SCG budgets Bt800m to improve systems
SCG Logistics Management Co Ltd has set aside an investment budget of Bt800 million till 2023 to improve its logistics systems at home and abroad, focusing on Asean and India countries.
Up to Bt200 million will be used to develop digital-driven logistics for its supply chain system, said managing director Paitoon Jiranantarat yesterday.
With the improvement, the company expects total sales to achieve Bt22 billion at the end of this year, up 12 per cent from Bt19.6 billion last year, he said.
Up to 30 per cent of its revenue this year will come from overseas markets, compared to 70 per cent from local sales.
In the next five years, the company expects overseas sales to contribute 50 per cent of total revenue, mainly from Asean countries – Vietnam, Laos, Myanmar, Cambodia, Indonesia. It plans to expand sales to India this year.
The company also aims to boost sales to customers outside the SCG Group from 23 per cent of total sales last year to 33 per cent this year, before reaching to 50 per cent in the near future, he said.
