than 2025, and must be approved by the Board of Directors' meeting. TPB engages in the production and distribution of Refuse Derived Fuel (RDF), along with participating in waste management, system design, and the manufacturing & installation of machinery used in the waste management process. The acquisition of shares in TPB is aimed at continuity and expanding the waste management system business to process into fuel. This initiative aims to reduce environmental impact by minimizing resource usage. Additionally, it serves as a strategic expansion into other businesses to enhance value and support the Company's overall growth.
  • Max Solutions Service Company Limited ("MSS"), the Company's subsidiary, has launched a new annual membership card, "Max Card Plus EV," in order to expand its service user base in response to the continuous increase in electric vehicle registrations. The EV card aims to connect users of all car types to the robust Max World business ecosystem, offering a variety of new benefits all in one card. Priced at THB 599 per year, the card includes discounts on services such as electric vehicle charging at EleX by EGAT stations, totaling 120 stations nationwide, including over 50 PT service stations, and partner service points within the EleXa network for THB 50 per use (up to 2 times per month). Besides from the abovementioned of benefits, customers with both EVs and conventional vehicles receive further benefits, such as a discount of THB 0.5 per liter on fuel (up to 100 liters per month), a 50% discount on coffee at Punthai Coffee and Coffee World stores (10 cups per month), and complimentary roadside assistance valued at 1,800 Baht (2 services per year). Exclusive privileges tailored for EV drivers and special deals with leading merchant stores are also available, which can be found at www.maxcardplus.com/maxplus.
  • GFA Corporation (Thailand) Limited (“GFA”) (The Company’s subsidiary holding 99.99% of its shares through Punthai Coffee Company Limited) has established a new subsidiary to operate in food and beverage business, Go Luck Company Limited (“GL”), GL has a registered capital of 50,000,000 Baht, divided into 50,000 ordinary shares. GFA has acquired a 70.00% stake in the total registered capital, equivalent to 35,000 shares, with an investment value of 35,000,000 Baht. This makes GL an indirect subsidiary of the Company. The establishment of GL aims to engage in the food and beverage business, including operating as the Master Franchisee under the name and trademark "Subway" and managing restaurants under the name and trademark "Subway" in Thailand. The Master Franchise rights has been effective since April 1, 2024 onwards. Furthermore, GL has established Go Subway Company Limited ("GS") to operate restaurants under the name and trademark "Subway". GL holds 998 shares in GS, representing 99.80% of the total registered capital of GS. The source of funds for this investment comes from the Company's internal working capital. As a result, GS will also be an indirect subsidiary of the Company.
  • The Company had been ranked 58th for the first time by Fortune Southeast Asia 500 in 2024 among the largest companies in Southeast Asia based on the Company’s revenue in 2023 of 198,811 MB or 5,716.6 M USD. This ranking highlights the dedication of the team, which has been crucial in achieving strong performance and sustainable business growth, providing the best to customers and consumers through diverse business strategies aligned with the vision of "Well-Being and Contentedness." The Fortune Southeast Asia 500 ranking was first introduced in 2024 to list the 500 largest companies in Southeast Asia based on annual revenue. The initial ranking includes companies from seven Southeast Asian countries: Thailand, Indonesia, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia.

Year 2023

  • The Company has introduced the "Max Enterprise Connect" platform, aimed at streamlining fuel, fleet, and personnel management for entrepreneurs and logistics firms of all sizes. This innovative platform offers access to advanced management technology, eliminating the need for foreign software, fees, or charges. Not only does it replace outdated fleet card systems, but it also meets the evolving demands of the logistics sector, which has become increasingly complex. Leveraging its extensive network of over 2,000 service stations and more than 50 Max Camp truck stops nationwide, the platform enables Thai entrepreneurs to efficiently manage transportation costs and meet the diverse needs of logistics businesses. With user-friendly interfaces, targeted problem-solving, real-time processing, and streamlined workflows, this solution has undergone rigorous research for over a year, design, and testing, including real-world trials with the Company's own fuel delivery fleet. It has consistently demonstrated its ability to significantly reduce costs, save time, and enhance profitability for entrepreneurs.
  • Maxbit Digital Assets Co., Ltd. ("MAXBIT"), a joint venture of the Company, has recently secured a license from the Ministry of Finance to operate in the digital asset sphere, on May 19, 2023. This license encompasses two key areas: acting as a cryptocurrency broker and a digital token broker. Ahead of commencing formal operations, the Securities and Exchange Commission ("SEC") will conduct a thorough assessment. It is anticipated that MAXBIT will officially begin its services in the fourth quarter of 2023.
  • PunThai Coffee Co., Ltd. ("PUN"), a subsidiary of the Company, has entered into a strategic collaboration with Kasetsart University, as evidenced by the signing of a Memorandum of Understanding (MOU). This MOU aims to bolster educational initiatives, foster research endeavors, and drive various knowledge and innovation advancements. Additionally, the partnership extends to supporting the distribution channels for agricultural products originating from Kasetsart University. Through joint efforts, they are also championing local ingredients, particularly those that are challenging to procure, to craft unique consumer experiences. Notably, they have initiated campaigns such as "Corn Loads, Suwan Farm,"unveiling three menu items crafted from milk and corn sourced from Suwan Farm. Subsequently, they introduced "Original Mini Mangoes from Songkhla," a novel beverage menu featuring mini mango, aimed at elevating the value of products and fortifying the PunThai coffee brand. Furthermore, their commitment extends to steadfast support for Thai communities and farmers, aligning with our overarching mission to foster growth opportunities with partners and communities across various sectors, including energy businesses and comprehensive service expansions. This collective effort is geared towards enriching happiness and enhancing the quality of life for all stakeholders involved.
  • Atlast Energy Co., Ltd., a subsidiary of the Company, proudly presents its groundbreaking product, the aluminum gas cooking pot named "PT ALUMAX." This pioneering creation is tailored to meet customer demands, marking a significant milestone in kitchenware innovation. With a customer-centric philosophy driving our business, we strive to carve a niche in the market, cater to evolving consumer needs, and align with modern lifestyles. PT ALUMAX sets a new standard in safety, outperforming traditional gas cooking pots with its seamless design, rust resistance, lightweight construction, recyclability, and industry-standard certification. It is designed to fulfill all cooking requirements efficiently. Currently, the product is available at over 100 PT Gas Retail stores throughout Bangkok and its suburban areas, bringing convenience and quality to kitchens across the region.

