THAILANDSICThailand Standard Industrial Classification

TSIC Activity

10622

Manufacture of cassava starch

ประกอบกิจการโรงงานผลิตแป้งมันสำปะหลัง

What this activity covers

This activity involves the production of cassava starch and cassava flour with extracted protein.

  • Cassava starch production — Manufacturing starch from cassava
  • Cassava flour production — Creating flour from cassava with protein extracted
  • Modified cassava flour — Producing altered forms of cassava flour

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Trading cassava products — Selling cassava and its derivatives
  • Processing cassava — Handling and preparing cassava for production

Not included here

  • Production of unproteinated cassava flour called “tapioca flour”. See activity 10615.

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 106

Rice milling and production of flour from rice and economic plants

FBA B.E. 2542, List 3 (1)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

169
active companies operate here
฿41.1Bregistered capital, combined
฿110.6B
Sector revenue · 2025
-16% since 2023
฿886.3M
Net profit · 2025
79 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
100%of new registered capital is foreign-held
฿4.0M foreign฿0 Thai

Based on few new registrations this year — read as a rough signal only.

1 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

1-50.0%

registrations, YTD

Registered capital

฿41.1B+1.3%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1Ingridion (Thailand) Co., Ltd.intl฿10.3B
  2. 2Thai Wah Public Company Limited฿5.3B
  3. 3General Starch Co., Ltd.฿3.9B
  4. 4Siam Modified Starch Co., Ltd.฿3.7B
  5. 5Eiamheng Modify Starch Co., Ltd.฿3.6B

Largest by registered capital

  1. 1Ingridion (Thailand) Co., Ltd.intlSamut Prakan฿2.9B
  2. 2Chao Dee Modify Starch Co., Ltd.Nakhon Ratchasima฿2.2B
  3. 3Ubon Sunflower Co., Ltd.Ubon Ratchathani฿1.4B

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

14
Registered
since 2022
10
Still active
4
Dissolved
฿4.5M
Median capital
of active

New registrations per year

2022peak 5 in 20222026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand