Siam GS ups capacity for 5% sales growth
Siam GS Battery Co Ltd is increasing its production capacity from 4 million units last year to 4.5 million units this year to boost its sales growth by up to five per cent, said company’s executive director/strategic planning Prakasit Phornprapha at a press conference yesterday to celebrate the company’s 50th anniversary.
He added that the company has also set a growth target of at least 5 per cent next year in order to maintain its pole position in Thailand’s automotive battery market.
In the second-half of this year, expansion of the automotive industry is expected to continue, especially in the passenger car segment. Many more new car models will be launched into the market and purchasing power of consumers will not decline.
