TOA Endeavor Holding (TOAVH) is positive 2020 income can reach 12.5 billion baht, stating it has actually invested greatly both locally and abroad.
Developed in 2015, TOAVH is a completely owned subsidiary of TOA Group Holding with 4 systems: commercial paint and automobile parts; chemicals; automobile dealerships; and home advancement, completely making up 15 business.
President Nattavuth Tangkaravakoon stated the predicted income development of 26.3% in 2020 will originate from 2 systems: commercial paint and automobile dealer.
For commercial paint, its subsidiary TOA-Chugoku Paints has actually allocated 500 million baht to build its very first abroad paint factory in Myanmar, anticipating to catch need from megaprojects.
The automobile dealer organization is anticipated to contribute over 50% for 2020 income through 3 business: iTOA Automobile Sales for Suzuki cars and trucks, Finest Automobile Sales for MG cars and trucks and Primus Autohaus for Mercedes-Benz cars and trucks.
” In 2020, TOAVH intends to catch brand-new megaprojects such as the 2nd stage of the Suvarnabhumi airport and public transportation jobs in cities. Myanmar is predicted to buy a brand-new seaport,” stated Mr Nattavuth.
” We prepare to include brand-new MG dealerships in Chon Buri near commercial estates with a financial investment of 40 million baht to serve the high density of employees.”
For 2019, TOAVH anticipates income of 9.9 billion baht, up by 6.5% from a year prior to.
Overall financial investment for all organization systems was 2.05 billion baht for this year.
” MG and Suzuki have actually together made 4,165 shipments in 2019, while Mercedes-Benz will start sales in 2020,” he stated.
” The high-end vehicle sector will assist TOAVH’s income next year, as we anticipate to offer 6,440 cars and trucks. We are positive about our projects in the middle of problems in the total vehicle market.”
TOAVH has 9 display rooms and service centres for MG cars and trucks throughout Chiang Mai, Bangkok and Pattaya, in addition to 3 places for Suzuki.
In 2020, the MG center anticipates to have 4,200 shipments, while Suzuki anticipates 1,640 cars and trucks to be offered.
The other day Primus Autohaus opened a brand-new Mercedes-Benz display room and service centre on Pradit Manutham Roadway, with a financial investment of 1.1 billion baht on a plot of 4 rai.
TOAVH anticipates to offer 600 Mercedes-Benz cars and trucks in 2020.
TOA Group Holding has a 29.99% stake in SET-listed TOA Paint Thailand, a producer and supplier of ornamental and non-decorative paint and covering items.
