Logo of Phnom Penh Post newspaper Phnom Penh Post - Thai paint producer on the way

Thai paint producer on the way

Thai paint producer on the way

Thailand’s largest paint manufacturer, TOA Paint, is set to begin production in Cambodia before the end of the year, the company’s president said this week.

Opening new factories in Cambodia and Indonesia, the firm is looking to expand its regional footprint in light of the upcoming ASEAN Economy Community due at the end of the year, Pongcherd Jameekornkul, president of TOA Paint Thailand, told the Bangkok Post.

Last year, TOA earned more than $506 million and is expected to see its income increase by 12 per cent to $567 million this year. Some $494 million is expected from the Thai market and another $73 million is expected from the ASEAN market, the Bangkok Post reported.

TOA also has plants in Thailand, Laos, Malaysia, Myanmar and Vietnam.

Neang Saron, head of Administration and Human Resource at local paint manufacturer CAM Paint, said yesterday competition is inevitable, but recent sales growth at CAM Paint held the firm in good stead.

“Considering CAM Paint’s position in the market now, I think it will not be so much of an impact. The majority of Cambodians have gained trust in CAM Paint,” he said.

MOST VIEWED

  • Cambodia unveils new quarantine regulations

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Cambodia sets new Covid-19 quarantine rules

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Hun Sen: Cambodia set to fully reopen

    Prime Minister Hun Sen concludes that the October 5-7 Pchum Ben public holiday, during which many people either flocked to their hometowns for family reunion or gathered at tourist attractions across the country, has not caused an outbreak of Covid-19. In a special address to

  • Will Evergrande change the way Chinese developers do business in Cambodia?

    China’s property sector policy has exposed the grim financial condition of real estate developers including those operating in Cambodia, which raises questions over the viability of their projects and business going forward The dark blue netting draping over one of Yuetai Group Co Ltd’

  • Cambodia resumes issuance of tourist visas

    The Ministry of Foreign Affairs and International Cooperation has announced the resumption of its tourist visa and visa exemption programme after a long hiatus due to the Covid-19 pandemic. In a letter dated October 20 and addressed to foreign embassies and consulates, foreign minister Prak Sokhonn

  • S’ville set to turn into ‘second Shenzhen’

    The Ministry of Economy and Finance has awarded a master plan consultancy contract to top Chinese institute for the development and transformation of Preah Sihanouk province into a “Model Multi-Purpose Special Economic Zone”, Southeast Asia’s next logistics and resort hub and innovation centre. The