SCGD Partners with AXENT to Form Joint Venture for Smart Toilet Manufacturing in Thailand

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Summary · why it matters

SCG Decor, or SCGD, through its subsidiary Siam Sanitary Ware Company Limited, has signed an agreement to establish a joint venture with AXENT Switzerland AG, a global leader in smart toilet technology. The new entity, named Siam AXENT Smart Technology Company Limited, will be 51 percent owned by Siam Sanitary Ware and 49 percent by AXENT. It will manufacture and assemble smart toilets and tankless toilets in Thailand, serving both the domestic market and the ASEAN region. This collaboration builds on a business partnership spanning over 25 years, combining Siam Sanitary Ware's manufacturing expertise and market network with AXENT's technology and design. SCGD Chief Executive Officer Nampol Malichai stated that the smart toilet market is the fastest-growing segment in the bathroom industry, and this joint venture will help create a smart toilet business ecosystem in the region while strengthening long-term competitiveness. AXENT Group Chairman Frank Li said the joint venture marks a significant milestone that will leverage the strengths of both parties to develop products meeting the needs of consumers in Thailand and ASEAN. SCGD views this investment as laying the foundation for growth in the modern toilet market, which includes one-piece toilets and smart toilets, a segment expected to expand continuously in line with evolving consumer behavior.

Impact on assets 1

Materials▲ · 1 stocks
SCG Decor PCL
SCGD
▲ PositiveDemandrelevance

Joint venture to manufacture smart toilets in Thailand and ASEAN, targeting fastest-growing segment.

Off-coverage companies 2

Siam Sanitaryware Co., Ltd.Private▲ Positive
Demandrelevance

As subsidiary, will own 51% of JV, expanding into smart toilet manufacturing.

Siam Axent Smart Technology Co., Ltd.Private▲ Positive
Demandrelevance

New JV entity will produce smart toilets, serving growing market.

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