Background

      Syntec Construction Public Company Limited (“the Company”), formerly known as Siam Syntechs Construction Public Company Limited, was registered as a registered juristic person in Thailand on December 22, 1988. Then, it was registered as a public company limited on October 14, 1992, and listed on the Stock Exchange of Thailand on February 12, 1993. The registered address of its head office is 555/7-11 Soi Sukhumvit 63 (Ekkamai), Sukhumvit Road, Khlong Tan Nuea Subdistrict, Watthana District, Bangkok 10110, and its branch office is located at 61 Soi Lang Suan, Ploenchit Road, Lumpini Subdistrict, Pathumwan District, Bangkok 10330, principally engaged in construction contracting and real estate development business for room service or serviced apartments.

      The Company's main business operation maintains its full-service construction business, including accepting construction works from public agencies and the private sector. It provides services from the beginning to the completion of construction in a manner known as “One-Stop Service” which includes preparatory work, piling work, foundation work, soil erosion protection work, structure work, architecture work, architectural work, landscape architectural work, and system engineering such as electrical system work, mechanical system work, sanitation work, elevator system work, air conditioning system work, and various automation systems in the building.

      The Company's construction contracts are carried out in accordance with the appropriate procedures in the case where an employer is a public agency, state enterprise, or private sector, which will determine the bidding algorithm, a time frame for implementation, and different construction conditions. If the Company has been selected through price negotiation and specified construction conditions that satisfy all parties, it is finally commissioned for such construction.

      Generally, the Company is a primary contractor for construction unless it is a large project that requires specialized construction expertise, where the Company may consider participating in joint ventures with other companies. This creates the exchange of working techniques, learning and transferring new technologies, knowledge in various fields, promoting innovation development, thus expanding the Company's working potential to open up an opportunity to participate in large project auctions in both public and private sectors in the future. In terms of construction labor, the Company has its own daily workers and some workers are from subcontractors that are properly registered with the Company and meet the criteria set by the Company. The advantage in this respect is that the number of workers needed for each period can be set appropriately, which also brings effective cost control.

Financial Statement Report / Revenue Report 

SYNTEC VISION

To be a leader in the construction industry with efficiently continuous improvement in quality, time, cost, safety, social responsibility, and environment.

SYNTEC MISSION

  • To be ranked in the top 5 leading high-rise construction companies in Thailand.
  • “One Stop Service” provides comprehensive construction services including piling work, structural work, and system work.
  • “Smart Employee” creates and develops quality personnel ready for change with the principle of RUR as follows:
    - R: Reskill, creating new skills necessary to work in accordance with the needs of the organization.
    - U: Upskill, upgrading existing skills to be better to support future growth; and
    - R: Relearn, continuous learning to find new knowledge to replace old knowledge
  • “Happy Work Place & Life” takes care of employees to work happily in an organization equipped with a workplace that can inspire creativity, creativity, and a career path that responds to passion in the work of each individual employee.
  • “SYNTEC Standard” creates jobs with the same level of standards throughout the organization.
  • “Agile Model-Driven Development” improves work processes for higher efficiency and reduces unnecessary work processes for increased flexibility in work.
  • “Cost Control” reduces company costs with technology and improves work processes
  • “Digital Transformation” adapts itself to the digital age with technology to make work easier, more convenient, and more efficient.

SYNTEC STRATEGIES

The Company has set a strategy for its intensive business operations with a strategy to restructure its internal management focusing on human resource management and information system management to be more effective in order to increase the Company's competitiveness as follows:

  • Quality, focusing on the correct construction according to professional principles, providing comprehensive service, and creating quality work along with safety for operators with modern technology and promoting innovation in all aspects of work
  • Time, ensuring that the clients will receive the work delivered on time. and as specified in the construction contract in its entirety
  • Expenses, by properly managing project costs and construction costs according to the planned so that clients can compete in the business
  • Social and Environmental Responsibility, operating with good corporate governance principles Encourage all employees to comply with the Code of Conduct and together to protect the environment especially by taking care of the environmental impact on the community, society, and residents around the construction area at least.


Corporate Values and Culture

For a long time, the Company has established and implemented a strong corporate culture, like constructing a tall structure where the most essential thing is to lay a solid foundation. In terms of business culture, when practiced and handed down from generation to generation, it may forge employees to unite together to develop and overcome hurdles in order to maximize work efficiency and effectiveness. In 2022, the Company established Syntec Core Values & Culture: Trees as a guideline for employees to adhere to, consisting of 5 items

  1. Teamwork (Creative Teamwork) implies that we are a team that works together and supports each other, that we utilize the power of the diverse people within the team, that we use each individual's skills and knowledge to create results to achieve the organization's goals, that we feel connected, that we are proud to be a part of the organization, that we feel a sense of belonging, and that we are fully engaged to deliver commitment and quality work.
  2. Respect & Transparency (Work with Trust, Confidence and Transparency) means respecting, valuing, and caring for basic human rights, understanding each person's diversity of thought, demonstrating mutual respect, communicating with an understanding of each diversity, including expressing opinions directly, clearly, openly, and honestly, performing duties with ethical responsibility, regularly checking the work, but not disclosing the organization's confidential information to competitors' businesses.
  3. Empathy (Caring for and understanding one another) means understanding and sharing the same emotions and feelings as others through empathizing with their emotions and feelings. How would we feel and be mindful of the requirements of our stakeholders if we were in the same circumstance?
  4. Excellence Operation (Strive towards job excellence) means focusing on organizational excellence by developing more efficient, systematic work processes that allow employees to work smoothly and clearly in their responsibilities and where improvements are needed, improving work processes, staying up to date, and having a conceptual framework to solve problems that will arise in order to strive for operational excellence and add value to the organization.
  5. Safety & Quality First (Taking safety and quality standards into consideration) means operating with safety and quality as the first priority, striving to build a safety culture, continuously improving safety processes, providing a safe and healthy workplace, including taking into consideration the quality of work to gain confidence in customers and all stakeholders, creating quality work standards by controlling the quality of work processes in every job to create a competitive edge in competition.
“WE FOCUS IN SOURCING FOR THE MOST EFFICIENT AND THE NEWEST MACHINES / EQUIPMENT AND TECHNOLOGY IN THE CONSTRUCTION INDUSTRY. BY TREATING OUR STAKEHOLDERS FAIRLY, SYNTEC HAS A LARGE NETWORK OF BOTH LOCAL AND INTERNATIONAL SUB CONTRACTORS AND SUPPLIERS WHO ARE READY TO ENGAGE IN WORK WITH US.”


Structural and architectural works

Civil engineering and infrastructure works

Engineering design with project consultancy & management

Mechanical & electrical engineering services

Piling and specialist foundation engineering services

Environmental engineering services

Specialized retrofitting and refurbishment services

Business group structure

Scr - scr asset management company limited

N ville - nataural ville service apartment and management company limited

Csm - csm capital partner company limited

Pt3 land - pt three land company limited

Jt10 land - jt ten company limited

An8 - an8 company limited

Shg management - shg management company limited

Delta - Delta Infra One // Delta Infra One Company Limited