2003
Established Smothong Palm Oil Co., Ltd. on July 10, 2003, to engage in the business of producing and distributing crude palm oil (currently the Tha Chana Branch factory).
About Smothong Group
Company History
Company History
Smothong Group Public Company Limited and its subsidiaries (“the Group” or “SMO”) operate in the production and distribution of crude palm oil and related products, as well as the generation of electricity from biogas for sale to the Provincial Electricity Authority (PEA). The Group’s core business operations can be categorized into two main groups:
Business of producing and distributing crude palm oil and related products,with main products being crude palm oil (Crude Palm Oil or “CPO”) and palm kernels (Palm Kernel or “PK”). Additionally, there are by-products (“By-products”) arising from the production process, such as palm shells, empty fruit bunches (EFB), palm fiber, and others.
Business of producing and distributing electricity from biogas fuel by takingby-products from the crude palm oil production process to be fermented in ponds with microorganisms to obtain biogas (“Biogas”) and using it as fuel to produce electricity for use within the business and for sale to the Provincial Electricity Authority.
The Group of Companies originated from Smothong Palm Oil Co., Ltd., which was the first company in the Group, established in 2003 to engage in the business of producing and distributing crude palm oil. Located in Prasong Subdistrict, Tha Chana District, Surat Thani Province, it began commercial operations in 2010 with an installed production capacity of 45 tons of fresh palm fruit per hour (currently the Tha Chana Branch crude palm oil production plant of the Group of Companies).
From the combined knowledge, experience, and expertise of the management team, the business has operated smoothly and grown rapidly. The management recognized opportunities in the oil palm business and developed a vision to expand into additional areas through the subsequent establishment of Smothong Palm 2 Co., Ltd., Smothong Palm 3 Co., Ltd., and Smothong Palm 4 (Saraburi) Co., Ltd.
Later in 2017, an amalgamation was carried out between four companies under the same group of shareholders, directors, and core management. On January 4, 2017, they became Smothong Group Co., Ltd.
Subsequently, in 2024, the Group decided to acquire AL Palm Oil Co., Ltd., located in Thung Takhai Subdistrict, Khao Tako District, Chumphon Province. The acquired company operates in the production of crude palm oil and generates electricity from biogas fuel for sale to the Provincial Electricity Authority, consistent with the Group's core business. This acquisition will strengthen the Group in terms of product volume, cost management, and transportation expenses, among other factors.
Later, on March 21, 2025, the company transformed into a public limited company to prepare for listing on the Stock Exchange of Thailand. Currently, the Group consists of Smothong Group Public Company Limited as the parent company and three subsidiaries, with details as follows:
AL Palm Co., Ltd.
Engages in the business of producing and distributing crude palm oil and generating electricity from biogas fuel for sale to the Provincial Electricity Authority.
Mitprasong Green Power Co., Ltd.
Engages in the business of producing and distributing electricity from biogas fuel for sale to the Provincial Electricity Authority.
Team Evolution Co., Ltd.
Established in collaboration with 9 crude palm oil production companies with the objective to engage in the biomass power plant business. Currently, it has not yet commenced business operations.
Throughout the duration of past business operations, the Group has continuously improved and developed its operational and production processes under systematic management and adherence to ethics and good corporate governance. As a result, the Group has received certifications from various organizations, such as the Roundtable on Sustainable Palm Oil (RSPO), Green Industry Level 2, Good Hygiene Practice (GHP), Kosher standard, ISO 9001 Quality Management System, and ISO/IEC 17025:2018 General requirements for the competence of testing and calibration laboratories, among others.
Key Business Developments
2010
Smothong Palm Oil Co., Ltd. commenced commercial operations with a production capacity of 45 tons of fresh fruit bunches per hour.
Established Mitprasong Green Power Co., Ltd. on June 14, 2010, to engage in the business of producing and distributing electricity from biogas fuel.
2012
Established Smothong Palm 2 Co., Ltd. on January 20, 2012, to engage in the business of producing and distributing crude palm oil (currently the Phanom Branch factory).
2013
Established Smothong Palm 3 Co., Ltd. on September 24, 2013, to engage in the business of producing and distributing crude palm oil in Chumphon Province (currently no commercial operations).
Mitprasong Green Power Co., Ltd. commenced commercial operations.
2014
Smothong Palm 2 Co., Ltd. commenced commercial operations with a production capacity of 75 tons of fresh palm fruit per hour.
Established Team Evolution Co., Ltd. on August 15, 2014, to engage in the business of producing and distributing electricity from biomass fuel (currently no commercial operations).
Established Smothong Palm 4 (Saraburi) Co., Ltd. on October 27, 2014, to engage in the business of producing and distributing palm oil (currently the Saraburi Branch factory).
2015
Smothong Palm 2 Co., Ltd. commenced commercial operations in the business of producing and distributing electricity from biogas fuel.
2017
Smothong Palm Oil Co., Ltd., Smothong Palm 2 Co., Ltd., Smothong Palm 3 Co., Ltd., and Smothong Palm 4 (Saraburi) Co., Ltd. resolved to approve the amalgamation of all four companies, effective from January 4, 2017. Following the completion of the amalgamation, business operations continued under the name Smothong Group Co., Ltd.
2018
In April 2018, the Group's Saraburi Branch factory commenced commercial operations with a production capacity of 30 tons of fresh fruit bunches per hour.
2024
February 2024: Acquired ordinary shares of AL Palm Co., Ltd. (“AL”). After the transaction, the Company holds a 99.99% stake in AL, resulting in AL becoming a subsidiary of the Group. Following the takeover, the Company undertook machinery improvements, leading to a temporary suspension of AL's commercial operations.
Following the resolution of the Board of Directors Meeting No. 5/2024, held on May 10, 2024, it was resolved to approve the dissolution of SMG Products Co., Ltd. due to changes in the Group's business plan.
September 2024: AL commenced commercial operations with a crude palm oil production capacity of 60 tons of fresh fruit bunches per hour and a biogas-fueled power generation capacity of 2.13 MW. Consequently, after commencing commercial operations, the Group has a total crude palm oil production capacity of 240 tons of fresh fruit bunches per hour and a biogas-fueled power generation capacity of 14.38 MW.
2025
On March 21, 2025, the Company transformed into a public limited company to prepare for listing on the Stock Exchange of Thailand.