PTT Thailand updates Asean roadmap. Aims to be No.2 player throughout the region

ptt-sanildefonso1

Oil and gas conglomerate PTT Plc plans to spend 2.45 billion baht from 2011 to 2015 to expand its retail oil business in Asean to serve demand growth before the Asean Economic Community (AEC) takes effect.

The company’s latest five-year capital expenditure was increased from the previous plan of 1.7 billion baht from 2012 to 2016.

Senior executive vice-president Auttapol Rerkpiboon said PTT aims for 300 petrol stations in neighbouring Asean countries by 2017, compared to 155 sites by 2016 under the previous plan. There are 88 pumps at present.

Land links between countries will be significant as regional trade increases with AEC’s enactment, he said.

PTT expects retail oil revenue generated from overseas branches will rise by 28% to 73 billion baht in 2017, up from 57.3 billion last year.

Over the five-year period, PTT envisions 45 petrol stations in Cambodia, up from 15 at present, 60 sites in Laos, up from 20, 60 pumps in Myanmar, up from one, and 135 in the Philippines, up from 50.

“In other countries with barriers in the retail oil business, PTT will sell lube oil and liquefied petroleum gas (LPG). These markets are Indonesia, Malaysia, Singapore and Vietnam,” said Mr Auttapol.

“We only aim to be the No.2 player in each country, letting each national oil company lead the market.”

Last year, retail oil revenue from overseas branches rose 17% from 48.9 billion baht in 2011 with sales volume surging 31% to 1.9 billion litres from 1.44 billion.

 

Source : Bangkok Post | August 20, 2013

Advertisements

About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
This entry was posted in Business, Economy and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s