Tipco Asphalt receives Star CSR Award: Executive Management Excellence

Tipco Asphalt receives Star CSR Award: Executive Management Excellence

On February 21, 2025, Tipco Asphalt Public Company Limited once again set the standard for corporate social responsibility, receiving the prestigious Star CSR Award: Executive Management Excellence by Puey Ungphakorn School of Development Studies, Thammasat University, in collaboration with the CSR Thai Club. The award ceremony was held at Puey Ungphakorn Centenary Hall, Thammasat University, Rangsit Campus.

The Star CSR Award was presented to Mr. Chaiwat Srivalwat, Chief Executive Officer, recognizing his leadership in driving impactful CSR activities, with Mr. Soranard Nantamontry, Deputy chief executive officer of Thailand Business representing the company to receive the award from Prof. Dr. Supasawad Chardchawarn, President of Thammasat University.

CSR toward Sustainability

The company showcased its commitment to corporate social responsibility (CSR) through an exhibition booth designed from biodegradable cardboard. Designed for reuse, the booth can be transformed into functional desks and chairs. After the event, the company donated the booth to Puey Ungphakorn School of Development Studies, enabling students to repurpose it for volunteer and community initiatives.

Driving Positive Change with ESG Values

This award reaffirms the company’s dedication to conducting business in accordance with ISO 26000 and the CSR-DIW standards set by the Department of Industrial Work, incorporating Environmental, Social, and Governance (ESG) principles into its core strategies.

By continuously innovating and leading with purpose, Tipco Asphalt remains committed to making a lasting impact on the environment, society, and economy—paving the way for a sustainable future

Surat Thani Plant, received the national award for “Healthy, Safe, and Happy Workplace

Surat Thani Plant, received the national award for “Healthy, Safe, and Happy Workplace

On December 20, 2024, Tipco Asphalt Public Company Limited, Surat Thani Plant, received the national award for “Healthy, Safe, and Happy Workplace” (Gold Shield category) for the year 2024 from the Ministry of Public Health. The award was presented by Dr. Direk Khampan, Deputy Director-General of the Department of Disease Control, Ministry of Public Health.

On January 29, 2025, the company also received a provincial award from the Surat Thani Provincial Public Health Office. The award was presented by Dr. Samniang Saengsawang, Deputy Provincial Public Health Doctor of Surat Thani.

This award highlights the company’s commitment to adhering to sustainable development policies, focusing on enhancing the overall quality of life for its employees. This includes promoting physical and mental well-being, as well as preventing various risk factors such as workplace accidents, chemical hazards, and machinery-related incidents. The company is dedicated to creating a safe working environment and fostering sustainable happiness in the workplace.

In 2024, a total of 109 establishments received awards, divided as follows:

  • Gold Awards: 71 recipients
  • Silver Awards: 38 recipients

In Surat Thani province, a total of 5 establishments received awards, divided as follows:

  • Gold Awards: 4 recipients
  • Silver Awards: 1 recipient

MOU Signed Between Tipco Asphalt and KMITL to Foster Sustainable Road Construction in Thailand

MOU Signed Between Tipco Asphalt and KMITL to Foster Sustainable Road Construction in Thailand

On January 15, 2025, Tipco Asphalt Public Company Limited, led by Mr. Soranat Nantamontri (Deputy Managing Director – Thailand Business Unit) and Mr. Surapol Ketkaew (Technical Director), joined hands with the Faculty of Engineering, King Mongkut’s Institute of Technology Ladkrabang, represented by Associate Professor Dr. Somyot Kiattiwanichwilai (Dean of the Faculty of Engineering) and Professor Dr. Uma Sibunruang (Head of the Department of Civil Engineering), to sign an academic cooperation agreement at the Engineering Innovation Development and Technology Service Center (EIDTs).

The collaboration aims to foster academic cooperation and facilitate various research studies to benefit both parties. Initiatives under this partnership include guest lectures by company experts for the university, support for construction site visits and laboratory testing, internships, and research projects for students focusing on developing construction systems and asphalt concrete products. These efforts seek to sustainably elevate excellence in academics, technology, industry, and the country’s road network.

Phitsanulok Plant was honored with the national “Disease-Free, Safe Workplace, Healthy Body and Mind Award 2024”

Phitsanulok Plant was honored with the national “Disease-Free, Safe Workplace, Healthy Body and Mind Award 2024”

On December 20, 2024, Tipco Asphalt Public Company Limited, Phitsanulok Plant, was honored with the national “Disease-Free, Safe Workplace, Healthy Body and Mind Award 2024” (Gold Level) from Ministry of Public Health. The award was presented by Dr. Direk Khumpan, Deputy Director-General of the Department of Disease Control, Ministry of Public Health.

This award highlights the company’s commitment to adhering to sustainable development policies, focusing on enhancing the overall quality of life for its employees. This includes promoting physical and mental well-being, as well as preventing various risk factors such as workplace accidents, chemical hazards, and machinery-related incidents. The company is dedicated to creating a safe working environment and fostering sustainable happiness in the workplace.

In 2024, a total of 109 establishments received awards, divided as follows:

  • Gold Awards: 71 recipients
  • Silver Awards: 38 recipients

Tipco Asphalt Public Company Limited (TASCO) has been awarded an “AA” rating in the SET ESG Ratings for 2024

Tipco Asphalt Public Company Limited (TASCO) has been awarded an “AA” rating in the SET ESG Ratings for 2024

Tipco Asphalt Public Company Limited (TASCO) has been awarded an “AA” rating in the SET ESG Ratings for 2024 by the Stock Exchange of Thailand and has been included in the SET ESG Ratings Index. In 2024, 228 listed companies met the criteria and were recognized for their sustainable practices under the SET ESG Ratings. The ratings comprise: AAA: 56 companies, AA: 80 companies, A: 71 companies, and BBB: 21 companies

TASCO’s “AA” rating reflects its unwavering commitment to sustainable business practices across all dimensions—environmental, social, economic, and corporate governance. This achievement highlights the company’s dedication to addressing the interests of all stakeholders while aligning with its strategic goal of becoming a “Sustainable Organization.”

