ABOUT TIPCO ASPHALT
Tipco Asphalt
Regional leader in asphalt solutions
Over the past 40 years, we have accumulated a vast amount of knowledge and expertise, not only in asphalt manufacturing but also in road application and construction across Asia. Through our experiences and specialized skills, we offer a wide range of asphalt products and solutions so that our partners, customers and communities can benefit in a sustainable manner.
With a fully integrated value chain, we strive to be your “Innovative Solutions Partner” who serve your unique needs, no matter where you are.
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Company Profile Brochure
tipco asphalt journey
1970s to 1980s
The beginning of our journey
1979
Founded “Tipco Emulsion Co., Ltd.” by the Supsakorn Family
1981
Began operations of the first asphalt emulsion plant at Ladkrabang Industrial Estate
1990s
Leading in Thailand and growing overseas
1991
Listed on the Stock Exchange of Thailand “TASCO”
1992-1994
Constructed 5 plants to encompass the 5 regions of Thailand
1995
Incorporated Hindustan Colas Private Limited “HINCOL”, a partnership with Colas S.A. and Hindustan Petroleum Company Limited in India
1998
Began operations of Lang Fang Tongtai Road Material Co., Ltd. the first joint venture in China
1999
Began operations of Tipco Asphalt (Cambodia) Co., Ltd. “TAC”
2000s
Strengthening our capabilities and networks
2000
Colas S.A. became major shareholder of Tipco Asphalt PCL
2008
Started commercial operations at Kemaman Bitumen Company Sdn. Bhd. “KBC” in Malaysia
2010s
Inspiring the future
2010
Achieved record breaking sales of 1 million tons of asphalt products
2014
Achieved record breaking sales of 2 million tons of asphalt products
2015
Formed Asia Bitumen Trading Pte., Ltd. “ABT” in Singapore, a joint venture with SK Energy of South Korea
2016
Acquired the operations of PT Asphalt Bangun Sarana “ABS” (Indonesia), Asphalt Distribution Co., Ltd. “ADCo” (Vietnam) and Highway Resources Pte., Ltd. “HR” (Singapore)
2010s
Inspiring the future
2017-2018
- Started road construction activities by acquiring Thai Slurry Seal Co., Ltd. “TSS” and Thanomwongse Service Co., Ltd. “TWS” in Thailand
- Formed Borneo Asphalt Sdn. Bhd., a joint venture with Senari Synergy in Eastern Malaysia
- Formed Tipco Asphalt Lao Co., Ltd. “TAL”, a joint venture with Seneoudom in Lao
- Formed Phonenix Asphalt Philippines Inc., a joint venture with Phoenix Petroleum in the Philippines
2021
and beyond
2021 and beyond
Sustainability Development is key for the future and with a fully integrated value chain, we look forward to becoming your “Innovation Solutions Partner”, to meet your unique needs no matter where you are
2010s
(Inspiring the future)
2017
Started road construction activities by acquiring Thai Slurry Seal Co., Ltd. “TSS” and Thanomwongse Service Co., Ltd. “TWS” in Thailand
2017
Formed Borneo Asphalt Sdn. Bhd., a joint venture with Senari Synergy in Eastern Malaysia
2018
Formed Tipco Asphalt Lao Co., Ltd. “TAL”, a joint venture with Seneoudom in Lao
2018
Formed Phonenix Asphalt Philippines Inc., a joint venture with Phoenix Petroleum in the Philippines
2021 and beyond
2021 and beyond
Sustainability Development is key for the future and with a fully integrated value chain, we look forward to becoming your “Innovation Solutions Partner”, to meet your unique needs no matter where you are
Mission
To be a globally preferred integrated asphalt solutions partner
Vision 2025
To provide asphalt solutions in a sustainable manner led by an innovative culture
Our Core Values
T
Teamwork
“We are the TIPCO ASPHALT Team”
We must have trust amongst each other and apply individual strengths to achieve team objectives
I
Integrity
“Zero Tolerance to misconduct”
We must always abide by lawful activities and adhere to industry best practices
P
Prudence
“We see it through and do what is right”
We accept risks with careful considerations and accountability of its consequences
C
Commitment
“We keep our word”
We ensure the needs of our stakeholders are met
O
Open-minded
“Open-mind makes us agile and welcome to change”
We are approachable and willing to cultivate diverse ideas with no fear of change, if necessary
Strategic Goals
S1 A Truly Global Entity
Recognized as the industry leader exemplifying global standards
S2 Diversified portfolio of solutions
Diversified portfolio of solutions to serve needs of all customers
S3 Innovation beyond product
Instill innovative culture within organization to improve efficiency of our processes and services
S4 Client-Centric
Exceed customers’ expectations through anticipation of their future needs
S5 Datum Driven Organization
Optimize business intelligence for efficient decision making
S6 Sustainable Organization
Encourage innovative, eco-efficient and safety mindset in a sustainable organization