Somboon Advance Technology (SAT) was founded in 1995 by the Kitaphanichs and the shareholders of Bangkok Spring Industrial, and went public in 2005 in Thailand. The Kitaphanichs were the founders of the pioneer automotive spring maker Somboon Spring Limited Partnership.
Today, SAT manufactures and distributes car parts and components for passenger cars, pickup trucks, trucks, and agricultural machinery, including camshaft, exhaust manifold, brake disc, coil spring, flywheel and others.
Its long-term main clients are OEMs and REMs. The company owns many subsidiaries including Somboon Malleable Iron Industrial, Bangkok Spring Industrial, International Casting Products, SBG International Japan, and Somboon Forging Technology.
Somboon Advance Technology: Financial results, 3Q20-2Q21 (US$m) | ||||
2Q21 | 1Q21 | 4Q20 | 3Q20 | |
Revenue | 63 | 68 | 54 | 47 |
Gross profit | 12 | 14 | 11 | 7 |
Operating profit | 7 | 9 | 7 | 4 |
After-tax net profit | 7 | 10 | 8 | 3 |
Source: Reuters, compiled by DIGITIMES, August 2021
