Bangkok--5 Feb--The Way Communications
PTG sets 2016 goal to increase sales volume by 30-40% from 2015. Asserting itself into logistics business, PTG looks to enhance the company's transportation system management potential while preparing to launch its new product line—high quality lubricant oil. The company also plans to invest two to three Billion Baht in its stations expansion to reach 1,500 stations nationwide.
Mr. Pitak Rachakitprakarn, President and CEO of PTG Energy PLC (PTG), revealed PTG's 2016 business directions by stating that the company sets its sight on 30-40% sales volume growth from 2015 mainly from continuously increasing the number of stations and same store sales growth. The company plans to reach 1,500 stations nationwide, along with opening up 25-30 new stations every year over the next three years in the Bangkok Metropolitan area. This year, PTG focuses on maximizing and creating more value for the areas within the stations, by attracting international brands, with business-to-business model, as well as joining hands with startups and SMEs to open up in its stations, along with increasing the number of PT Max card members to 5.6 million by the end of this year.
"The performance in 2015 has been satisfactory despite the continuous decline in domestic retail oil prices that tends to follow the global market; this is due to our effective risk management, along with the 21% sales boost from 2015 from station expansion and same store sales growth. The launch of LPG stations has also been well-received by our customers. Therefore, we aim to add 50 new LPG stations in 2016," said Mr. Pitak.
Mr. Pitak added that the majority of the company's revenue is from fuel trading through PT stations. The company aims to introduce its new line of products, high quality lubricant oil, which is expected to be launched in the second quarter.
This year, the company is ready to move forward into logistics business. PTG has purchased shares of Fuel Pipeline Transportation Limited (FPT) – an aviation fuel supplier who also delivers fuel via underground pipelines. This acquisition will strengthen PTG's logistics system to accommodate increasing sales volume in the northern part of Thailand every year. Moreover, PTG has invested in AMA Marine Co., LTD. – a specialist in liquid tanker transportation for both marine and ground logistics for liquid products. AMA Marine also has high growth performance, and this will greatly benefit the company by enhancing PTG's transportation effectiveness. Currently, PTG is in the process of negotiating with its business allies regarding its future investment in Ethanol plant while keeping up with waste-to-energy transmission auction at the same time. The company strongly believes that the company's expansion plan will lead to PTG being the strong conglomerate as a full-service energy provider.
Mr. Pitak mentioned the company's Palm Complex project, stating that the current project progress is at 22% and is expected to be completed in 2017.
"PTG is determined to invest in related energy businesses in order to align with the company's vision, 'we are not only leading in the number fuel service stations, but we are also the leader of in every energy-related business," Mr. Pitak concluded.