DT Group of Business (DTGO), owned by the Chearavanont household, is broadening overseas in home advancement, style, building and construction consultancy and trading as it looks for to improve income to 35 billion baht by 2020.
Group president Raj Tanta-Nanta stated the business this year will broaden into home advancement in China, style in Asean nations and trading through the e-commerce channel.
” A years ago we were simply a little group of business, however with our active growth over the previous 3 years, especially in home advancement, we are today a fairly huge group with combined possessions worth around 100 billion baht,” he stated.
Home advancement produces 60% of the group’s income. Business is primarily run by among the group’s subsidiaries, Magnolia Quality Advancement Corporation (MQDC). The designer this year prepares to release 4 brand-new tasks, each worth in between 3 billion and more than 10 billion baht.
Among them will be a mixed-use advancement in Pattaya, a massive task found on a 40-rai plot in the Na Jomtien location, which MQDC will co-invest with Shanghai Kinghill Ltd, among the Chearavanont household’s China-based business.
” We are preparing the Pattaya task and will include an amusement park to it,” stated Mr Raj, previously vice-president for financier relations at Thai Airways International. He signed up with DTGO in February 2016.
MQDC prepares to establish home tasks in Shanghai.
This year it will develop brand name awareness in China by presenting its Thai domestic tasks to Chinese purchasers after developing a subsidiary in 2015, MQDC China.
Mr Raj stated the group’s trading sector, under subsidiary D Supreme Co, will this year establish an e-commerce application as a sourcing center and intends to look for providers worldwide.
The group anticipates procurement and trading, which covers IT devices and building and construction products, to create 50% of the group’s overall income in 2020 from almost 40% in 2015.
In 2016, the group produced 13 billion baht in income, increasing by 30% from 10 billion baht in 2015, and anticipates to create 20 billion baht this year and 35 billion baht in 2020.
Other sources of fee-based earnings, which represent just 1% of the group’s overall income through style under Di Styles Co, and building and construction consultancy services under DPlan Shanghai Consulting Co, will broaden to other nations.
Di Styles, which runs in Thailand and China, prepares to take style tasks in Myanmar and Vietnam.
This year it will start a style task worth 4 million yuan (20.1 million baht) at an university in Kunming.
DPlan Shanghai Consulting, which is based in Shanghai, will be developed in Thailand this year.