Year 2022

  • The Company launched “PT Max Park Salaya”, The first full service station locates inbound side of Borommaratchachonnani Road, Salaya district, Nakhon Pathom province. Including station with a modern design and 30 digital fuel dispensers in order to adequately support the station users during peak hours. Moreover, the Company greatly emphasized on services provided to customer, therefore, the Company firstly launched PT Service Master with special training, who will facilitate the best-in-class services in the market. Therefore, the customer was assured that they will receive the highest satisfaction from PT Service Master.
    There was a community mall which consisted of the Company's own businesses such as “Punthai Coffee”, “Coffee World”, convenience store “Max Mart”, drug and medical supplies distribution “Nexx Pharma”, household gas shop “Max Gas” and auto care services center “Autobacs”, and many of the Company’s partner stores including food and lifestyle. Moreover, there was a Co-working space to support the lifestyle of the new generation customers, students, and surrounding communities as well.
    PT Max Park Salaya will be a prototype of PT station, with the goal of expanding a full-service station along Thailand’s main roads in the future
  • The Company expanded Non-Oil Business, led by "Punthai Coffee" outside PT station to expand the comprehensive service. As coffee shop becomes a place for people to work, meet and relax, in order to expand services to accommodate city people with an urban lifestyle, therefore, the Company launched Punthai Coffee outside PT station, in the central business district (CBD), such as Silom, and Chong Nonsi, etc. The aforesaid of expansion of Punthai Coffee in the central business district can facilitate existing customers to easily order food and beverages, and acquire new customers by increasing brand awareness through delivery applications such as Grab Food, Line Man, Shopee Food, and Robinhood.
  • The Company has launched the newly rebranded Coffee World as a Specialty Coffee destination, bringing together unique coffees from renowned coffee plantations around the world into one place. Coffee enthusiasts will be able to experience the mellow and aromatic flavor of each coffee species from baristas who are experts on coffee and preparing beverages. Coffee World has also redesigned its logo in order to better reflect its contemporary imprint, and a sense of warmth and kindness pervades the atmosphere. Moreover, Coffee World is keen on assisting Thai baristas to unlock their maximum potential and participate in global competitions, which will assist in the expansion of the Thai coffee industry.
  • As the Company has officially announced the partnership with the Electricity Generating Authority of Thailand (EGAT) to install an electric vehicle (EV) charging station inside PT service stations in 1Q2021, namely “Elex by EGAT Max”. In 2022, Elex by EGAT Max has already placed up to 65 stations which covered the major routes nationwide in order to be a part of creating sustainable "Well-Being and Contentedness " in every stage of the consumer's life.
    Furthermore, the Company unveiled the new EV charging station which locates at PT Max Park Salaya in July 2022. The aforesaid EV charging station is equipped with a 125 kW DC fast charge in 4 parking lots in order to facilitate EV users, and has been designed in accordance with the new “Rest Eat Play” concept which is simple, uncomplicated, and emphasizes on clean energy to represent the nature of ecologically concerned EV customers.
  • The Company has officially launched the Max Me application, which enables more than 19 million existing PT Max Card users to conveniently collect Max Points and use the e-Wallet function via mobile in the digital era. The Company has three initiatives to create growth on Max Me application. Firstly, to expand the Max Me app's subscriber base by converting PT Max Card users of over 19 million members to accept digital payments at the Company's ecosystem within the application, including PT service stations, Punthai coffee shops, Max Mart convenience stores, Coffee World, etc. Secondly, to enhance the business ecosystem by collaborating with potential retailers in order to provide all-encompassing advantages to users. Finally, to develop the procedure of redeeming Max Points, so that consumers could experience "Well-Being and Contentedness" while living in the Company's ecosystem.
  • The Company's wholly owned subsidiary, Punthai celebrated the 10th year anniversary on September 19th, 2022. In commemorating this milestone, the Company’s wholly owned subsidiary, Punthai, launched the "Wayla Pen Tai" campaign. Punthai also unveiled four strategic initiatives for the future growth; 1) Targeting to expand the franchise model both inside and outside services stations, 2) Developing new beverages by sourcing the finest local ingredients from local farmers nationwide, 3) Emphasizing more on the delivery platform to create awareness, visibility, and brand accessibility to customers and 4) Using customers' data from PT Max Card membership to develop new indicator tools of analyzing consumer behavior to increase product sales and frequencies.
  • The Company signed a memorandum of understanding (MOU) with the Faculty of Commerce and Accountancy, Chulalongkorn Business School (CBS) as part of developing the new educational project, namely "CBS Lounge by PTG". This project aims to launch a CBS Café by Punthai and a convenience store CBS Mart by Max Mart for university students to learn and form a business, and to become a future businessman in accordance with "The Real Business in The School" concept.
    The initial cooperation of this project was divided into three parts: 1) Punthai Coffee will sponsor CBS Café (a coffee business), 2) PT Max Mart will support CBS Mart (a convenience store), and 3) CBS Co-Working Space will be a place for welcoming customers and facilitating students’ learning. The CBS Lounge by PTG will not only enable students to learn the coffee preparation or selling consumable products in a convenience store, but it will also let them enhance their skills in all aspects of business management, including online business, marketing, and accounting, among others.
  • The Company signed a construction and management contract of the waste-to-energy power plant project at Ban Phru municipality, Songkhla province. The investment value of this project is no less than 600 MB and has received a project license according to the announcement of the Energy Regulatory Commission. The Minister of Interior has approved this project since September 27th, 2016 for the purchase of 4.5 megawatts of electricity which will thereafter be sold to the Provincial Electricity Authority. According to the Company's vision of promoting "Well-Being and Contentedness" in all aspects of stakeholders' lives, the aforementioned collaboration will help reducing the amount of cumulative waste, odor, waste water, and making waste beneficial as well as help improving the health and environment of people in the communities.

