- Business
- General Engineering Public Company Limited (GEL.BK) manufactures and distributes construction materials and provides related engineering services in Thailand and internationally, operating through three segments including manufacturing and distribution of concrete products; construction services; and manufacturing and distribution of prestressed concrete wire and strand. The company produces prestressed concrete piles, spun piles, soil cement columns, precast concrete, segments and girders, post-tensioned slabs, biaxial slabs, and glassfiber reinforced concrete for roofing, cladding, and other projects; construction chemical products for grouting, concrete repair and protection, tiling, waterproofing, rebar embedding, joint sealant, and admixtures; and PC wires and strands, while also offering installation, waterproofing systems, crack repair, structural reinforcement, and specialized engineering services. Founded in 1962 and headquartered at 44/2 Moo 2 Tivanont Road, Bangkadi, Muang Pathumthani, Pathum Thani, Thailand, GEL lists on the Stock Exchange of Thailand, with subsidiaries such as Seven Wire Limited, Nip Industries Company Limited, In Precast Limited, and General Engineering Mauritius Limited. Recent developments include the 2023 completion of its acquisition of a 55.43% stake in Inno Precast Company Limited via partial business transfer of precast factory operations from Quartz Holding 1, alongside a capital increase in the subsidiary for business expansion; a 2022 investment of 110 million baht in a subsidiary to bolster potential ahead of further growth; and a stock symbol change from GEN to GEL in March 2014.