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Thai paint company to expand across ASEAN

Thai paint company to expand across ASEAN

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.

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