Year 2021

  • The Company has formally launched the charging station; Elex by EGAT Max in PT service stations, through a partnership between the two leading energy business players in Thailand; the Company and EGAT. The EV charging stations have been installed in 5 PT service stations, with the plan to expand along the highways and major tourist destinations to cover 13 provinces all over the country within 2021. The ‘Elexa by EGAT’ application can be downloaded both for IOS and Android users to locate the PT oil service stations, pay for the fees, check the EV charger status and receive privileges from the loyalty programs. The objective of this project is to offer confidence and comfort for EV users both in the city and upcountry, as well as to meet the needs of EV users that are going to increase. With this, the Company would like to take part in materializing "Well-Being and Contentedness" in our customers’ every stage of life.

Year 2020

  • The Company launched 24-hour emergency road assistance service within a radius of 10 kilometers from the nearest PT oil service station called "Max Service", which provides emergency oil delivery services in Bangkok, vicinity areas and other provinces to customers for 4 liters per time with a delivery fee of 100 baht per time or 100 points per time for PT Max Card members. In addition, there is also an unlimited number of emergency roadside assistance services such as emergency vehicle towing services, emergency battery assistance, car repair service (in a case that it can be repaired immediately), key or tire assistance service, accident assistance service, and coordination service for moving the car to the auto repair center. The service fees will be charged at the actual service rate. Customers can contact for the service at 1614 press 2. Furthermore, the Company continues to develop new services to meet the needs of customer more accurately and thoroughly.
  • The Company started the business of selling LPG for households to expand the comprehensive service of LPG business. The goal is to provide the household LPG service in responding customers’ needs and to help solve problems that users have experienced from using the service in the past. In this year, the Company has started to provide LPG for household customers in the Company’s oil stations in Bangkok and the vicinity areas. Afterwards, the service will be expanded to other regions nationwide. Moreover, the Company will continue to provide services that connect with customer lifestyle.

Year 2019

  • Company received 2 awards at the SET Awards 2019.
    The awards are including: Outstanding Investor Relations Awards which will be given to organization with outstanding in Investor Relations Activities. PTG was also selected on the list 'Thailand Sustainability Investment' (THSI) for the second consecutive year which awarded to listed companies that have complied with the sustainability assessment criteria from the Stock Exchange of Thailand (Environmental, Social and Governance: ESG) in line with international standards.
  • The Company received 3 awards from the ASEAN Business Awards (ABA) 2019 took place on 2nd November 2019 as part of the ASEAN Business & Investment Summit (ABIS) 2019
    organized by the ASEAN Business Advisory Council (ASEAN-BAC) in collaboration with the Thai Chamber of Commerce FTI and the Thai Bankers' Association. The objective is to promote and support ASEAN companies contributing to ASEAN’s economic growth, as well as, promoting ASEAN SMEs to become a leading company with international competitiveness. The 3 awards are:
    1. The Winner under the category of 17 Priority Integration Sectors: Energy (Large-Tier)
    2. Outstanding Business Award in Human Resource Development or The Country Winner, Skills Development (Large-Tier)
    3. Outstanding Business Award for Sustainable Society or The Country Winner, Sustainable Social Enterprise (Large-Tier)
  • The Company received 2 awards from the Thailand Kaizen Awards 2018 on August 30, 2019. The first award is "Golden Award" from "Intension 3D" team, a team from Oil Depot Management Department, Procurement Department and Information Technology Department with the project “Increasing Efficiency in Managing Oil Stock at Depots and Service Stations”, which competing in the Service Kaizen category. Another award is “Silver Award” from “Lift Gear” team, a team from Logistics Department, with the project “Reduce the Risk of Lifting the Truck Gear” which competing in the Genba Kaizen category. The achievement of these awards will be further developed and utilized to improve the Company’s efficiency.
  • The Company has approved by the board of directors to change Punthai Coffee Company Limited’s sharing proportion in Jitramas Catering Company Limited from 314,999 shares or 69.99 percent to 449,999 shares or 99.99 percent in order to increase flexibility in determination of business direction.
  • The Company launched a new PT Max Card that was able to provide benefits and meet the lifestyles of customers more comprehensively. In addition to collecting points from using services under PTG group, customers can still earn points, redeem discounts and rewards, and transfer points between the membership card with over 100 partners. The aim is to extensively meet the needs of customers, not only providing services under PTG’s businesses, and to create a wider brand awareness of PTG. The Company aims to increase PT Max Card members from 10 million members in 2018 to 20 million members in 2022.
  • The Company first opened the service for selling diesel B20 at PT station Khao Yoi 2nd branch. The aim is to promote the use of diesel fuel that contains more biodiesel which will help reducing the transportation cost and public fares responding to the government policy. The policy that wants to support palm oil farmers who face problems of the falling in palm prices due to oversupply of palm oil products. Regarding the strengths of PTG in having a comprehensive service station throughout the country and PT Max Card members who are in commercial transport segment. Therefore, PTG is able to instantaneously provide diesel B20 service in order to add more choices and services to customers in a more comprehensive aspect. Recently, there are 807 service location of diesel B20.
  • The Company launches "Krungsri is here" service which customers can deposit and withdrawal money of Krungsri bank accounts at the Max Mart convenience stores. All customers can make deposit transactions more conveniently by just having Krungsri bank account number and ID card. In addition, customers can withdraw money from Krungsri debit ATM cards, and Krungsri credit cards same as doing transactions via AT. This service aims to facilitate the convenience of customers in PT stations. Customers can use this service from 08:00-22:00 hrs.
  • The company issued and offered 3 year debentures in the amount of 1,400 million baht with a fixed interest rate of 3.63% to replace the matured debentures with a value of 1,700 million baht.

