THAILANDSICThailand Standard Industrial Classification

TSIC Activity

16210

Manufacture of veneer sheets and wood-based panels

ประกอบกิจการวิจัยและพัฒนา ออกแบบ ผลิต และจำหน่ายไม้พลาสติกคอมโพสิต

What this activity covers

This activity involves manufacturing wood veneers and various wood-based panels, including plywood and engineered wood products.

  • Wood Veneer Manufacturing — Production of wood veneers for plywood and other uses
  • Plywood Production — Manufacture of plywood to specified standards
  • Laminated Boards — Creation of laminated veneer and similar wood panels
  • Particleboard and Fibreboard — Manufacture of particleboard and fibreboard products
  • Wood Processing — Smoothing, staining, and finishing of wood products

What companies here also do

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

  • Furniture Manufacturing — Production of furniture components and finished products
  • Wood Product Sales — Selling various processed wood products
  • Wood Processing Factory Operations — Operating factories for diverse wood products

Foreign ownership

List 2: Restricted, Cabinet routeinherited from 16

Timber processing for the production of furniture and utensils

Mapped broadly to wood processing and furniture manufacture divisions; the item is limited to timber processing for furniture and utensils.

FBA B.E. 2542, List 2, Chapter 3 (13)Routes: Cabinet permission, US Treaty of Amity
List 3: Restricted, FBL/BOI route availableinherited from 1621

Production of plywood, veneer wood, chipboard or hardboard

FBA B.E. 2542, List 3 (4)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.

232
active companies operate here
฿27.9Bregistered capital, combined
฿56.9B
Sector revenue · 2025
+11% since 2023
฿-199606622
Net profit · 2025
86 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
56%of new registered capital is foreign-held
฿11.0M foreign฿8.5M Thai

Foreigners are strongly represented in new investment under this activity.

New in 2026

9+0.0%

registrations, YTD

Registered capital

฿27.9B-2.0%

since year-end

Largest by revenue

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

  1. 1Vonchai Panel Industries Co., Ltd.฿6.5B
  2. 2Ansen Technology Co., Ltd.฿5.1B
  3. 3Vonchai Group Public Company Limited฿4.5B
  4. 4Panel Plus MDF Co., Ltd.฿4.0B
  5. 5Metro Particle Co., Ltd.฿3.8B

Largest by registered capital

  1. 1Vonchai Panel Industries Co., Ltd.Bangkok฿4.8B
  2. 2Advance Asia Fiber Co., Ltd.Nakhon Ratchasima฿2.1B
  3. 3Metro Particle Co., Ltd.Nonthaburi฿2.0B

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.

50
Registered
since 2022
47
Still active
3
Dissolved
฿2.0M
Median capital
of active

New registrations per year

2022peak 16 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

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