Rojana Industrial Park
Rojana Industrial Park (SET: ROJNA) operates specialty industrial parks across four Thai provinces. Rojana Ayutthaya is the flagship — historically Japanese-automotive-tenant-tilted (Honda, Toyota, Isuzu, parts suppliers). Rojana Nongkhae (Saraburi), Rojana Prachinburi, Rojana Rayong are regional specialty parks. Family, Nippon Steel, Japanese strategic investors in shareholder base.
Snapshot
Headline numbers a buyer checks first.
FY2024 revenue
~THB 3-6B
FY2024
Ticker
SET: ROJNA
Listed 1993
Parks
Ayutthaya, Saraburi, Prachinburi, Rayong
Operating
Tenant profile
Japanese automotive, electronics, food
FY2024
What this company actually does
Rojana develops, operates industrial parks: land sale, factory rental (ready-built, built-to-suit), utilities (water, wastewater, power distribution). Ayutthaya flagship park has deep Japanese-automotive tenant mix reflecting 1988-era founding cohort (Honda car assembly historically in/near the park). Nongkhae Saraburi, Prachinburi, Rayong parks serve diversified industrial, electronics, auto-parts tenants.[]
Strategic position: specialty mid-tier Thai industrial-park developer with strong Japanese-tenant relationships, diversified geographic footprint. Competitive pressure from WHA, Amata scale; defensibility via long-standing tenant relationships, park-specific tenant ecosystems.[]
Watchpoints
Ayutthaya Japanese-tenant retention
Honda, Toyota, Isuzu, suppliers concentration.
Regional park tenant diversification
Saraburi, Prachinburi, Rayong tenant mix.
FDI, EV tenant pipeline
Chinese EV wave, supply-chain shift wins.
Land-bank monetisation pace
Park-by-park sale velocity, price trajectory.
Park-by-park profile
Flagship
Rojana Ayutthaya — Japanese automotive cluster
The original Rojana park in Ayutthaya was developed in 1988 at the nexus of Thailand's early-wave Japanese automotive investment. Honda Assembly (Ayutthaya), Toyota suppliers, Isuzu parts manufacturers, and electronics companies (Minebea, NEC, Fujitsu) are among historical tenants. This deep Japanese-tenant ecosystem is Rojana's strongest competitive moat.
Central
Rojana Nongkhae (Saraburi) — diversified industrial
Saraburi park is central-Thailand industrial, with a more diversified tenant mix including food processing, chemical, and auto-parts. Located on the main Bangkok-Khon Kaen corridor.
East
Rojana Prachinburi and Rayong — EEC adjacency
Prachinburi and Rayong parks are located in proximity to the EEC zone. This positions Rojana to attract next-generation FDI including EV supply-chain, electronics, and data-centre tenants who are EEC-eligible but prefer outside-zone lower-cost land.
Investors
Nippon Steel strategic stake — Japan-market credibility
Nippon Steel (formerly Nippon Steel and Sumitomo Metal) holds a strategic minority stake in Rojana. This is a direct signal to Japanese manufacturers evaluating Thailand: Rojana has deep, trust-based ties with Japanese corporate supply chains.
Thai industrial-park developers: regional comparison
Key park locations
Chonburi, Rayong, Pathum Thani, EEC
Tenant focus
EV, electronics, logistics, EEC priority
Scale
Largest Thai developer
Key park locations
Chonburi, Rayong, Vietnam
Tenant focus
Japanese automotive, electronics
Scale
Large, Chonburi-dominant
Key park locations
Ayutthaya, Saraburi, Prachinburi, Rayong
Tenant focus
Japanese automotive, electronics, food (Ayutthaya legacy)
Scale
Mid-size, 4-province footprint
| Developer | Key park locations | Tenant focus | Scale |
|---|---|---|---|
| WHA Corporation | Chonburi, Rayong, Pathum Thani, EEC | EV, electronics, logistics, EEC priority | Largest Thai developer |
| AMATA Corporation | Chonburi, Rayong, Vietnam | Japanese automotive, electronics | Large, Chonburi-dominant |
| Rojana Industrial Park | Ayutthaya, Saraburi, Prachinburi, Rayong | Japanese automotive, electronics, food (Ayutthaya legacy) | Mid-size, 4-province footprint |
| Hemaraj Land (WHA subsidiary) | Chonburi, EEC focused | EEC incentive tenants | Merged into WHA |
Related Market profiles
Peers, parents, partners, agencies, and other Industrial Estates actors.
Competitor
WHA Corporation
Larger listed industrial-estate peer.
Open Market profile →
Competitor
Amata Corporation
Amata, Rojana share Japanese-automotive tenant depth.
Open Market profile →
Competitor
Frasers Property Thailand
Diversified listed industrial peer.
Open Market profile →
Sector peer
Industrial Estate Authority of Thailand (IEAT)
State regulator, operator of Thai industrial estates; ~60+ estates registered; Map Ta Phut, Laem Chabang flagship state estates.
Open Market profile →
Sources + data provenance
Every filing, filing-adjacent register, or trusted industry source cited in this profile.
Rojana Industrial Park (SET: ROJNA) FY2024 Form 56-1
| Source | Publisher | Grade | As of |
|---|---|---|---|
| Rojana Industrial Park (SET: ROJNA) FY2024 Form 56-1 | Rojana Industrial Park PCL | Primary | 2025-03-31 |
Reports featuring this profile
Ayutthaya: Historical-Tourism and the Industrial-Belt Adjacency
SET-listed industrial-estate operator; major Ayutthaya tenant cluster; auto, electronics, food-processing.
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Sits alongside 5 other Atlas profilesThailand Industrial Estates Market Intelligence
Listed specialty Thai industrial-park developer; Ayutthaya, Saraburi, Prachinburi, Rayong parks.
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Sits alongside 4 other Atlas profilesThailand EEC Industrial Infrastructure Deep Dive
Rojana Industrial Park, EEC industrial land, factory.
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Sits alongside 3 other Atlas profilesThailand BOI Incentive Economics Deep Dive
Rojana Industrial Park BOI-promoted tenant base.
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Sits alongside 4 other Atlas profilesThailand EEC FDI & Tax Incentive Deep Dive
Japanese auto, electronics tenancy EEC.
Open report →
Sits alongside 3 other Atlas profilesRelated Market profiles
competitor
WHA Corporation
Thailand's largest listed industrial estate, built-to-suit warehouse operator; ~3M sqm stock.
competitor
Amata Corporation
Chonburi-anchored industrial estate; Amata Nakorn, Amata City Rayong; Japanese-automotive client concentration.
competitor
Frasers Property Thailand
Frasers Property Thailand JV warehouse, office, residential platform; ~2M sqm warehouse stock.