Mitr Phol
| Headquarters | Thailand |
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| Subsidiaries |
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| Website |
www |
Mitr Phol Sugar Corp is Thailand's and Asia's biggest sugar and bioenergy producer.
Mitr Phol Sugar Corp is a privately owned group of companies, mainly owned by the Vongkusolkit family. As of 2014, Mitr Phol is ranked as the world's forth largest sugar producer, and the largest producer in Asia. It is Thailand's largest sugar producer and the second largest in China through its joint venture company East Asia Sugar. In addition to Thailand and China, Mitr Phol has operations and investments in Lao PDR, Cambodia and most recently Australia. Its key business units include Sugar, Ethanol, Biomass Energy, Fiberboards, and Logistics.
Within Thailand, Mitr Phol has six sugar mills, with a total production capacity of 130,500 tons of sugar cane daily. All mills have refineries attached and produce white sugar. The locations are:
- Suphanburi province ('Mitr Phol Danchang mill")
- Singburi province ("Singburi mill")
- Chaiyaphum province ("Mitr Phol Phu Khieo mill")
- Khon Kaen province ("Mitr Phol Phu Viang mill")
- Kalasin province ("Mitr Phol Kalasin mill")
- Loey province ("Mitr Phol Phu Luang mill")
The yearly capacity is about 20 million tons, yielding sugar output of approximately 2 million tons per year.
Mitr Phol's subsidiary company Mitr Phol Bio-Fuel Co., Ltd. has 4 ethanol plants with total capacity of 1,100,000 liters per day located in Suphanburi, Chaiyaphum, Kalasin and Tak provinces. Molasses, which is a waste product from the production of sugar, is used as feedstock to produce ethanol which is mainly used for blending in fuel as gasohol. Mitr Phol Bio-Fuel is Thailand's largest ethanol producer.
Another Mitr Phol subsidiary is Mitr Phol Bio-Power Co., Ltd. which has runs several biomass power plants attached to the sugar mills. These plants burn the fiber residue from crushed sugar cane called bagasses in order to power steam turbines to generate all the power needed for the mill. Excess electricity is produced and sold to the national power grid.
A third subsidiary company, Panel Plus Co. Ltd., manufacturers particle boards and MDF (medium density fiberboard) from bagasses and rubberwood chips. It has plants located in Chaiyaphum and Songkhla provinces.
Outside Thailand, Mitr Phol has 7 sugar mills in Guangxi province, China. In Lao PDR, the "Mitr Lao mill" is located in Xaybouli province.
Most recently in 2012, Mitr Phol acquired a stake in the Australian sugar producer MSF Sugar Limited.
Mitr Phol's corporate philosophy can be summarized into 4 points:
- Strive for leadership
- Believe in the value of human dignity
- Stand tall in fairness
- Responsible for society
The Vongkusolkit family's related businesses include Banpu Public Company Limited, which is listed on the Stock Exchange of Thailand, and the Erawan Group which owns various prime properties throughout the Kingdom including the J.W. Marriott Bangkok hotel, Ploenchit Center building, Amarin Plaza and the Hyatt Erawan hotel.