Saha Union (SUC)
Saha Union Public Company Limited (SET: SUC) is a Thai-listed diversified industrial group controlled by the Sukree-Bodiratnangkura family. Core operations span textile manufacturing (spinning, weaving, dyeing, garment), industrial zippers (YKK partner and own-brand), and industrial products. Part of the broader Saha Group of companies, which includes Saha Pathana Inter-Holding (SPI) and associated manufacturers. Saha Union's textile operations compete in the export market against Vietnamese and Bangladeshi suppliers, while its zipper and industrial-goods divisions serve domestic and ASEAN customers. The group has significant BOI investment-promotion history in labour-intensive manufacturing.
Snapshot
Headline numbers a buyer checks first.
Market cap (approx.)
THB 4.2B
2024
SET: SUC
Revenue FY2023
THB 8.5B
FY2023
Core segments
Textile, zipper, industrial products
2024
Major shareholder
Sukree-Bodiratnangkura family
2024
Profile overview
Saha Union Public Company Limited (SET: SUC) is a Thai-listed diversified industrial group controlled by the Sukree-Bodiratnangkura family. Core operations span textile manufacturing (spinning, weaving, dyeing, garment), industrial zippers (YKK partner and own-brand), and industrial products. Part of the broader Saha Group of companies, which includes Saha Pathana Inter-Holding (SPI) and associated manufacturers. Saha Union's textile operations compete in the export market against Vietnamese and Bangladeshi suppliers, while its zipper and industrial-goods divisions serve domestic and ASEAN customers. The group has significant BOI investment-promotion history in labour-intensive manufacturing.
Business segments
Textile manufacturing
Spinning, weaving, dyeing, garment
Vertically integrated textile operations across yarn spinning, fabric weaving, dyeing and finishing, and garment assembly. Serves domestic Thai market and export customers in the US, EU, and Japan.
Industrial zippers
YKK partnership and own-brand
Industrial zipper manufacturing including YKK-licensed production and own-brand products. Zippers serve garment, luggage, and industrial product customers across Thailand and ASEAN.
Saha Group linkage
Part of broader conglomerate
Part of the broader Saha Group including Saha Pathana Inter-Holding (SPI) and 50+ associated manufacturers. Group cross-shareholding structure provides industrial ecosystem advantages.
BOI investments
Promoted manufacturing base
Significant BOI investment-promotion history in labour-intensive manufacturing. Multiple SET-listed and non-listed affiliates across textiles, consumer goods, and industrial products.
Thai textile sector peer comparison
Listed Thai textile and apparel operators, approximate FY2024 positioning
Thai Wacoal
Boon Rawd Brewery (private)
Ticker
Private
Core focus
Consumer goods, not textile
Export exposure
N/A
Toray Thai (private)
Ticker
Japanese parent
Core focus
Synthetic fibre, film
Export exposure
High — regional ASEAN
| Entity | Ticker | Core focus | Export exposure |
|---|---|---|---|
| Saha Union | SET:SUC | Spinning, weaving, zippers | Medium — US, EU, Japan |
| Thai Wacoal | SET:WACOAL | Ladies' intimate apparel | Low — primarily domestic |
| Boon Rawd Brewery (private) | Private | Consumer goods, not textile | N/A |
| Toray Thai (private) | Japanese parent | Synthetic fibre, film | High — regional ASEAN |
Key drivers 2025-2026
Export competitiveness
Vietnam, Bangladesh competition
Thai textile export faces structural cost pressure from lower-wage Vietnam and Bangladesh competitors. CBAM (EU Carbon Border Adjustment) may create sustainability differentiation opportunity for Thai-compliant exporters.
Zipper industrial
Industrial goods diversification
Industrial zipper and component divisions diversify from garment-export cycle. Domestic Thai industrial demand for fasteners, zippers is more stable than export apparel.
Technical textile
BOI pivot opportunity
Thai government BOI incentives for technical, performance textiles (automotive, medical, construction). Saha Union's manufacturing base provides platform for value-added technical-textile pivot.
Where this profile is featured
Reports that reference this entity in their operator concentration or analysis.
Featured in
Thai Textile and Apparel Export: Saha Pathana, Pranda, and the USD ...
Thai apparel export tier-1.
Featured in
Thai Cotton Textile: Import Dependence and the Cycle Beneath It
Major Thai conglomerate with spinning and textile operations; Saha-Taching subsidiary active in cotton yarn spinning; one of the largest integrated textile grou
Featured in
Thai Technical Textile: CBAM Defence and the BOI Pivot
Major Thai conglomerate with spinning and textile operations; Saha-Taching subsidiary active in cotton yarn spinning; one of the largest integrated textile grou
Related Market profiles
Peers, parents, partners, agencies, and other Textile & Garment actors.
Competitor
Saha Pathana Inter-Holding
Saha Group anchor holding; Wacoal, Bata, Arrow apparel licensees, ~200 group companies.
Open Market profile →
Competitor
Mae Sot Garment Manufacturing Cluster
Mae Sot's garment manufacturing cluster in Tak Province employs predominantly Myanmar migrant labour under the Thailand-Myanmar MOU framework, supplying global fast-fashion and mid-market apparel brands.
Open Market profile →
Competitor
Thai Filo Fabric
Listed Thai fabric mill, textile producer; upstream vertical of textile, apparel value chain.
Open Market profile →
Sector peer
Sikh/Punjabi Textile Cluster Phahurat Bangkok
Bangkok's Phahurat district Sikh and Punjabi wholesale textile cluster; the largest fabric wholesale market in Thailand, known as Bangkok's 'Little India'.
Open Market profile →
Reports featuring this profile
Thailand Textile & Garment Manufacturing Market Intelligence
SET-listed diversified group; textile, rubber, plastics manufacturing
Open report →
Sits alongside 1 other Atlas profileThai Textile and Apparel Export: Saha Pathana, Pranda, and the USD 4-6B Garment Cluster
Thai apparel export tier-1.
Open report →
Sits alongside 6 other Atlas profilesThai Cotton Textile: Import Dependence and the Cycle Beneath It
Major Thai conglomerate with spinning and textile operations; Saha-Taching subsidiary active in cotton yarn spinning; one of the largest integrated textile grou
Open report →
Sits alongside 3 other Atlas profilesThai Technical Textile: CBAM Defence and the BOI Pivot
Major Thai conglomerate with spinning and textile operations; Saha-Taching subsidiary active in cotton yarn spinning; one of the largest integrated textile grou
Open report →
Sits alongside 3 other Atlas profilesRelated Market profiles
competitor
Saha Pathana Inter-Holding
Saha Group anchor holding; Wacoal, Bata, Arrow apparel licensees, ~200 group companies.
competitor
Mae Sot Garment Manufacturing Cluster
Mae Sot's garment manufacturing cluster in Tak Province employs predominantly Myanmar migrant labour under the Thailand-Myanmar MOU framework, supplying global fast-fashion and mid-market apparel brands.
competitor
Thai Filo Fabric
Listed Thai fabric mill, textile producer; upstream vertical of textile, apparel value chain.