Italian-Thai Development

{{Short description|Thai construction company}}

{{Infobox company

| name = Italian-Thai Development PCL

| logo = Italian-Thai_Development_logo.png

| type = Public company

| traded_as = {{SET|ITD}}

| foundation = {{Start date and age|df=yes|1958}}

| founder = Chaijudh Karnasuta and Giorgio Berlingieri

| location_city = Bangkok

| location_country = Thailand

| area_served = Southeast Asia

| key_people = Premchai Karnasuta (President)

| industry = Construction

| services =

| website = {{website|www.itd.co.th}}

}}

Italian-Thai Development Public Company Limited (ITD) is a construction company based in Bangkok, Thailand. Founded in 1958, it is one of the largest construction firms in the country, and is one of the two main contractors commonly hired for large-scale government projects, along with CH. Karnchang.{{cite news |title=2 ยักษ์รับเหมา“อิตาเลียนไทย - ช.การช่าง”คู่สัญญารัฐอื้อ 3.4 หมื่นล้าน |url=https://www.isranews.org/content-page/item/20611-2-%E0%B8%A2%E0%B8%B1%E0%B8%81%E0%B8%A9%E0%B9%8C%E0%B8%A3%E0%B8%B1%E0%B8%9A%E0%B9%80%E0%B8%AB%E0%B8%A1%E0%B8%B2%E2%80%9C%E0%B8%AD%E0%B8%B4%E0%B8%95%E0%B8%B2%E0%B9%80%E0%B8%A5%E0%B8%B5%E0%B8%A2%E0%B8%99%E0%B9%84%E0%B8%97%E0%B8%A2-%E0%B8%8A-%E0%B8%81%E0%B8%B2%E0%B8%A3%E0%B8%8A%E0%B9%88%E0%B8%B2%E0%B8%87%E2%80%9D%E0%B8%84%E0%B8%B9%E0%B9%88%E0%B8%AA%E0%B8%B1%E0%B8%8D%E0%B8%8D%E0%B8%B2%E0%B8%A3%E0%B8%B1%E0%B8%90%E0%B8%AD%E0%B8%B7%E0%B9%89%E0%B8%AD-3-4-%E0%B8%AB%E0%B8%A1%E0%B8%B7%E0%B9%88%E0%B8%99%E0%B8%A5%E0%B9%89%E0%B8%B2%E0%B8%99.html |access-date=16 May 2025 |work=Isra News Agency |date=16 April 2013 |language=th-th}}{{cite web |title=3 ยักษ์ใหญ่ รับเหมาไทย ใครใหญ่สุด? |url=https://www.longtunman.com/2142 |website=Longtunman |access-date=16 May 2025 |language=th |date=21 September 2017}} Among its past construction projects are Suvarnabhumi Airport, the original sections of the BTS Skytrain, the northern section of the original MRT Blue Line, and the northern extension of Don Mueang Tollway.{{cite news |title=เจาะลึก "อิตาเลียนไทย" บ.รับเหมารายใหญ่ที่ขาดทุนหลายพันล้าน เพราะ "ลงทุนผิด ดอกเบี้ยกัดกินทุกปี" |url=https://www.bbc.com/thai/articles/cvgppjnr238o |access-date=16 May 2025 |work=BBC News Thai |date=11 April 2025 |language=th}}{{cite web |title=ตำนาน อิตาเลียนไทย |url=https://www.longtunman.com/4335 |website=Longtunman |access-date=16 May 2025 |language=th |date=8 February 2018}}

In 2024, ITD announced heavy financial losses mainly from the failure of the Dawei Port Project in Myanmar, which led to a liquidity crisis and downgrading of its credit ratings.{{cite news |title=Italian-Thai Development faces B108bn debt crunch as overseas projects fail |url=https://www.bangkokpost.com/business/general/2758639/italian-thai-development-faces-b108bn-debt-crunch-as-overseas-projects-fail |access-date=16 May 2025 |work=Bangkok Post |agency=Bloomberg News |date=14 March 2024 |language=en}}{{cite news |last1=Regalado |first1=Francesca |title=Construction giant ITD adds to Thailand's corporate debt woes |url=https://asia.nikkei.com/Business/Markets/Construction-giant-ITD-adds-to-Thailand-s-corporate-debt-woes |access-date=16 May 2025 |work=Nikkei Asia |language=en}}{{cite news |last1=Regalado |first1=Francesca |title=Thai construction giant's shares plunge 30% after $29.5m loss |url=https://asia.nikkei.com/Business/Markets/Thai-construction-giant-s-shares-plunge-30-after-29.5m-loss |access-date=16 May 2025 |work=Nikkei Asia |date=1 April 2024 |language=en}} Following the collapse of the State Audit Office building in the 2025 Mandalay earthquake, ITD is being investigated for its role as one of the two partners in the construction.{{cite news |last1=Wancharoen |first1=Supoj |last2=Yonpiam |first2=Chairith |title=Investigators grill construction boss about collapsed Bangkok tower |url=https://www.bangkokpost.com/thailand/general/3014092/investigators-grill-construction-boss-about-collapsed-bangkok-tower#google_vignette |access-date=16 May 2025 |work=Bangkok Post |date=29 April 2025 |language=en}}{{cite news |last1=Ngamkham |first1=Wassayos |title=Arrest warrants issued for Premchai, 16 others over SAO building collapse |url=https://www.bangkokpost.com/thailand/general/3026486/arrest-warrants-issued-for-premchai-16-others-over-sao-building-collapse |access-date=16 May 2025 |work=Bangkok Post |date=15 May 2025 |language=en}}