THAILANDSICThailand Standard Industrial Classification

TSIC Activity

24201

Manufacture of basic precious metals

การผลิตโลหะมีค่า

What this activity covers

This activity involves the production and processing of basic precious metals like gold, silver, and platinum from ores and scraps.

  • Precious metal production — Production and smelting of gold, silver, platinum, and other precious metals
  • Mixed precious metals — Production of mixed precious metals
  • Precious metal sheets — Rolling of gold and silver sheets on basic metals
  • Precious metal wire — Production of drawn precious metal wire
  • Foil sheets — Production of foil sheets from precious metals

What companies here also do

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

  • Metal recycling — Recycling metals and extracting precious metals from waste
  • Metal smelting — Operating metal smelting factories

Not included here

  • Non-ferrous metal casting See activity 24320
  • Manufacture of precious metal jewelry. See activity 32111.

Industry at a glance

as of 23 ก.ค. 69

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

80
active companies operate here
฿1.6Bregistered capital, combined
฿19.9B
Sector revenue · 2025
-97% since 2023
฿163.4M
Net profit · 2025
27 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
17%of new registered capital is foreign-held
฿5.1M foreign฿24.5M Thai

Foreigners are actively investing in this activity.

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

New in 2026

10+233.3%

registrations, YTD

Registered capital

฿1.6B+41.7%

since year-end

Largest by registered capital

  1. 1Regal Jewelry Manufacture Co., Ltd.Samut Sakhon฿543.0M
  2. 2Matsuda Sangyo (Thailand) Co., Ltd.intlPhra Nakhon Si Ayutthaya฿240.0M
  3. 3Refining Precious Metals Co., Ltd.Chon Buri฿200.0M

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.

29
Registered
since 2022
27
Still active
2
Dissolved
฿4.0M
Median capital
of active

New registrations per year

2022peak 9 in 20262026

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.

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