ThaiBev, the Singapore-listed food and beverage company, announced an investment plan of 7 billion baht for the expansion of its operations both domestically and internationally. The company’s CEO, Thapana Sirivadhanabhakdi, revealed that 4 billion baht will be used to construct a new beverage factory in Cambodia, while 3 billion has been set aside for logistics facilities, a biogas factory, and other strategic initiatives.
Acknowledging the revival of tourism and the food and beverage industries, Thapana stated that the company is taking steps to strengthen its brand and improve its competitive position.
ThaiBev expansion aims to achieve sustainable growth through three strategic pillars: growth, sustainability, and enablement. This includes diversification of market presence, expanding the product portfolio, and meeting evolving consumer demands.
