Background
SEAFCO Public Company Limited is a construction and engineering company that is engaged in bored piling, diaphragm wall construction and civil works including foundation and building construction.
It operates and offers services as the main contractor and sub-contractor tendering from both government and private sectors.
Business Description
SEAFCO generate its revenue from foundation and wall works. The company offers products, materials, services and labor for primarily bored and barrette piling and diaphragm walls which are used to build foundations for buildings, infrastructure, and other construction projects to make them stronger.
In addition, SEAFCO does other substructure work, ground improvement, and civil construction e.g. government infrastructure projects such as mass transit, expressways, underpass, and flyovers.
The private sector contributed 61% of revenue in 2017 where it builds foundations for e.g. high-rise buildings and residential housings. The public sector comprised 36% of revenue and the remaining 3% came from construction overseas where SEAFCO is operating in Myanmar and plans to expand in other ASEAN countries such as Cambodia.
Well-positioned to win some bids for upcoming projects such as MRT Purple Line, Rama III-Dao Kanong Expressway and private high-rise projects such as Trust City and the Super Tower.
Leadership
Somjai Phagaphasvivat has been the Independent Chairman of SEAFCO since 2013. Moreover, he holds directorship in multiple companies, including Thanachart Bank Public Company Limited (TCAP TB), Siam City Bank Public Company Limited and Supalai Public Company Limited (SPALI TB) among others. For educational background, he has attained multiple degrees from many institutions around the world. He holds two Bachelor’s degrees, two Master’s degrees and three doctorate degrees in areas of Political Science and International Economics.
