Enhancing Sustainable Success
Committed to Sustainable Business for Society and Environment

Union Petrochemical Public Company Limited

Business Policy and Overview

Union Petrochemical Public Company Limited is one of the leaders in importing and distributing chemicals and solvents. The company has a long history of operation, stepping into its 45th year with the ability to adapt its general standard solvents and specialty chemicals to suit specific industries. The company adheres to a business approach that focuses on sustainable growth, a comprehensive variety of products to meet the needs of customers in various industries, standardized warehouse and logistics management, and fast transportation. We emphasize quality and standards in sourcing from reliable product origins, as well as building strong business relationships with both suppliers and customers.

General Information

Company Name Union Petrochemical Public Company Limited
Stock Symbol UKEM
Type of Business Chemical Distributor
Company Registration Number 0107548000391
Registered Capital 316,285,186.00 Baht
(As of December 31, 2025)
Paid-up Capital 290,513,063.00 Baht
(As of December 31, 2025)
Total Number and Type of Issued Shares 1,162,052,251 Ordinary Shares
(As of December 31, 2025)
Par Value 0.25 Baht per share
Head Office 728 Union House Building, Borommaratchachonnani Rd, Bang Bamru, Bang Phlat, Bangkok 10700
Telephone / Fax 0-2881-8288 / 0-2433-7243-4
Company Secretary Tel: 02-677-3325 ext. 238
Email: thawinan@unionpetrochemical.com
Investor Relations Tel: 02-677-3325 ext. 7
Email: apinya@unionpetrochemical.com

Vision

To be a leader in providing comprehensive chemical distribution services with a variety of products and chemical services covering the supply chain of customers in all industries.

"Integration Beyond A Chemical Distributor with Diverse Services for Sustainability"

Mission

  1. Build a diverse chemical business network to cover the supply chain in businesses that produce and use chemicals.
  2. Develop new businesses and services to create comprehensive chemical service solutions that can quickly respond to market demands.
  3. Promote the use of innovation and technology to increase the efficiency of delivering value in the company's products and services.
  4. Develop and enhance the potential of personnel in both the form of upgrading work skills (Reskill) and creating new work skills that respond to new business changes (Upskill) to achieve work efficiency and better quality of life.
  5. Create awareness of maximizing resource utilization to cover activities in the company's business chain and drive practices at the employee and management levels to build an environmentally friendly corporate culture.
  6. Manage the organization according to good corporate governance principles and comply with laws related to business operations in the economic, social, and environmental dimensions to build confidence among stakeholders and for sustainable growth.

Core Values - UKEMS

  • U
    Unity for Sustainability
    By promoting cooperation among employees, partners, communities, and stakeholders to achieve sustainable development goals tangibly.
  • K
    Knowledge & Innovation for Green Chemistry
    Focus on developing environmentally friendly chemical knowledge, researching and adopting innovations to reduce impacts on nature and society.
  • E
    Environmental & Social Responsibility
    Conduct business by prioritizing pollution reduction, efficient resource management, and participation in sustainable community development.
  • M
    Moral, Ethics & Governance
    Adhere to ethical, transparent, and auditable business principles, comply with ESG standards, and promote fair and sustainable operations.
  • S
    Safety
    Promote the safety of employees and related parties by providing risk prevention measures, regular safety training, and promoting a safety culture at all levels.

Board of Directors

Our qualified leaders driving the organization towards sustainability.

Mr. Phala Sukawesh
Mr. Phala Sukawesh
Chairman of the Board and Independent Director
Mr. Poonsak Tonsitipan
Mr. Poonsak Tonsitipan
Vice Chairman, Independent Director
and Chairman of the Audit Committee
Mr. Peerapol Suwannapasri
Mr. Peerapol Suwannapasri
Director and Managing Director
Mrs. Kanchana Suwannapasri
Mrs. Kanchana Suwannapasri
Director
Mr. Virach Suwannapasri
Mr. Virach Suwannapasri
Director
Mr. Somjate Saifon
Mr. Somjate Saifon
Director
Miss Suthida Suwannapasri
Miss Suthida Suwannapasri
Director
Mr. Terapong Vititsant
Mr. Terapong Vititsant
Independent Director
and Audit Committee Member
Mr. Worapot Uchupaiboonvong
Mr. Worapot Uchupaiboonvong
Independent Director

Organization Structure

Chairman of the Board

Audit Committee
& Internal Audit

Executive Committee

Risk Management Committee

Chairman of Executive Committee

Managing Director

Deputy Managing Director

Marketing &
Procurement Dept.