Year 2018

  • The Company has approved Punthai Coffee Company Limited, a subsidiary, to acquire of shares of Jitramas Catering Company Limited or "JTC" totaling 315,000 shares, representing 70% of total share. JTC is a manufacturer and service provider of food and beverage business including cooked fresh food, chilled food, frozen food, and catering service for leading hotel in Thailand. PTG recognizes the potential for future business growth and to support the growth and development of the food and beverage business under the Company's network to have same quality and standards. Furthermore, JTC could add variety of food product to meet the needs of consumers for maximum satisfaction.
  • The Board of Directors had approved of the Company’s participation in a joint investment with Bangkok Aviation Fuel Services Public Company Limited or "BAFS" to found a new subsidiary, BPTG Company Limited or "BPTG", with a registered capital of Baht 100 million which PTG holds 60% of the total shares. The objective of this joint venture is to operate service stations near the oil pipeline to the northern part of Thailand of Pipeline Transportation Limited or "FPT". The Initial plan is to develop land near the oil depot and oil pipeline in 3 areas including Phichit, Lampang, and Kamphaeng Phet.
  • The Company won 2 Kaizen Awards from the Thailand Kaizen Awards 2018 on August 31, 2018. The first one is "Golden Award" from "Color Swap" team, a team from Service Station Department, with the project “Reducing Costs and Developing the product of Water Finding Paste”, which competing in the Kaizen Innovation category. Another one is “Silver Award” from “Digital Man” team, a team from Information Technology Department and Service Station Department, with the project “Reducing time to issue tax invoices” which competing in the Kaizen for Office category. The achievement of these awards will be further developed and utilized to improve the Company’s efficiency.
  • The Company received Innovation Management 2018 as being an organization that promotes excellent innovation. The award is granted by the National Innovation Commission, National Innovation Agency, for organizations with sustainable growth. This award will be given to organizations with innovation leadership, strategies based on innovation, effective structures, and innovative development plans on environments and employees.
  • The Board of Directors had approved the Company to jointly invest with Mr. Woottichai Preeputtarat in the establishment of Innoligent Automation Company Limited ("INA") with the registered capital of 5.5 million Bath. The Company holds 60% of INA’s total shares. INA was established with the objective to develop management equipment and customer information storage within the service station. This will greatly increase the efficiency and accuracy of the service station management. It will also improve data processing to meet the needs of customers more comprehensively.
  • The Company was selected to be in Thailand Sustainability Investment (THSI) organized by the Stock Exchange of Thailand. PTG has a policy to continuously manage sustainability in all dimensions, including environment, society, and economy. The company focuses on driving the organization to grow continuously together with good corporate governance, risk management, increasing operational efficiency, and creating value with all stakeholders. However, PTG still aim to develop and raise the organization to sustainable efficiency.
  • The Board of Directors of the Company had approved PTG Green Energy Company Limited or “PTGGE”, a subsidiary, acquired all shares of Innotech Green Energy Company Limited or ("IGE"), a joint venture between PTGGE and Eiamburapa Company Limited ("EBP"), which has signed a joint venture agreement on 25 November 2016, PTGGE held 60.00% of the total shares. The joint venture aimed operate ethanol production and distribution from cassava pulp. However, after studying the technology together between PTGGE and EBP, concluded that ethanol production technology from cassava pulp is not suitable for commercial business in this period. In addition, the machinery used to operate the business under this project may have high maintenance costs in the future. Therefore, the Company agreed to cancel the joint venture agreement and the contract related to this project with EBP and allow PTGGE to purchase all of the shares of IGE from EBP in total of 400,000 shares for a price of 5.80 million baht. However, the Company is in the process of studying technology about ethanol production that is suitable for the business under this project and can provide a better rate of return.

