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PTT will focus on regional growth

June 02/2011

(The Nation) -- PTT will focus on regional growth, having reached the limit in domestic expansion, with the aim of becoming the second-largest petrochemicals player behind national brands in some countries within five years.

The company will also increase the sales ratio of non-oil businesses such as Amazon coffee houses, 7-Eleven convenience stores and quick-service restaurants from 20-30 to 50 % in the next two to three years. The move will offset lower profit margins from oil sales.

Saran Rangkasiri, executive vice president of PTT, said the company would maintain the number of PTT petrol stations in Thailand at about 1,300.

The company has 30 petrol stations in Laos, 46 in the Philippines and six in Cambodia.

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