Tata Motors, India’s largest carmaker by revenue, is preparing to sell buses and trucks in Thailand amid tough competition in the commercial vehicle sector. The company will showcase an array of Tata commercial vehicles at Bus & Truck ’11, to be held at the Bangkok Trade & Exhibition Center from Dec 15-17. Tata will show […]
Archive | Company News
Manufacturer to resume normal ops next month
The flood disaster has had a heavy impact on Kasisuri Co, a leading producer and exporter of rice-bran oil, which is facing business losses of Bt40 million to Bt50 million. It hopes to resume normal operations by next month. The company plans to build up a stockpile of least one month’s worth both of finished […]
Yum spices up its investment menu
Yum Restaurants International (Thailand) Co, the local operator of KFC and Pizza Hut, plans to increase its investment budget by 30% to one billion baht next year to accommodate domestic expansion. Managing director Milind Pant said part of the budget will be used to convert existing stores to the new global design standard that already […]
Pruksa slashes targets for 2011
Leading property firm Pruksa has lowered its revenue target for this year by Bt7-Bt8 billion from Bt30 billion, taking into account the negative impact of the floods in the current fourth quarter. The company’s presales target has also been dropped to Bt30 billion from Bt42 billion, Pruksa president and chief executive officer Thongma Vijitpongpun told […]
Jay Mart dialling up growth in three markets
Jay Mart Plc was established on Dec 27, 1988 with registered capital of 2 million baht, initially selling electrical appliances on installment payments. It later entered the wholesale market for TV sets, VCRs and air-conditioners. Today Jay Mart is best known for its retail and wholesale business for mobile phones and accessories under all major […]
IVL supported by strong sales volumes
Indorama Ventures Plc is expected to show strong sales volume next year, with contributions from its 5 acquisitions made in the first quarter of this year which add up capacity by 1.7 million tonnes, said DBS Research. Contributing to strong sales also includes the full production at Alpha PET plant with 432,000 tonnes of PET […]
Floods cost ThaiBev billions
Floods have cost Thai Beverage Plc (ThaiBev), the country’s leading beer and spirits maker, several billion baht, the biggest financial loss for whisky billionaire Charoen Sirivadhanabhakdi in more than a decade. The damage comes from three areas: tangible assets, loss of business continuity and loss of new business opportunities both at home and abroad. Five […]
Toyota eyes fast restart
Toyota Motor Corp will delay resuming operations in Thailand for 10 days, starting up Nov 21, says Akio Toyoda, president of Toyota. “We will try to start production as soon as possible, possibly on the 21st of this month, and then slowly increase our production capacity,” said Mr Toyoda. Though floods have not hit Toyota’s […]
For Rojana, analyst sees two-quarter dip
Rojana Industrial Park Plc could see at least an 80% plunge in revenue over the next two quarters because of flooding, says an industry analyst. The SET-listed company has begun work to restore its heavily inundated industrial estate in Ayutthaya, where it plans to build a permanent dyke and four-metre floodwall in order to restore […]
Leading retailers ensure supplies through distribution alternatives
Major retailers have adjusted their logistics and distribution strategies to ensure their stores do not run out of essential commodities during the flood crisis. Suwit Kingkaew, senior vice president of CP All, operator of 7-Eleven convenience stores, said the company had temporarily opened about 100 small distribution centres in shophouses throughout metropolitan Bangkok. It has […]
