PSP Specialties celebrates 30 years of success as ASEAN’s leading manufacturer of lubricant products

PSP Specialties celebrates 30 years of success as ASEAN’s leading manufacturer of lubricant products

Stands ready to become the hub for lubricants around the world

PSP Specialties Co., Ltd, a fully Thai-owned and managed company, is celebrating 30 years of hard work and success that has led it to become ASEAN’s leading manufacturer of lubricant products. The celebratory event, held under the concept of “WALK INTO THE FUTURE”, received a very warm welcome from business partners within Thailand and overseas at Chandra Ballroom, Siam Kempinski Hotel Bangkok.

The event started with a video presentation showcasing PSP Specialties’ success story as a leading lubricants manufacturer in ASEAN for three decades.  The video portrayed how the company’s staff and international standard management have contributed to the success that has earned the greatest confidence and support of business partners. 

The event was honoured by the presence of Samut Sakorn  Governor, Somkid Chantamaruek and other business partners, whom welcomed by Dr. Pavares Boontanonda, Chairman of the Board and Mr. Sint Krongphanich,  Chief Executive Officer.

PSP Specialties Co., Ltd. was established in 1989 to provide petroleum storage for leading oil companies. The company stores and distributes over 3,000 million litres of fuel a year and turns over 10 billion baht. Besides storage services, the company is a world-class one-stop service provider, including being Thailand’s largest manufacturer of lubricants, grease, rubber process oil, and transformer oil. 

“For the past 30 years, we have never stopped improving,” noted Dr. Pavares Boontanonda, Chairman of the Board of PSP Specialties Co.,Ltd. “We continue to grow and increase our production capacity every year. With our international standards recognised and accepted worldwide, every process is controlled by professional teams who drive the technology to the next level. Our technology centre researches and develops products to keep pace with technological advancements and consumer requirements in the modern world. We are ready to meet the challenges going forward with superior lubricants that drive the world to move faster and safer, achieving remarkable experiences, and ensuring reliable and safe journeys for everyone. No matter what route they choose, our endless creativity leads to tremendous innovation and technology that will continuously adapt and move us ahead.”

Mr. Sint Krongphanich, Chief Executive Officer, added: “We are ready to open gateways to the world with our logistic systems that integrate land and sea routes. Our oil storage capacity is sufficient to meet demand in the rapidly growing global market. PSP Specialties’s geographic advantages enable us to connect to countries in Asia and beyond. As an innovation-driven enterprise, we will continue to work hard to take us to better tomorrows.”

The special occasion was not only about emphasising the company’s success and preparing for the company’s listing on the Stock Exchange of Thailand. PSP Specialties also took the opportunity to give back to society. This year, the company donated 900,000 baht each to three hospitals: Queen Sirikit National Institute of Child Health, Faculty of Medicine Siriraj Hospital-Mahidol University, and Faculty of Medicine Chulalongkorn University. The company also donated 300,000 baht each to three schools located close to its factory. 

PSP Specialties’ 30th anniversary marks a memorable milestone to showcase its progress and social responsibility. Because at PSP Specialties everyone believes in “WALKING INTO THE FUTURE TOGETHER.”


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