|
History
The Italthai Group
From the personal friendship between the Thai Dr. Chaijudh Karnasuta and the Italian Georgio Berlingieri arose the foundations of the Italthai Group, a major Thai construction, trade and manufacturing conglomerate. It all began in January 1954 when Mariners Co., Ltd., a company belonging to Dr. Chaijudh’s brother-in-law, signed a contract with the Harbour Department to salvage five ships that lay sunking beneath the waters of the Chao Phraya River. Assisting his brother-in-law was Dr. Chaijudh, who counter-guaranteed the bonds and guarantees required by the initial contract. Although it relied heavily upon the technical support of a Japanese salvage company throughout the operation, the Mariners Co., Ltd., failed in its task, prompting the Harbour Department to threaten to cancel the contract.  More All
|
