- CEO
- Krisada Chavananand
- Full Time Employees
- 338
- Sector
- Consumer non-durables
- Industry
- Food: specialty/candy
- Address
- 2044, Chavananand Building Bangkok BM Thailand 10310
- IPO Date
- Nov 12, 2014
- Business
- Vichitbhan Palmoil Public Company Limited engages in palm plantation, crude palm oil extraction and distribution, as well as related energy and logistics services in Thailand. The company produces crude palm oil supplied to refineries for food manufacturing including biscuits, creamer and ice cream, shampoo and cosmetics production, fatty acids and methyl ester; palm kernel oil used in margarine, bread, cooking fats, cosmetics, health supplements and oleochemicals, with seed residue for animal feed; by-products such as seeds, palm shells, empty bunches, decanter cakes and fibers; electricity generated from biogas derived from wastewater and production residues; and transportation services through its subsidiary Vichitbhan Logistics Company Limited. It operates two crude palm oil mills in Chumphon province with total capacity of 180 tons per hour, sources fresh fruit bunches from its own plantations of approximately 22,788 rai via 100%-owned Vichitbhan Plantation Co., Ltd. and external suppliers, and sells power to the Provincial Electricity Authority via subsidiary VG Energy Co., Ltd.. Founded in 1987 and headquartered at 2044 Chavananand Building, Phetburi Extension Road, Bangkok, Thailand, the company listed on the Stock Exchange of Thailand in November 2014 following a corporate restructuring that consolidated 100% ownership of subsidiaries Vichitbhan Palm Oil PCL and Vichitbhan Logistics Co., Ltd.. In recent years, Vichitbhan Palmoil reported net profit of 115.60 million baht for 2023 amid volatile palm fruit supply influenced by weather, implemented information systems for enhanced production management and cost efficiency, maintained ROE of 19.30% as of mid-2025 reflecting improved financial performance from prior losses, and continued focus on sustainable operations including biogas energy production without major announced acquisitions, partnerships or new product launches in 2024-2025..