THAILANDSICThailand Standard Industrial Classification

TSIC Activity

10722

Manufacture of refining sugar

ประกอบกิจการ ผลิต นำเข้า ส่งออก น้ำเชื่อม ผลิตภัณฑ์แปรรูปน้ำตาลจากอ้อยและแป้งมันสำปะหลัง เช่น น้ำตาลไอซิ่ง น้ำตาลผสม และอื่นๆ จำหน่ายในประเทศและส่งออกไปยังต่างประเทศ

What this activity covers

This activity involves the production and processing of various types of refined sugar and related products.

  • Granulated sugar production — Production of granulated sugar from raw sugar
  • Syrup production — Production of syrup from sugarcane
  • Invert sugar production — Production of invert sugar
  • Flavoured sugar — Production of sugar with added colours and flavours
  • Molasses production — Production of molasses as a by-product
  • Sugar processing — Cleaning, bleaching, and centrifuging sugar

What companies here also do

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

  • Sugar product sales — Selling various types of sugar and syrup products
  • Import and export — Importing and exporting sugar and related products
  • Blended sugar products — Manufacturing blended sugar products

Not included here

  • Production of raw sugar from sugarcane. See activity 10721.
  • Production of raw sugar from plants (except sugarcane) See activity 10723
  • Icing Sugar Production View Activity 10779

Foreign ownership

List 2: Restricted, Cabinet routeinherited from 1072

Manufacture of sugar from sugar cane

FBA B.E. 2542, List 2, Chapter 3 (9)Routes: Cabinet permission, 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.

129
active companies operate here
฿63.3Bregistered capital, combined
฿215.0B
Sector revenue · 2025
-24% since 2023
฿-1581285690
Net profit · 2025
54 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿8.0M Thai

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

New in 2026

4+300.0%

registrations, YTD

Registered capital

฿63.3B-1.3%

since year-end

Largest by registered capital

  1. 1Namtan Erawan Co., Ltd.Nong Bua Lam Phu฿6.1B
  2. 2Namtan Mitrphol Co., Ltd.Bangkok฿4.8B
  3. 3Kaset Thai International Sugar Corporation Public Company LimitedNakhon Sawan฿3.9B

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.

17
Registered
since 2022
16
Still active
1
Dissolved
฿5.0M
Median capital
of active

New registrations per year

2022peak 8 in 20232026

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

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