Yong Concrete rejigs focus to industrial push

Quick Summary:

Yong Concrete, an MAI-listed manufacturer of concrete products, plans to shift its focus from the slow residential market to the industrial sector, which could cause growth to fall below the company's original target.

The project will be divided into four phases, and it is expected that the company will realise revenue from the first phase in the second half of 2025.

"Our two new plants in Rayong can support construction sites within a 150-kilometre radius, covering Chon Buri, Chachoengsao, and even Trat and Chanthaburi, where property development is taking place," said Mr Sunpetch.

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Article Details

Category: EconomyBusiness

Markets: ThailandChina

Topics: Sector Revenue Residential Industrial Baht Projects Investment Billion Concrete First Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 04:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22186227

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