Year 2017

  • The Company agreed on signing the contract of Innotech Green Energy Co., Ltd. (IGE), a subsidiary, and Sapporo Holdings Ltd. on adoption of producing ethanol from cassava pulp technology. This technology induces the production of ethanol from cassava pulp by digesting carbohydrate into glucose, which be fermented to become ethanol. This is a value-added process of cassava waste and an essential feature to improve the standard of ethanol production which enhance sustainable renewable energy in Thailand.
  • The Board of Directors had approved of the Company’s participation in joint investment with Sammitr Motors Manufacturing PCL to mutually establish Sammitr PTG Pro Truck Solution Center Co., Ltd. (“PRO TRUCK”) to operate a comprehensive service and maintenance center for trucks (Truck Service Center), with the registered capital of 100 million Baht. The Company holds 400,000 shares, or equivalent to 40% of the total number of shares. To date, PRO TRUCK is the first and only operator in Thailand that provides comprehensive services. However, there is a plan to expand branches both inside and outside of PT service stations of not less than 100 branches in 2022. Furthermore, PRO TRUCK already launched the first branch at PT service station in See Kew district, Nakhon Ratchasima on November 14, 2017.
  • The Board of Directors had approved of PTG Green Energy Co., Ltd. (PTGGE), a subsidiary, to invest in Palangngan Pattana 5 Co., Ltd. (“PP5”) together with 3 other shareholders; Ms. Lek Saechao, P&C Group Co., Ltd. (“P&C”) and Sbang Sustainable Energy Co., Ltd. (“SBANG”) to operate the waste management system for electricity generation business, with the registered capital of 300 million Baht and the total of 3 million shares. The par value is 100 Baht per share, and the Company holds 1,530,000 shares or equivalent to 51.00% of the total number of shares.
  • The Board of Directors had approved of Punthai Coffee Co., Ltd., a subsidiary, to purchase common stocks of GFA Corporation (Thailand) Co., Ltd. (“GFA”) of 29,530 shares at the rate of 6,948.19 Baht per share, totaling 205 million Baht, or equivalent to 99.99% of the total number of shares. GFA operates the food and beverage business under the brands Coffee World, Cream & Fudge, New York 5th Av. Deli, Coffee World Restaurant and Thai Chef Express. In this regard, this particular transaction is for the objective of increasing opportunities and capabilities to venture into the food and beverage business in potential areas outside of PT service stations such as leading department stores, community malls, and airports both in Thailand and overseas to deliver diverse products and services to existing customers and to expand coverage of customer base.
  • The Board of Directors had approved of the Company’s participation in the joint venture agreement with Autobacs Seven Co., Ltd. (“AUTOBACS”), which is registered in Tokyo Stock Market, Japan to invest in Siam Autobacs Co., Ltd. (“SIAM AUTOBACS”) to operate the service and maintenance center for automobiles, with the registered capital of 169.90 million Baht, comprising of 15,989,998 shares of common stocks, 1,000,002 shares of preferred stocks, with the par value of 10 Baht per share. The Company holds 6,500,000 shares or equivalent to 38.26% of the total number of shares. Autobacs is the number one brand that provides quality and comprehensive automobile services from Japan, which can also render world-standard quality service to automobile users in Thailand. In this regard, SIAM AUTOBACS planned to expand not less than 200 branches both inside and outside or PT service stations by 2022.
  • The Board of Directors had approved of Punthai Coffee Co., Ltd., a subsidiary, to collaborate with College of Innovation Management, Suan Sunandha Rajabhat University on an academic program. The aim is to develop a course and improve a skill of students on customer service and coffee store management to match with the market demand and support the Punthai Coffee target expansion. Besides, there is opportunity for students to engage in internship program which would encourage them to grow in their profession.
  • The Company issued and made an offering of debentures amounting to 1,000 million Baht with the validity of 3 years and 700 million Baht with the validity of 5 years in order to prepare for the business expansion plan as part of the Company’s strategic direction.
  • The Company launched PT Max Reward Application, which is available for use with smart phones and tablets, both in IOS and Android platforms. The objective of launching this application is to enable users to access their service usage information, rewards and news from the Company, so that customers’ needs are being met more accurately and comprehensively.
  • Khun Pitak Ratchakitprakarn, Chief Executive Officer and President, PTG Energy PCL, received Best CEO Awards 2017 for the top executive of companies registered in the Stock Exchange of Thailand. This is the second consecutive year that the award was granted, which reflects the vision in directing the strategies, determination, dedication as well as the unique potential in managing the organization, leading to strong and well-established growth.
  • The Company received the results from the Corporate Governance Report of Thai Listed Companies 2017 conducted by the Thai Institute of Directors (IOD), whereby the Company got assessed “Excellent” in its corporate governance performance.
  • The Company received the honorary trophy “Outstanding Code of Conduct 2017” from the Board of Trade of Thailand (Towards Sustainability through Good Conduct), which reflects our dedication to operate the business with the principle of corporate governance, adhering to transparency and honesty.

Year 2016

  • The Extraordinary General Meeting of Shareholders No.1/2016; 1. approved PTG Logistics Company Limited, the subsidiary, to purchase shares of Ama Marine Company Limited (“AMA”), the provider of marine and land transportation of liquid, of 518,000 shares (32.01% of the total shares) amounting to THB 621.60 million. 2. approved bond issuance in the amount not exceeding THB 4,000 million or in other currencies with the equivalent amount for the purpose of business operation and expansion.
  • The Company issued bonds of THB 1,700 million over 3 years to support the business expansion as per the Company’s goal and strategy
  • The Company was approved by the Board of Directors to establish Empire Service Solution Company Limited to provide the service of installation, inspection, repair of fuel dispensers, service stations and all types of equipment. The Company would hold 60,000 shares with the par value of THB 100 per share (60.00% of the total shares)
  • There was the restructuring of shareholders in Ratchakitprakan family by transferring some shares to Ratchakit Holding Company Limited to support the long-term business governance of the family. After the share transfer, Ratchakit Holding Company Limited held 25.12% of the total shares, and most of the shares are still held by the existing holders. Nevertheless, such restructuring does not impact to the company’s policies and management system.
  • The Company launched its new engine oil product, “PT Maxnitron”, with high quality by using Syn4Max technology that can increase the efficiency of base oil to synthetic oil for the engine to be clean and efficiently work. The product will be on shelf of all PT gas stations.
  • The Company was approved by the Board of Directors for PTG Green Energy Company Limited, the company’s subsidiary, to do the joint venture with Eiamburapa Company Limited in order to establish Innotech Green Energy Company Limited to produce and distribute ethanol, biofuel from cassava pulp or starch as the renewable energy expansion plan of the Company. However, the subsidiary holds 600,000 shares with the par value of THB 100 per share (60.00% of the total shares)
  • By the end of the year, the company had 1,407 gas stations in total, and the members of Max Card increased to 5.6 million members as of 31 December 2016, as planned.

