PTTGC Expects 10% Revenue Growth in 2021, Targeting More M&A for Investment Expansions

Mr. Kongkrapan Intarajang, Chief Executive Officer of PTT Global Public Company Limited (PTTGC), expected its revenue in 2021 to grow 8-10% in accordance with an increase in production capacity by 8-10%, while the oil prices were forecasted at an average of $50 per barrel.

 

The CEO stated that the pandemic outbreak has caused the economic slowdown, but would be a great opportunity for a Mergers and Acquisitions (M&A) at a reasonable price, while emphasizing that M&A remained PTTGC’s objective for an investment expansion to downstream productions.

The company is currently in the process of negotiation to acquire businesses that lack production systems such as plastic pellets factories to enable the company to penetrate into the auto industry, electronics and electronics industry, and construction industry. Mr. Intarajang expected to complete the deal within this year.