Oishi spending Bt1 bn on new central kitchen
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Paisal Aowsathaporn, vice president for food operations at Oishi Group, said the company would invest more than Bt1 billion on establishing a central kitchen for its Japanese restaurants, to be located on a 195-rai (31-hectare) plot in Chon Buri's Ban Bun
The facility will be capable of serving the company’s expansion for the next 10 years.
He said the group’s food operations had posted Bt7 billion in sales last year. That figure is expected to increase to Bt8 billion this year, and to Bt13 billion within four years.
Oishi Group also plans to increase sales of its frozen food products fivefold, from Bt400 million last year to about Bt2 billion in 2020.
THREE APPLY FOR TOT PRESIDENT POST
There are three applicants for the post of TOT president – one from the Royal Thai Army and two from the ICT (information and communications technology) industry.
They are Army senior adviser Maj-General Surapol Tapananont, Somprot Sarakosas, board member of the Electronics Transaction Development Agency, and Siripong Lohasirigul, managing director of Progress Software. One of the urgent tasks facing the next president is to improve the state agency’s financial performance.
SONA SCRAPS INITIAL PLAN TO BUY THAI ASSETS
A Malaysian special-purpose acquisition company, Sona Petroleum, said yesterday that it had scrapped plans to buy a stake in two oil-and-gas blocks from London-listed oil exploration and production firm Salamander Energy in the Gulf of Thailand for US$280 million (Bt9.18 billion).
The termination follows London-listed Ophir Energy’s proposal to buy Salamander via a share swap.
Despite the termination, Sona said it was still eyeing potential deals with Ophir and Salamander for a stake in the oil and gas assets.
“Sona Petroleum, therefore, intends to approach Ophir or Salamander regarding a revised transaction post their respective shareholder meetings on February 6, 2015, based on new terms reflecting prevailing market conditions and the level of oil prices,” it said in a filing. |– Reuters
ND RUBBER TO LIST TODAY
The Market for Alternative Investment today will list ND Rubber, a motorcycle-tyre producer and distributor, making it the second new listing on the MAI this year.
The company’s market capitalisation at its initial public offering was Bt580.5 million.
MAI president Prapan Charoenprawatt said ND Rubber would list in the Industrials sector under the sticker NDR.
The company produces motorcycle tyres under its own ND Rubber brand, and also supplies tyres as an original-equipment manufacturer for motorcycle makers in Thailand and overseas. It also distributes motorcycle and car batteries through its 270 tyre agents nationwide, as well as owning an automotive rubber-parts company. ND Rubber has a paid-up registered capital of Bt215 million. Managing director Chaiyasit Samrittivanicha said being listed would enhance the company’s image, reputation and financial strength.
