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Thailand's PTT Oil and Retail Business (PTTOR) plans to invest 93.5 billion baht (US$2.9 billion) over the next five years to expand its food and beverage business, utilising its big gas stations network, its chief executive said on Monday.
SET-listed PTT Oil and Retail Business Plc (OR) is allocating capital expenditure worth 26.9 billion baht to further expand its retail businesses, including Cafe Amazon, as well as develop the food and beverage businesses of its partners.
PTT Oil and Retail Business Plc (OR), Thailand's largest oil trader by volume, aims to increase its non-oil business revenue through a 6-billon-baht food production and goods distribution complex in Ayutthaya.
PTT Oil and Retail Business Plc (OR), the country's largest oil trader by sales volume, has expanded its food business by acquiring a 25% stake in Imsub Global Cuisine Co (ISGC), the owner and operator of restaurant brands including Kouen Sushi Bar, for 192 million baht.
(Bloomberg) -- Thailand’s largest fuel retailer plans to open its coffee outlets in India and Indonesia and expand its footprint in China to lower its reliance on revenue from fossil fuels with the world increasingly embracing electric vehicles and renewable energy.