TTW also expects to conclude plans to invest in Myanmar this year.
Sompodh Sripoom, director and managing director of TTW, said the Bt5.9-billion revenue target was close to last year's target of Bt6 billion. TTW hopes to earn a slightly higher net profit this year as it will benefit from a full year of tax exemptions granted by the Board of Investment.
The expansion project is in the design phase; construction will begin this year, and is expected to be completed within a year to 18 months.
Sompodh said TTW's plans to invest in a project to produce 40,000 cubic metres a day of tap water in Myanmar should become clearer this year after the company holds talks with state agencies in that country. This investment, which would require about Bt250 million to Bt300 million, would be TTW's first overseas project. It does not expect significant profit from this small-scale Myanmar project in the initial phase.
TTW will postpone its plan for another foreign project, in Vietnam, after two or three years of negotiations have not shown much progress. However, this project could resume if the situation becomes more conducive in the future.
As for TTW's future activities, its subsidiary Pathum Thani Water Co (PTW) has been utilising its full tap-water-production capacity of 388,000 cubic metres a day for the second year. Hence to alleviate tap-water shortages in Pathum Thani and Rangsit, PTW plans to expand production capacity to 445,000 cubic metres per day by mid-2015.
With 60,000 cubic metres a day of production capacity remaining, TTW plans to expand this on the western side of Bangkok next quarter year. The two planned projects to boost production capacity will cost Bt2.2 billion to Bt2.5 billion and are scheduled to be completed in two years.
source: Eleven Myanmar