"PTG"

PTG gets ready to accelerate growth in non-oil businesses Petrol service provider PTG Energy plans to expand its non-oil businesses soon and strengthen its stake as the second-largest market share holder in Thailand.

The award, presented at the Labour Ministry’s Department of Employment in Bangkok recently, recognised the company’s care and treatment of workers as well as its adherence to international principles of ethics.

Japan’s Autobacs is aiming to be the top car-service brand in Thailand, has been known to Thais for around 20 years since its first branch was established in Thailand.

Filling station operator PTG Energy Plc will roll out charging points for electric vehicles as part of its business plan this year, said vice president Rangsun Puangprang.

PTG Energy has unveiled an investment budget of around Bt4.5 billion this year, of which Bt3.6 billion-Bt3.7 billion will be spent to roll out new petrol and liquified petroleum gas (LPG) stations, said executive vice president Rangsun Puangprang.

PTG Energy is confident that its earnings before interest, tax, depreciation and amortisation (Ebitda) this year will be 40-50 per cent higher than last year’s thanks to better cost management, president Pitak Ratchakitprakarn said this week.

PTG Energy is aiming for revenue and volume growth of 20 per cent this year and expand service stations to 2,000 with planned investment of Bt3.5 billion, the company said in a press release on Friday.