B Grimm to focus investments on Thai energy projects

B Grimm will earmark Bt75 billion for power-plant expansion and other energy projects in Thailand over the next seven years.

According to its chairman, Harald Link, the company, established locally in 1878 originally as a pharmaceutical business, will focus its attention on energy business, raising the current contribution from 50 per cent of turnover to about two-thirds in 2018, he said.

"We plan a surge in our revenues from the Bt19 billion expected for this year to about Bt60 billion in 2018, when we celebrate our 140th anniversary in Thailand," said Link. "We also expect our revenues to reach Bt150 billion when we celebrate our 150th anniversary."

Link said that the energy business now contributed about 50 per cent of B Grimm's revenues, while another 15 per cent each comes from air-conditioning and healthcare business.

"We expect energy business to share two-thirds of our revenues by 2018," he said.

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