Interview with an ITSA Member – Chanwanich Security Printing

In this month’s interview with a member of the International Tax Stamp Association (ITSA), we delve into Thailand’s tax stamp and security printing market courtesy of Chanwanich CEO Ronnachai Kongboonma, exploring how the nation’s industry has developed over the past century and how it’s likely to evolve in the coming years.

Ronnachai Kongboonma.

With an educational background in business administration and computer and information sciences, Ronnachai has worked with Chanwanich Security Printing (CSP) for over 20 years. He began his career in operations before moving to research and development, working more closely with customers and industry partners in business development and sales, until finally becoming CEO in 2017.

Founded in 1921, CSP was originally a printing house for producing documents for financial institutions, before moving into security printing during World War II, when the government called on it to produce banknotes.

CSP subsequently provided secure documents ranging from one-baht notes, lottery tickets and financial documents through to ID documents, excise stamps and EMV cards. It has since extended its core business-to-business consulting service and developed turnkey solutions for passport issuing services, ID management, border control systems and supply chain track and trace solutions.