BANGKOK, 29 April 2015- Construction and industrial equipment distributor Italthai Industrial Company Limited (ITALTHAI) has been preparing to invest 30 billion baht over the next five years in the industries of machinery, construction tenders, and service & lifestyle.
The company is on course to achieving its investment target of 12.9 billion baht this year. The conglomerate would have to increase its investment by 25.8 billion baht to reach the five-year goal.
ITALTHAI’s latest investment is the 140 million baht project to establish a one-stop-service firm for heavy-duty backhoe rentals. The company also signed a 49-billion-baht contract to build a 177 MW alternative energy power plant. The latter project is expected to begin construction soon.
Meanwhile, ITALTHAI is also expected to established at least ten new factories in India, Srilanka and the Maldives by 2022.