THAILAND - Transport
President, Cho Thavee
Suradech Taweesaengsakulthai has an educational background in automotive engineering and business administration. He is the President of Cho Thavee.
As a seller of trucks in the northeast of Thailand, we figured that it was difficult to meet the needs of our customers because there were no factories offering cargo bodies in this region. Therefore, my father decided to offer the cargo body. While I was growing up in Thailand, cargo bodies were often just a wooden box or a basic steel body, sometimes even a small cement trailer. Today, we have developed a number of new products, catering to several industries and sectors around the world. To illustrate, most of our exports are to the Middle East, especially the UAE and Oman, and more surprisingly we are serving airports. In Abu Dhabi and Dubai, for example, we supply 100% and 70%, respectively, of all catering trucks used at their international airports. The company manages these exports by itself, meaning we have to market ourselves in these markets. Furthermore, we export to the end user; we don’t use a middle company. We also export to India, New Zealand, Australia, China, Korea, and across ASEAN, with several major airports using our products. And, of course, back to our roots in Thailand, we serve all of the airports.
In Thailand, it is difficult to say precisely, but an obvious global trend is that we are moving into a digital economy. Both the logistics and the industrial engineering sectors are becoming more digital, whereby the use of robotics and automation are crucial for everyday business practice. We have a small training centre in the company, where we train our people how to utilize robotics and how to use the necessary software for manufacturing. We try to train our own people in-house. How digitalization will ultimately affect this complex industry remains to be seen, but it is certainly here and we know we have to be on-board.
In ASEAN, we will achieve a stronger position in the market because we have a history of exporting. We export all over the world, and we are good at it. We are international in our approach, which means we are ready for ASEAN. It will have a positive impact on us. Of course, there is a chance that other competitors will come into our area, but we will stay strong because we are well-established.
In 2013, we decided on a 10-year growth strategy, Cho 2023. It is important for the company to bring in all of our ideas from across the management teams on how to do business and how to grow together. We have grown rapidly over recent years and, therefore, it is important to know where we are heading. We are listed on the stock exchange, have around 600 permanent staff, and in 2014 had revenues of approximately THB1.5 billion. Without going too much into the details of what our internal strategy includes, we make sure to meet for seven days every three months, exchanging information and assessing the core competencies and weaknesses of the company. Continuing with this strategy for the fourth year and acquiring new clients and partners will be our aim for 2016.
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