Post by account_disabled on Jan 3, 2024 2:12:23 GMT -5
WP Energy Public Company Limited or WP is preparing to acquire a factory for producing and repairing cooking gas (LPG) tanks that is expected to require an investment of 100 million baht and aims to invest in an LPG filling plant. Another 15 provinces to have all provinces by the end of 2019. Mr. Noppawong Omatikul, Deputy Chief Financial Officer and Corporate Administration Officer of WP Energy Public Company Limited or WP, a distributor of cooking gas (LPG) under the Worldgas brand, revealed business progress. of the company Currently, we are considering acquiring a factory for producing and repairing cooking gas (LPG) tanks, which is not very large.
It is expected that the investment will B2B Email List be approximately 100 million baht and will be presented to the Board of Directors within the third quarter of this year and is expected to reach a conclusion by the end of 2019 as well. As for the progress of the project, LPG storage phase 3, size 9,500 tons, investment value 500 million baht, will be completed in 2020, resulting in the company being able to increase LPG gas storage from the current 10,000 tons to 20,000 tons, making it able to manage gas distribution well. richer It also allows the company to not have to pay for gas reserve deposits again. In the past The company invested in Thai Gas Corporation Company Limited, an LPG distributor in the northeastern region.
This is an aggressive strategy in areas where the company still has a small margin, especially in the northern and northeastern regions. Therefore, after investing in Thai Gas It will make it possible to distribute products to more customer groups. At the same time, the company aims to invest in LPG gas filling plants in every province by the end of 2019, from currently there are still 15 provinces remaining nationwide. As for the operating trend in the second half of 2019, it is expected that sales of cooking gas (LPG) will still grow according to the target of 840,000 tons, or 3% growth from the previous year, with continued focus on the LPG market, household groups that issue More new promotions Targeting the proportion of income from household LPG to increase to 56-57% compared to last year which was 43%. Therefore, if the company can have continuous profitable operations.
It is expected that the investment will B2B Email List be approximately 100 million baht and will be presented to the Board of Directors within the third quarter of this year and is expected to reach a conclusion by the end of 2019 as well. As for the progress of the project, LPG storage phase 3, size 9,500 tons, investment value 500 million baht, will be completed in 2020, resulting in the company being able to increase LPG gas storage from the current 10,000 tons to 20,000 tons, making it able to manage gas distribution well. richer It also allows the company to not have to pay for gas reserve deposits again. In the past The company invested in Thai Gas Corporation Company Limited, an LPG distributor in the northeastern region.
This is an aggressive strategy in areas where the company still has a small margin, especially in the northern and northeastern regions. Therefore, after investing in Thai Gas It will make it possible to distribute products to more customer groups. At the same time, the company aims to invest in LPG gas filling plants in every province by the end of 2019, from currently there are still 15 provinces remaining nationwide. As for the operating trend in the second half of 2019, it is expected that sales of cooking gas (LPG) will still grow according to the target of 840,000 tons, or 3% growth from the previous year, with continued focus on the LPG market, household groups that issue More new promotions Targeting the proportion of income from household LPG to increase to 56-57% compared to last year which was 43%. Therefore, if the company can have continuous profitable operations.