TTW plans 15% growth on diversification strategy
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Thai Tap Water Supply (TTW) is targeting revenue growth of 15 per cent this year and is drawing up a five-year strategic plan to maintain that pace.
Managing director Sompodh Sripoom said yesterday that the investment plan for 2013-17 was expected to be completed in mid-November for proposal to the board.
TTW’s focus is on the non-water business both here and abroad, including entering the clean-energy and other green businesses via joint ventures with existing operators.
The company wants to boost its revenue from other businesses to 35:65 versus the water business from 5:95 currently to diversify risk and stay on the 15-per-cent growth trajectory.
If TTW depended solely on the tap-water business, it believes it would expand only 8 per cent per year in the long run.
