Thu, July 07, 2022

business

QTC Energy expands into overseas markets for electricity transformers


QTC Energy has reported has reported a net profit of Bt40 million for the second quarter of this year, with revenue of Bt236 million.

Company chief executive Poonphiphat Tantanasin  said that the firm plans to add  more international sales agents to back its expansion  into overseas markets. 
The company currently has a backlog worth Bt530 million, for which distribution started earlier this year. As for its business as the distributor of De Busduct and Smart Transformer and Super low loss transformer products, the sales are  expected to help achieve its targeted annual revenue of around Bt1 billion.
Poonphiphat said the company started to adjust its business strategies early in 2019 in order to strengthen the business.
 The strategic business adjustment plan has helped the company to meet its target. For the first six months of 2019, revenue was Bt502 million, up 24 per cent from the same period of last year.
Poonphiphat said that regarding the business outlook in the second half of 2019, the company has already begun exporting electricity transformers to Japan, Australia and some other countries but it plans to expand to tap more countries in Asia and Europe. 
“Clearer direction is expected soon, especially for the government projects. The demand for electricity transformers is expected to increase in line with the government's policy driven by Eastern Economic Corridor (EEC) and Skytrain projects.

Published : August 09, 2019

By : The Nation