THAILANDSICThailand Standard Industrial Classification

TSIC Activity

25201

Manufacture of bullets and bombs

ผลิต เป็นตัวแทน-จำหน่ายอาวุธ/เครื่องกระสุนปืน วัตถุระเบิด ดอกไม้เพลิง สิ่งเทียมอาวุธ เคมีภัณฑ์ ทั้งส่วนประกอบ-อุปกรณ์ต่างๆ

What this activity covers

This activity involves the manufacture of ammunition and explosives, including various types of bombs and related components.

  • Ammunition Manufacturing — Production of bullets and cartridges
  • Explosives Production — Manufacture of bombs and hand grenades
  • Mine Manufacturing — Production of landmines and similar devices
  • Torpedo Production — Manufacture of torpedoes
  • Cartridge Cases — Production of shot and cartridge cases

What companies here also do

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

  • Chemical Manufacturing — Production of chemicals related to explosives
  • Weapon Sales — Selling of manufactured weapons and ammunition

Not included here

  • Production of broken cups. See activity 20291.

Foreign ownership

List 2: Restricted, Cabinet routeinherited from 2520

Production, sale, repair and maintenance of firearms, ammunition, gunpowder and explosives; their components; armaments, ships, aircraft or military vehicles; and equipment or components of all types of war materials

FBA B.E. 2542, List 2, Chapter 1 (1)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.

8
active companies operate here
฿371.8Mregistered capital, combined
฿640.6M
Sector revenue · 2025
-11% since 2023
฿39.8M
Net profit · 2025
2 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿5.0M Thai

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

New in 2026

1+100.0%

registrations, YTD

Registered capital

฿371.8M-6.1%

since year-end

Largest by revenue

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

  1. 1Bullet Master Co., Ltd.฿398.4M
  2. 2Thai Arms Co., Ltd.฿242.4M
  3. 3Unio Defense Co., Ltd.฿3K
  4. 4Thai Pattanakarn Interarm Co., Ltd.฿2
  5. 5Siam Ammunition Co., Ltd.฿0

Largest by registered capital

  1. 1Thai Arms Co., Ltd.Bangkok฿256.4M
  2. 2Bullet Master Co., Ltd.Bangkok฿78.0M
  3. 3Siam Ammunition Co., Ltd.Bangkok฿20.0M

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.

2
Registered
since 2022
2
Still active
0
Dissolved
฿3.0M
Median capital
of active

New registrations per year

2024peak 1 in 20242026

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.

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