The Department of Highways (DOH), in collaboration with the Japan International Cooperation Agency (JICA) and the Thailand International Cooperation Agency (TICA) under the Ministry of Foreign Affairs, organized the “Highway Asset Management, Batch 1”

The Department of Highways (DOH), in collaboration with the Japan International Cooperation Agency (JICA) and the Thailand International Cooperation Agency (TICA) under the Ministry of Foreign Affairs, organized the “Highway Asset Management, Batch 1”

The Department of Highways (DOH), in collaboration with the Japan International Cooperation Agency (JICA) and the Thailand International Cooperation Agency (TICA) under the Ministry of Foreign Affairs, organized the “Highway Asset Management, Batch 1” from November 11 to 29, 2024. The training sessions were held at the Terdsak Sedthamanop Seminar Room, 3rd Floor of the Training Division Building, Department of Highways.

This event featured distinguished speakers including Mr. Surapon Katekaew, Director – Technical and Mr. Christophe Duboscq, Senior Manager-Research and Development Center of Tipco Asphalt Public Company Limited. They delivered a lecture on “Sustainable Asphalt Practices and Materials” to enhance the participants’ knowledge. The key content covered:

  1. Sustainable Materials Usage: Incorporating Reclaimed Asphalt Pavement (RAP) and other recyclable materials to minimize environmental impact and improve durability.
  2. Roles of Cool Roads and Reflective Asphalt Surfaces: These innovations reduce heat absorption, mitigate urban heat island effects, and enhance road structure durability.

The seminar welcomed 22 engineers from nine nations, including ASEAN and BIMSTEC member countries. It was a pivotal opportunity for knowledge exchange and experience sharing to achieve sustainable and efficient highway asset management.  This training course was part of an international collaboration aimed at promoting sustainable highway asset management through the dissemination and transfer of expertise from relevant specialists. The initiative is expected to contribute significantly to developing sustainable infrastructure and transportation systems in the future.

Tipco Asphalt Public Company Limited is committed to developing the organization towards sustainability through economic, social, and environmental. In 2024, the Company’s sustainability assessment results by local and international rating agencies are impressive.

Tipco Asphalt Public Company Limited is committed to developing the organization towards sustainability through economic, social, and environmental. In 2024, the Company’s sustainability assessment results by local and international rating agencies are impressive.

  1. Sustainability assessment by the Stock Exchange of Thailand: The Company was ranked at “AA”, the second-highest level in the sustainability evaluation.
  2. Sustainability assessment by FTSE RUSSELL, UK: The company received a 3.6 out of 5, or 77 percentiles, compared to companies within the same industry globally.
  3. Sustainability assessment by S&P Global, USA: The company received a score of 51 out of 100, or 74 percentiles, compared to companies within the same industry globally.

*Tipco Asphalt Achieved 5-Star CGR Score of “Excellent”* Reaffirming Good Corporate Governance

จากผลการสำรวจด้านการกำกับดูแลกิจการของบริษัทจดทะเบียนไทยประจำปี 2567 (Corporate Governance Report of Thai Listed Companies 2024 : CGR) บริษัทฯ ได้คะแนนรวม 103 คะแนนซึ่งอยู่ในระดับ “ดีเลิศ” หรือ 5 ดาว

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Tipco Joint Sealer, a concrete joint sealant hot-poured elastic type, has received a carbon footprint reduction certification from Thailand Greenhouse Gas Management Organization (TGO)

Tipco Joint Sealer

Tipco Joint Sealer, a concrete joint sealant hot-poured elastic type, has received a carbon footprint reduction certification from Thailand Greenhouse Gas Management Organization (TGO)

Tipco Asphalt Public Company Limited is proud to announce that its concrete joint sealant hot-poured elastic type, known as Tipco Joint Sealer, manufactured at the Nakhon Ratchasima plant, has received the carbon footprint reduction certification from Thailand Greenhouse Gas Management Organization (TGO). This certification underscores the company’s commitment to promoting sustainable development. The product aligns with the company’s vision of integrating sustainability into its corporate strategy to “deliver sustainable living for all societies with innovative solutions.”

Receiving this certification reflects success in innovation and reducing environmental impacts, as well as supporting the company’s sustainable development goal, which is divided into three main areas: 1) Innovation Leader to achieve sustainable growth 2) Eco-Efficiency Operations with minimal impact on the environment through efficiencies and 3) Safety Awareness to promote the welfare and well-being of life in communities sustainably.

Jeeranart Construction Co., Ltd., a key business partner of Tipco Asphalt Public Company Limited, signed a contract for the Full Package: Medium service from Nila Solutions Co., Ltd. for a period of one year.

บริษัท จีรนารถก่อสร้าง จำกัด พันธมิตรทางธุรกิจรายหลักของ บริษัท ทิปโก้แอสฟัลท์ จำกัด (มหาชน) ได้ร่วมลงนามเซ็นสัญญาใช้บริการแพลตฟอร์มของ บริษัท นิลา โซลูชั่นส์ จำกัด แบบ Full Package : Medium เป็นระยะเวลา 1 ปี

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