Year 2015

  • The Company was ranked as a "Very Good" in the Corporate Governance Report of Thai Listed Companies 2015 by the Thai Institute of Directors.
  • The Company received a certificate of participation in the private company group of anti-corruption to support the collaboration in anti-corruption under good corporate governance which is prepared by the Prevention and Suppression of Corruption Regiment Centre (NCC).
  • The Company received Investor Relations Awards 2015 - the award given to the listed company that have outstanding investor relations with the market price of securities between 3,000-10,000 million baht. The award was organized by the Stock Exchange of Thailand.
  • The Company paid for the investment of joint venture with Tha Chang (Bang Saphan) Palm Oil Company Limited (which later changed the name to PPP Green Complex Company Limited ("PPP") at the amount of 349.80 million THB in accordance with the joint venture agreement in Palm Complex project, which was signed in November 2014 and amended in December 2014.
  • The Company and the joint venture partner, PPP Green Complex Company Limited, signed a contract to purchase machinery and equipment used in the production of Palm Company project.
  • The Company began to provide LPG service stations for LPG consumers to receive quality and standardized products and services.
  • The subsidiary registered a change of name from Pyrenees Oil Company Limited ("PRN") to PTG Green Energy Company Limited ("PTGGE").
  • The subsidiary, PTG Logistics Company Limited ("PTGLG"), was established with the paid-up capital of 1 million THB, divided into 10,000 shares with 100 THB per share. The objective is to transport, load and unload fuel, gas and petroleum product as well as other products including passengers by land, sea and air for both domestic and international transportations.
  • The Company signed a 7-year contract for 250 billion THB to trade oil with Thai Oil Public Company Limited from 2015 to 2021 in order to build confidence and stability in efficient product supply in accordance with the policy to expand service stations in the future.
  • The Company has the resolution proposed to the Extraordinary General Meeting regarding 32.01% shareholding in AMA Marine Company Limited after the approval of the Company's Board of Directors. AMA Marine Company Limited engages in liquid transportation service by both sea and land in which the Company foresees the efficiency and opportunity in the future growth of logistics business.
  • The Company has the resolution proposed to the Extraordinary General Meeting regarding debenture issuance at the amount not exceeding 4,000 million THB to support the Company and its subsidiaries' business operations and expansions.
  • The Company acquired 9.55% shares of FPT engaging in the pipeline business as the Company focused on the potential of fast and safe oil unloading as well as the future improvement.
  • The Company expanded its 222 PT service stations comprising of 204 COCO stations and 18 DODO stations. As a result, at the end of the year, the Company had 1,150 PT service stations in total with the increasing Max Card members up to 3.8 million members as of 31 December 2015. Furthermore, there are totally 56 E20 gasohol stations.

Year 2014

  • In December, the Company has entered into a joint venture agreement in the Palm Complex, an all-in-one project for manufacturing and distributing palm oil, starting from growing palms for production process all the way to producing Biodiesel (B100) and cooking oil. The three co-investors involved in the transaction are:
    1. Tha Chang (Bang Saphan) Palm Oil Co., Ltd.
    2. PTG Energy Public Company Limited
    3. R&D Kasetpattana Co., Ltd.

    In this regard, the project construction will commence in Q1/2015. Palm oil extraction plant is expected to be completed within 2016, and the entire project is expected to be completed within 2017.

