Established in 1945 by Chuann Chinthammit and two associates, KSL Group has become one of the leading sugar producers in Thailand. 1 Chamroon Chinthammit, who was appointed Managing Director in 1996, currently leads the company. After establishing four sugar business affiliates with factories in the Northeastern, Eastern and Western regions of Thailand, KSL Group has expanded its sugar business to include electricity and ethanol production. In March 2005, KSL Group listed its sugars businesses on the Security Exchange of Thailand as a public company, KhonKaen Sugar Industry PCL. In addition to its four sugar plants in Thailand, KSL also owns and operates sugar plants in Lao PDR and Cambodia, which started commercial production in 2009/2010.
The KSL group is a stakeholder in 2 sugar companies operating in Koh Kong: Koh Kong Plantation Co. Ltd (KKPC) and Koh Kong Sugar Co. Ltd (KKSI). All raw sugar produced from KSL’s plants in Cambodia and Laos is exported to the European Union under the EBA arrangement. 2 The sugar exports from Cambodia are currently being bought by Tate & Lyle.
- Tris Rating, Khon Kaen Sugar Industry PLC Rating Rationale, 2011. Available at: http://www.trisrating.com/en/pdf/announcement/KSL838-e-AujLiqhphg1.pdf . ↩
- Tris Rating, Khon Kaen Sugar Industry PLC Rating Rationale, 2011. Available at: http://www.trisrating.com/en/pdf/announcement/KSL838-e-AujLiqhphg1.pdf. ↩