PTTOR to spend Bt74.6bn on 5-year expansion
PTT Oil and Retail Business has set aside a budget of Bt74.6 billion for the 2021-2025 expansion of its three core businesses, said acting CEO Jiraphon Kawswat.
Of the total budget, 34.6 per cent will be invested in its oil business, 28.6 per cent in its non-oil business and 21.8 per cent in international business. The remaining 15 per cent will be spent on other businesses and on exploring new business opportunities.
For its oil business, the company aims to increase the number of PTT filling stations in Thailand from the current 1,986 to 3,100 by 2025, Jiraphon said.
For its non-oil business, the firm has targeted expansion of its Cafe Amazon chain in Thailand from 3,186 to 5,800 outlets by 2025.
For its international business, it will focus on expansion of filling stations and Cafe Amazon branches in Cambodia, Laos, Myanmar, and Vietnam (CLMV), plus the Philippines. It will also open more Cafe Amazon branches in China.
PTT currently has 329 petrol stations in overseas markets.
Jiraphon said the company would also open more charging stations for electric vehicles on main routes throughout Thailand. It is currently piloting the service in 25 PTT filling stations.