Sales Div. Marketing & Procurement Div. Customer Relations Div.

Accounting &
Finance Dept.

Accounting & Finance Div. Credit Div.

Business
Development Dept.

Business Development Div.

Human
Resources Dept.

HR Div.

Warehouse &
Transport Dept.

Warehouse Div. Transport Div.

IT & Digital
Business Dept.

IT Div. Digital Systems Div.

Authority and Duties of the Board of Directors

  • Election and Assignment: Elect the Chairman, Vice Chairmen, and assign duties.
  • General Management: Manage the company in accordance with its objectives, Articles of Association, and shareholder resolutions.
  • Sub-committee Appointment: Appoint Audit, Executive, and Managing Directors, and define their authority and remuneration.

Roles, Duties, and Responsibilities of the Board

  • Legal Compliance: Supervise the company in compliance with laws, Articles of Association, and shareholder resolutions.
  • Strategic Direction: Define vision, strategy, main policies, and approve budgets/investment projects.
  • Monitoring and Control: Oversee implementation of plans and ensure effective internal control/audit systems.
  • Risk & Conflict Management: Supervise conflict of interest matters and ensure comprehensive risk management systems.
  • Transparency and Leadership: Ensure accurate information disclosure, act as role models, and appoint the Company Secretary.

Download Documents

4 Main Business Groups

Currently, the company operates in 4 main business groups:

Group 1: General Chemicals and Solvents
(Commodity Chemical and Solvent)

Divided into 2 main parts: Solvents and other chemical products. For solvents, it can be divided into 7 categories:

Alcohol Paint, chemical production, packaging, ink industries
Aliphatic hydrocarbon Paint and other industries
Aromatic hydrocarbon Paint, chemical production, packaging industries
Ester Paint, packaging and other industries
Glycols Chemical production industry
Ketone Paint, chemical production, and packaging industries
Monomer Main component in other industries

Key Milestones & Developments

Significant steps driving UKEM's success and sustainable growth

2025

  • May 23, 2025: Verified and certified greenhouse gas emissions report according to ISO 14064-1 standard by MASCI
  • Jun 24, 2025: Received Carbon Footprint of Organization (CFO) certification from Thailand Greenhouse Gas Management Organization (TGO). This reflects our commitment to standardizing the measurement and management of greenhouse gas emissions at an international level.

2024

  • Jun 5, 2024: The share repurchase program ended. The company repurchased 75.14 million ordinary shares totaling 63.50 million baht, with an accumulated total of 78.15 million shares, representing 6.73% of the total issued and paid-up shares. The total cost value was 65.92 million baht, and retained earnings were allocated as a reserve for treasury shares amounting to 65.92 million baht, shown in the statement of financial position under "Appropriated retained earnings - reserve for treasury shares".

2023

  • Feb 20, 2023: The EGM resolved to approve the sale of all ordinary shares in GIFT
  • Nov 30, 2023: Approved a share repurchase program for financial management with a maximum limit of 66 million baht

2022

  • Dec 31, 2022: The Board of Directors approved the sale of investment in Gratitude Infinite Public Company Limited (GIFT)

2021

  • Sep 30, 2021: Accumulated share repurchase of 74.23 million shares
  • Dec 20, 2021: Registered a decrease in paid-up capital for unsold repurchased shares

2020

  • Mar 24, 2020: Registered capital increase from the offering of UKEM-W2 warrants
  • Nov 12, 2020: Approved a share repurchase program of 123 million shares for financial management
  • Dec 25, 2020: Certified for ISO 9001:2015 Quality Management Standard by SGS (Thailand) Ltd.