  • The Company has opened 212 new petrol stations with 192 stations as COCO and 20 stations as DODO stations, resulting in a total of 951 petrol stations across the country at the end of the year. In addition, the Company has also increased Gasohol E20 distribution, as another viable alternative for consumers, through 22 of its petrol stations.
  • The Company has invested in modernizing two large-scaled petrol stations with an attractive feel and a variety of services at Khao Pho, in Prachuab Khiri Khan province, and at Chainat Rest Area, in Chainat province. The Company expects the supplementary businesses at these stations to be opened in Q2/2015.
  • The Phitsanulok Tank Farm was opened for operation, in January, as the 8th tank farm, located in Bueng-Pra Sub-District, Muang District, Phitsanulok province. Having the storage capacity of 7.7 ML for services rendered to 63 petrol stations in the vicinity. The tank farm will accommodate future expansion of fuel supply area coverage in the Northern part of the country. 8 provinces are currently served by the Phitsanulok Tank Farm, namely Chiang Rai, Phayao, Nan, Lumpang, Phrae, Uttaradit, Sukhothai, and Phitsanulok.
  • The Company officially opened another tank farm in Nakhon Sawan Province, in September, as its 9th tank farm, located in Muong Hak Sub-District, Payuhakiri District, Nakhon Sawan Province. Having the storage capacity of 6.6 ML for services rendered to 44 petrol stations in the vicinity. The tank farm will accommodate future expansion of fuel supply area coverage in the Northern and Central parts of the country. 6 provinces are currently served by the Nakhon Sawan Tank Farm, namely Chainat, Uthaithani, Nakhon Sawan, Pichit, Kampangpetch, and Tak.
  • The Company set its Anti-Corruption Policy and announced its inception to be used with Company personnel including the Board of Directors, Executives, and all its employees in order to ensure integrity, transparency, and morality in its business operations; social responsibility; and, consideration for all related parties through good corporate governance.
  • The Company places importance on human resources development as an integral part of business expansion by promoting job specialization and skills enhancement. training is provided for employees both on operative and administrative level in order to enhance their potential both through hard skills development and soft skills. This year, the human resources development comprised:
    1. Establishing a training center in Phanat Nikhom District, Chonburi province, as the central training center for managers at PT COCO stations to ensure the same standard everywhere. This also includes a training center for logistics business personnel or Company truck drivers at Nong Khae Tank Farm, in Nong Khae District, Saraburi province. In this regard, emphasis is placed on operational safety, which is of utmost importance.
    2. Conducting a quarterly internal communication activity via "CEO Talk" to ensure unidirectional understanding of corporate objectives and strategies for all employees.
    3. Implementing Kaizen techniques as operational system improvement measures both on the operative and administrative levels to enhance operating efficiency and reinforce core values in continuous improvement. The activity received great cooperation from the employees, thus enabling and encouraging constructive feedbacks and suggestions for improvement, from all levels of employees, which is geared toward a more systematic operation, continuous improvement, excess time reduction, resulting in better cost management and long-term sustainability.
  • Setting up new IT policy to improve information system and communication network in order to efficiently support business operations. This pertains to information source quality control, critical data access security, and emergency protocols. The company has introduced ERP system for internal process support by storing information within a centralized database for ease of information linkage, while utilizing maintenance management system with equipment storage, maintenance management, and parts changing in order to effectively create and store maintenance historical information. Furthermore, the Company has created infrastructure and servers to securely and effectively improve the network.
  • Being certified with The International Ship and Port Facility Security (ISPS) Code, in accordance with the Department of Marine and Maritime, for the seaport at Mae Klong Tank Farm in Samut Songkhram province to prevent threats of terrorism or other unsafe acts against sea transport, ensuring the Company-valued security measures.
  • Implementing the CRM system for marketing and sales promotion, as well as accommodating the Max Card membership rewards program. By December 31, 2014, the number of PT Max Card holders reached 2.4 million. The Company has gathered consumer data from the CRM system and analyzed consumer behavior for each customer in order to better serve their needs and to accurately record points and prize redemption. Currently, points can now be accumulated from purchases made at Punthai Coffee.
  • Joining the "Full-liter petrol station campaign" and became certified by the Department of Internal Trade in accordance with the Measurement Act of 1999. Each petrol station is equipped with a standard 5-liter measuring device for calibrating and ensuring accurate volume of PT quality petroleum.
  • Valuing safety and control of maintenance standard for petrol stations on a continuous basis. Normally, Preventive Maintenance standard is verified every 4 months. In addition, the Company also set service standards and service quality follow-up process to ensure that services provided at the petrol stations meet the standards set by the Mystery Shopper, which serves as an excellent tool in evaluating the true quality of petrol station services. In this regard, the Company is able to improve the petrol station area management system in order to enhance transparency in managing the retail spaces more efficiently, in accordance with the Company's commitment to continuous improvement.
  • Being entrusted and selected as the major sponsor in Pra Dabos Foundation's Project for the second consecutive year. More importantly, the Company recognizes the importance of human capital development, thus it provided support in the forms of vocational scholarship and educational tools for students of Pra Dabos. In this regard, PTG customers nationwide had an opportunity to take part in the donation campaign, between August and September 2014, in which the donation amount contributed by the gross petrol sales volume and additional fund raising totaled Baht 15 Million.

Year 2013

  • The Office of the Securities and Exchange Commission approved the Company to offer 420 million ordinary shares at a price of Baht 3.90 each, by offering not more than 33.40 million shares to the Company's and its Subsidiaries' directors, executives and employees, and offering 386.60 million shares to general public (including the amount remained from offering to directors, executives and employees of the Company and subsidiaries). Consequently, the Company's registered capital increased from Baht 1,250.00 million to Baht 1,670.00 million. On May 30, 2013, the Company's shares were a listed stock in the Stock Exchange of Thailand and were first traded on the day.
  • The Company invested in Phitsanulok Tank Farm, being the 8th tank farm of the Company. The tank farm has a total capacity of 7.7 million liters for service rendered to petrol stations in 8 Northern provinces, namely Chiang Rai, Phayao, Uttaradit, Nan, Phitsanulok, Sukhothai and Phrae. It would be commercially opened in January 2014.

Year 2012

  • The Company was accredited ISO 9001 certification for receiving, storage and distribution of fuel oil (benzene and diesel) at Maeklong Tank Farm.
  • PTC decreased its registered capital to Baht 439.98 million by reducing the par value from Baht 100.00 each to Baht 73.33 each in order to write off PTC's accumulated loss.
  • The Company incorporated Pyrenees Oil Co., Ltd. ("PRN"), a subsidiary, with a registered capital of Baht 1.00 million, divided into 10,000 ordinary shares with a par value of Baht 100.00 each.
  • The Company incorporated Olympus Oil Co., Ltd. ("OLP"), a subsidiary, with a registered capital of Baht 1.00 million, divided into 10,000 ordinary shares with a par value of Baht 100.00 each.
  • The Company assigned a working group to arrange for the incorporation of Punthai Coffee Co., Ltd. ("Punthai Coffee"), a subsidiary, with a registered capital of Baht 5.00 million, divided into 50,000 ordinary shares with a par value of Baht 100.00 each. Then the Company purchased 49,997 Punthai Coffee shares from the working group at a price of Baht 100.00 each, equal to the value of shares paid up for incorporation.
  • The shareholders' meeting resolved to register a change of the par value from Baht 10.00 each to Baht 1.00 each, thereby the number of issued and paid-up shares increased from 125.00 million shares to 1,250 million shares. The meeting also approved the registered capital increase of Baht 420.00 million via issuance of 386.60 million shares for a public offering and issuance of 33.40 million shares for offering to its directors, executives and employees.

