PSP Creates “PSP Ventures” and Partners with WhatsEGG Thailand to Breakthrough into Thailand’s Leading Automotive Aftermarket Platform


PSP Creates “PSP Ventures” and Partners with WhatsEGG Thailand to Breakthrough into Thailand’s Leading Automotive Aftermarket Platform

PSP Specialties, a leading lubricants manufacturer and global solutions provider of automotive and industrial lubricants and specialty products, is making further progress with its growth roadmap with a strategy to leverage its strengths as a global solutions provider and to develop in new activities to develop its activity.

Riding the new waves, the company created PSP Ventures and launched a new business by investing in WhatsEGG (Thailand), a leading automotive aftermarket platform in Thailand (EGG Mall), to strategically expand the base of customers and the company’s business synergies. The joint venture plans to capture the gross market value of 7 billion baht over the next five years.

Mr. Pavares Boontanonda, Chairman of the Board of Directors of PSP Specialties Company Limited (PSP), revealed: “Thailand is in the process of transitioning to a fully-fledged digital economy, as evidenced by the growing adoption of digital technologies and systems. for greater competitiveness of businesses in all sectors. as well as in the robust emergence of e-commerce businesses in Thailand. This trend is also being fostered by government policies, including Thailand’s 4.0 business model, the digital economy master plan, and high-speed internet infrastructure projects. As a result, the market for many industries has grown significantly, especially the consumer goods and auto parts markets. It is therefore an excellent opportunity for the company to invest in the market.

“We plan to capture a gross market value of 7 billion baht, or more than 100% CAGR over the next five years. All of these results show an excellent opportunity for PSP to expand into new businesses, demonstrate its ability and reaffirm its status as the best neutral platform in the lubricants and automotive market. We are committed to continuing the growth of every business unit in our group. As a major shareholder of PSP, we encourage PSP to seize this opportunity to align its expansion strategy with economic trends. The PSP Board of Directors therefore decided to create PSP Ventures and approved its investment in WhatsEGG, one of the world’s leading auto parts companies, propelling the company to the top, ”he said. .

EGG Mall is a platform operated by WhatsEGG (Thailand), a one-stop-shop for auto parts online trade and Thailand’s most comprehensive online auto repair center and auto parts store partner. Established in 2018, focused on Big Data technology and digital solutions for workshops, retailers and insurers, WhatsEGG (Thailand) is currently the largest market for auto parts, offering a wide range of quality products from leading manufacturers and brands. Visitors can download the EGG Mall app on Android and iOS systems, or visit and order products through the website: www.eggmalltech.com.

Mr. Sint Krongphanich, CEO of PSP Specialties, added: “The establishment of PSP Venture Co., Ltd. strengthens PSP’s expertise and creates a wide range of innovative value-added companies among our existing offerings as a leader in lubricants manufacturing. supplier of automotive and industrial lubricant solutions and specialty products. With the largest independent factory and mixing facility in Thailand, we can accurately meet customer demand in all industries. With this expansion into new business with our partner WhatsEGG, we are confident that having the best market platform for auto parts will make a breakthrough in the Thai market. “

PSP Specialties Co., Ltd. was established in 1989 to provide oil storage to major oil companies. The company stores and distributes over 3,000 million liters of fuel per year and generates over 10 billion baht. Besides storage services, the company is a unique world-class service provider including Thailand’s largest manufacturer of lubricants, grease, rubber processing oil and transformer oil.


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