Thai paint manufacturer TOA Paint Thailand Co Ltd is planning to construct three new factories across Cambodia, Myanmar and Indonesia at an estimated investment of $28.2 million to boost production and expand the company’s presence in ASEAN, the Thai daily newspaper The Nation reported. Once completed in 2018, the company expects to generate around $565.5 million in revenue, up from its current level of $465.5 million.

With sights set on being the number one brand in ASEAN, TOA aims to control 15 per cent of the market share, outpacing the current market leader, Nippon Paint.