Sriracha Construction sparks renewed vigour in mechanical field
Mechanical construction is the heart and soul of any plant. Embodying this philosophy has catapulted Sriracha Construction, once a small home-grown contractor, to one of Thailand's leading builders.
"Give us a set of drawings, and we can build anything," says Boonkrua Khemapiratana, managing director. "Beyond construction capability, Sriracha Construction has succeeded because we have never compromised on safety, quality and schedule in our 35-year track record."
Serving heavy industries including oil refinery, mining, power and petrochemical plants, Sriracha Construction specialises in steel structure, piping, tankage fabrication and erection, and equipment installation. It works directly with project owners on engineering, procurement and construction management (EPCM) contracts, and large EPC contractors - earning the trust of repeat clients such as ExxonMobil, Bechtel, Foster Wheeler, Chevron, Thaioil and Uhde.
"Efficient operations enable us to be 30 per cent more profitable than other companies doing similar projects," says Gridsada Potisomporn, deputy managing director. "This efficiency also puts a premium on our services, making us the first choice of clients who are willing to pay extra for a top-notch, reliable partner."
Adding to the firm's growing portfolio are overseas projects wherein Sriracha Construction is handpicked to lead. The company has worked through direct invitation in Qatar, Sudan, Singapore and Madagascar, where it was one of the main mechanical contractors for SNC-Lavalin's mining project.
Sriracha Construction sees mining and oil and gas as promising growth areas. With the discovery of possibly the largest gas well in the Gulf of Mexico, it is optimistic that it will have a share of the many potential long-term projects at the site. Anticipating such prospects and a steady growth in the next decade, it has expanded with a fourth factory twice the size of its three older factories combined.
After creating excitement in the construction industry when it listed on the Stock Exchange of Thailand last year, Sriracha Construction is ready to broaden its footprint. It aims to attract large international companies as strategic investor-partners with whom it can bring a slew of projects, domestically and globally.
Closer to home, it eyes Cambodia and Myanmar, where it is slated to set up a regional training facility with the Ministry of Labour. Sriracha Construction envisions helping the Asean region become a more competitive resource for low-cost, highly skilled labour for the international mechanical construction market.
"We are excited for the future," Boonkrua says. "We target projects that will give us the best yield for our investors and stakeholders."