The Company was established around mid-1992
as Khun Wanchai Chirathiwat and General Finance and Securities Public Co., Ltd.

jointly bought Associated Palm Oil Co., Ltd.’s 3,305,500 shares, holding 55.09 percent of the company’s Baht 60 million capital which was later increasing to Baht 500 million. The company was transformed to public company later and changed name to be Abico Holdings Public Co., Ltd. on November 3, 1992.

Since then, the Company has invested in production and distribution of palm oil, ready to drink milk, raw milk, food products businesses and invested in other investment businesses. It also increased capital from Baht 500 million to Baht 900 million and Baht 1,400 million in 1996 and 1997 respectively so as to meet the Company’s objective of investment in various companies and centre company policy of long term planning and specifying direction of growth of companies within the Group.

In 2004, the Company faced financial losses to the extent of short of financial liquidity due to unfavorable economic situation. It resulted in the Company and firms which the Company has invested in facing lack of working capital. Consequently, the Company had to submit rehabilitation plan to Bankruptcy Court. And on November 29, 2012, the court instructed to nullify the rehabilitation plan because the plan was successfully achieved and on September 15, 2014, ABICO Holdings Public Co., Ltd. repayment completely made in accordance with the rehabilitation plan.

During the past 5 years, the Company's important developments were as follow:

  • 2019

    Abico Dairy Farm Co.,Ltd. (“subsidiary”) has invested in machinery to sufficiently increase production capacity according to more order quantity.

    On January 28, 2019, Abico Dairy Farm Co.,Ltd. (“subsidiary”) was certified in “Green Industry Level 2” by the Ministry of Industry of Thailand for its activities to reduce environmental effects as committed effectively until January 27, 2021.

  • 2018

    In 2018, the Company has attained three-star rating in the Corporate Governance Report of Thai Listed Companies 2018 (CG Rating) by the Thai Institute of Directors Association (IOD) for the first year.

    In 2018 Abico Dairy Farm Company Limited (“subsidiary”) has also been certified in Food safety System Certification (FSSC) 2200 standard, as well as SMETA SEDEX standard which is the standard regarding business code of conduct.

  • 2017

    Abico Holdings Public Company Limited has reversed an impairment of investment in two of its subsidiaries,based on the estimated recoverable amount of the investment which is higher than the investment cost. Hence, the Company realized a profit of 278.24 million baht after the reversion of an impairment of investment in separate financial statements, which increased the assets in the form of an investment in subsidiaries by 278.24 million baht, the same amount of the Company’s investment cost in these two subsidiaries.

    Abico Dairy Farm Company Limited (“subsidiary”) has expanded its customer base and varieties of products, while being a leading organization in the international beverage business. Also on December 28, 2017, the subsidiary has been certified of ISO 9001:2015 standard by SGS United Kingdom Ltd.

  • 2016

    ABICO Holding Public Co., Ltd, have increase investment in common stock Malee Group Public Co.,Ltd, (“Associate”) from 26.20% to 26.82%

  • 2015

    On February 9, 2015 the Company’s shares to be relisted on the stock exchange. The request is pending the Stock Exchange of Thailand’s.

    On February 27, 2015 the Board of director approved to increased investment in Abico Land Co.,Ltd . Currently, the Company held 99.99% of total shared.

    On August 18, 2015, the Board of director approved to increased investment in PPO Farm Co.,Ltd, Currently, the Company held 99.99% of total shared.

  • 2014

    On September 15, 2014, ABICO Holding Public Co., Ltd. repayment completely made in accordance with the rehabilitation plan.

    December 25, 2014, the Company sought removal from being delisting and resumption of trading in "mai" and the SET removes causes of possible delisting of ABICO's securities its trading on “mai” market from February 9, 2015 onwards.