Prachai Leophairatana & Family Net Worth is$225 $Million
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Prachai Leophairatana is a former Senator and a Thai businessman who founded Thai Petrochemical Industry (TPI).
Prachai founded Thai Petrochemical Industry in 1978, based on companies his grandfather founded during World War II. Thai Petrochemical Industry (TPI) group begun in rice milling, and had extended to gunnysacks, textiles, and insurance in the second generation. In 1979, the group consisted of nineteen firms still based mainly in agriculture-related sectors. The patriarch of this second generation, Pornchai Leophairatana, sent his sons to the USA to study accounting, economics, and chemical engineering. Returning to Thailand in the era when the economy was shifting decisively towards industry using newly found supplies of natural gas, Prachai Leophairatana and his five siblings launched the firm into cement and petrochemicals. By the mid-1990s, the number of firms had expanded to forty-four, total revenues had multiplied twenty-five times. TPl had risen rapidly to second rank in the cement market, behind the venerable Siam Cement. It had also become a major player in the booming petrochemicals industry. TPl had financed this rapid expansion by listing its major companies on the stock market, but had also taken large loans from domestic banks and international banks. By 1994, it had become Southeast Asia's first fully integrated petrochemical company. TPI invested in a wharf and handling facilities on Thailand's eastern seaboard, built a 100-megawatt power plant, and even owned a cement company and opened its own gas stations.
TPI has capability if unconstrained by Lenders and thir appointed planneers to produce an overall gross margin that ranks in the top third to one half versus the major petrochemical complexes in the world, including, e.g., ExxonMobil Singapore, ExxonMobil Baytown, BP Grangemouth, Dow Terneuzen, Shell Mordijk, Samsung, Hanwha and Hyundai Korea, Dow Petronas Optimal Kertih, The Petrochemical Corporation of Singapore PCS) and downst

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Prachai Leophairatana & Family Latest News

Thai PM and ruling party under investigation for illegal funds

According to the deputy attorney-general, the DP is accused of receiving 258 million baht (US$ 8 million) from TPI Polene Plc, a giant cement manufacturer founded by businessman-turned-politician Prachai Leophairatana in 2005. The prosecutors are also ...
Posted: July 12, 2010, 5:00 pm

CITIC Backs off Thailand Investment

Thailand's Central Bankruptcy Court on Monday ruled CITIC and Thai Petrochemical founder Prachai Leophairatana could review company documents as part of a plan to jointly buy the company. Prachai and minority shareholders, who own about 25 per cent of Thai ...
Posted: July 5, 2005, 5:00 pm

Chirmsak loses his radio program

Mr Silapin, a close aide to Prachai Leophairatana, founder of TPI Polene Plc and owner of FM 92.25, was concerned that his remarks could affect another lawsuit concerning Mr Prachai, Mr Chirmsak said. Public prosecutors are considering appealing against an ...
Posted: September 29, 2011, 11:43 am
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