Thai Wacoal Public Company Limited was established by a joint venture between Saha Pathanapibul Company Limited and Wacoal Corporation, Japan, on October 1, 1970. The company is the first manufacturer of lingerie products in Thailand, and in 1983, the company was listed on the Stock Exchange of Thailand.

Later, in 1994, the company transformed into a public company.

At present, the company is a manufacturer of ready-made clothing products, contain with Women's underwear, Women's outerwear and children's wear, with the main product being women's underwear. Domestic distribution ICC International Public Company Limited is a major distributor of the company. International markets are mainly sold cheap fake watches to companies in the Wacoal Corporation group, which are mainly exported to Japan, the United States and ASEAN.