Registered the Company in the name of Pylon Company Limited on August 13, 2002 with the initial paid up capital of Baht 5 million to engage primarily in foundation construction business. The Company has employed experienced and skillful engineering staffs to handle foundation works at the recovery from economic crisis.
Performed the first soil cement columns with high-pressured jet grouting in His Majesty The King Bhumipol’s Pak Pa Nang Diversion Dam Project in Nakornsrithammarat Province as a subcontractor to Sino-Thai Engineering and Construction Plc (Sino-Thai). From the success in the Pakpanang project, the Company has developed a strong business relationship with Sino-Thai and, as a result, received bored piling works for several projects from Sino-Thai such as The 3rd Stage Expressway - Part S1 (Ajnarong-Bangna) Contract No. 2, The Bumrungrat Hospital Parking Building, etc. From those projects, the Company has become well-known in the construction industry for quality of work and exceptional service, and received many bored piling works from other customers.
Increased registered capital to Baht 60 million in January and Baht 95 million in December.
Cooperated with Soletanche Bachy from France, an International Foundation Specialist Company, to construct diaphragm walls for The Samlae Water Treatment Plant in Patumthani Province.
Increased registered capital to Baht 115 million in May.
In June, the Company increased its capital from Baht 115 million to Baht 150 million along with splitting par value per share from Baht 10 to Baht 1 to accommodate the initial public offering.
Registered as the public company on July 20, 2005.
Registered on the Market for Alternative Investment (mai) Stock Market in December. The first trading day of the Company’s shares was December 23, 2005.
Relocated the Company’s maintenance yard from Saphansoong District to Ladlumkaew, Patumthani Province in March.
Set up the subsidiary company under the name of Excelon Co., Ltd. in December to provide services for design, construction, consulting and architectural works for buildings/ structures. Its registered capital was Baht 30 million. Pylon held 51% of the total shares.
Increased registered capital to Baht 200 million in April to facilitate the stock dividends.
Increased capital to Baht 300 million in May to facilitate the issuance of PYLON-W1 to existing shareholders.
Excelon increased registered capital to Baht 80 million in December whereas Pylon still held 51% of the total shares.
Increased registered capital to Baht 374.99 million in May to facilitate both the stock dividends and the adjusted exercise ratio of PYLON-W1.
Pylon, the only firm from mai, received Asia’s 200 Best Under A Billion Award from Forbes Asia in July.
SET moved PYLON from mai to SET main Board on August 6, 2015.
In January, the Company bought remaining shares of Excelon from the other shareholders. The proportion held by Pylon increased from 51% to 100% of total shares.