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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.

Company Profile Brochure

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Company Profile Brochure

VIEW | Download

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 Laos Co., Ltd. “TAL”, a joint venture with Seneoudom in Laos
  • 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 Laos Co., Ltd. “TAL”, a joint venture with Seneoudom in Laos

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

A Truly Global Entity

Recognized as the industry leader exemplifying global standards

Diversified portfolio of solutions

Diversified portfolio of solutions to serve needs of all customers

Innovation beyond product

Instill innovative culture within organization to improve efficiency of our processes and services

Client-Centric

Exceed customers’ expectations through anticipation of their future needs

Datum Driven Organization

Optimize business intelligence for efficient decision making

Sustainable Organization

Encourage innovative, eco-efficient and safety mindset inn a sustainable organization