LPP Group Plans IPO by 2031 as Rice Bran Oil Market Surges

Thansettakij•Economy•1d ago

Reader Briefing

LPP Group is expanding its rice bran oil business, driven by global health trends and aiming for a stock market listing by 2031.

•LPP Group's rice bran oil business has seen significant growth and is a new growth engine for the company.
•The company plans to expand production facilities and develop the 'LPP OIL' brand to target consumers.
•LPP Group aims to list its 'LPP OIL' subsidiary on the stock market between 2030 and 2031.
•The global rice bran oil market is expected to continue growing due to increasing consumer focus on health.

Overview

•Rice bran oil business operations have been ongoing for approximately 4 years.
•In the past year, the rice bran oil business generated approximately 700 million THB in revenue.
•The company targets 1,000 million THB in revenue for the rice bran oil business in the current year.
•The group's total revenue in the past year was around 3,000-4,000 million THB.
•The group expects to grow total revenue by approximately 1,000 million THB this year.
•Current revenue structure is 70% from rice business and 30% from rice bran oil business.
•Japan has actively promoted rice bran oil consumption since 2010.
•LPP Group is preparing for the 'LPP OIL' company to be listed on the stock market between 2030 and 2031.

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Key Quotes

Thawil

"LPP Group wants to elevate Thai rice from agricultural products to high-value products through the development of internationally standardized rice bran oil industry and building Thai brands to compete globally."

LPP Group ต้องการยกระดับข้าวไทยจากสินค้าเกษตรสู่ผลิตภัณฑ์มูลค่าสูง ผ่านการพัฒนาอุตสาหกรรมน้ำมันรำข้าวที่ได้มาตรฐานสากล และสร้างแบรนด์ไทยให้แข่งขันได้ในตลาดโลก

Key Entities

Organization

LPP Group

An organization with rice mills and rice bran oil production facilities, aiming for stock market listing.

LPP OIL

A subsidiary of LPP Group focused on rice bran oil, preparing for a stock market listing.

Person

Thawil(นายถวิล)

A representative from LPP Group commenting on the rice bran oil market and the company's strategy.

Place

Japan(ญี่ปุ่น)ℹ️

A primary export market for LPP Group's rice bran oil and a country that has actively promoted its consumption.

South Korea(เกาหลีใต้)ℹ️

An export market for LPP Group's rice bran oil.

Nakhon Sawan Province(จ.นครสวรรค์)ℹ️

A province where LPP Group is developing an agricultural and food industrial estate.

Timeline

2010

The year Japan began actively promoting rice bran oil consumption.

2030-2031

The projected timeframe for LPP OIL to be listed on the stock market.