Year 2011

  • The Company assigned an operating panel to arrangefor the incorporation of Empire Oil Co., Ltd. ("EPO"), asubsidiary, with a registered capital of Baht 1.00 million,divided into 10,000 ordinary shares with a par value of Baht 100.00 each.
  • The Company assigned an operating panel to arrangefor the incorporation of Everest Oil Co., Ltd. ("EVO"), asubsidiary, with a registered capital of Baht 1.00 million,divided into 10,000 ordinary shares with a par value of Baht 100.00 each.
  • The Company assigned an operating panel to arrangefor the incorporation of Atlas Oil Co., Ltd. ("ATL"), asubsidiary, with a registered capital of Baht 1.00 million, divided into 10,000 ordinary shares with a par value ofBaht 100.00 each.
  • The Company assigned an operating panel to arrangefor the incorporation of Andes Oil Co., Ltd. ("AND"), asubsidiary, with a registered capital of Baht 1.00 million,divided into 10,000 ordinary shares with a par value of Baht 100.00 each.
  • The Company registered a change of name to PTG EnergyPublic Company Limited.

Year 2009

  • The Company assigned a working group to arrange for the incorporation of Pyramid Oil Co., Ltd. ("PMO"), a subsidiary, with a registered capital of Baht 1.00 million, divided into 10,000 ordinary shares with a par value of Baht 100.00 each. Then the Company purchased 9,997 PMO shares from the working group at a price of Baht 100.00 each, equal to the value of shares paid up for incorporation. Afterwards, the Company purchased 1 additional shares from the working group at a price of Baht 100.00 each, equal to the value of shares paid up for incorporation.
  • The Company assigned a working group to arrange for the incorporation of Alpine Oil Co., Ltd. ("APO"), a subsidiary, with a registered capital of Baht 1.00 million, divided into 10,000 ordinary shares with a par value of Baht 100.00 each. Then the Company purchased 9,997 APO shares from the working group at a price of Baht 100.00 each, equal to the value of shares paid up for incorporation.

Year 2006

  • The Company proposed Mrs. Lertlak Nadtasomboon, a shareholder of Pubadin Co., Ltd. ("Pubadin"), to invest in the Company. Mrs. Lertlak Nadtasomboon granted the Company a loan for repayment of debts (both Debt to Asset Management Company and Debt to Original Financial Institution) under the debt restructuring agreements made with said asset management company and financial institution. Mrs. Lertlak Nadtasomboon also purchased the Company's ordinary shares (Financial Lender Shares) from such financial institution, making her to become a shareholder of the Company and Pubadin to become a connected person of the Company.

Year 2005

  • PTC increased its registered capital to Baht 600.00 million by issuing 5.00 million new ordinary shares with a par value of Baht 100.00 each and offering the whole lot to the Company.

Year 2004

  • The Company entered into a debt restructuring agreement with an asset management company which had accepted a partial debt transfer from a financial institution ("Debt to Asset Management Company"). For the remaining debt not transferred to the asset management company ("Debt to Original Financial Lender"), the Company had negotiated for debt restructuring.

Year 2001

  • The Company decreased its registered capital to Baht 750.00 million by canceling the unpaid capital of Baht 250.00 million or 25 million shares.
  • The Company increased its registered capital to Baht 1,250.00 million by issuing 50.00 million new ordinary shares with a par value of Baht 10.00 each, 12.45 million shares of which were offered via a rights offering to existing shareholders and 37.55 million shares were offered to a financial institution according to the debt compromise agreement entered between the Company and the institution ("Financial Lender Shares").

Year 1995

  • The Company registered the conversion into a public limited company.
  • The Company split the share par value from Baht 100.00 each to Baht 10.00 each, thereby the number of shares increased from 5.00 million shares to 50.00 million shares.
  • The Company increased its registered capital to Baht 1,000.00 million by issuing 50.00 million new ordinary shares with a par value of Baht 10.00 each, 5.00 million shares of which were offered via a rights offering to existing shareholders, 20.00 million shares were offered via private placement to 7 specific investors, and 25.00 million shares remained unpaid.

Year 1994

  • The Company increased its registered capital to Baht 500.00 million by issuing, via a rights offering, 1.00 million new ordinary shares with a par value of Baht 100.00 each.
  • PTC undertook a shareholding restructuring. The Company became PTC's major shareholder holding a stake of 99.99%.

Year 1993

  • The Company increased its registered capital to Baht 400.00 million by issuing, via a rights offering, 1.36 million new ordinary shares with a par value of Baht 100.00 each.

Year 1992

  • The Company increased its registered capital to Baht 264.00 million by issuing, via a rights offering, 2.63 million new ordinary shares with a par value of Baht 100.00 each.
  • Petroleum Thai Corporation Co., Ltd. ("PTC") was incorporated on July 7, 1992 with a registered capital of Baht 100.00 million, divided into 1.00 million ordinary shares with a par value of Baht 100.00 each.

Year 1988

  • The Company was incorporated under the name Paktai Chueplerng Co., Ltd. on March 21, 1998 with an initial registered capital of Baht 1.00 million, divided into 0.01 million ordinary shares with a par value of Baht 100.00 each.
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