Loxley goes deep green
New units to provide 20% of revenue
- Published: 19/09/2011 at 02:44 AM
- Newspaper section: Business
Loxley Plc, one of Thailand's biggest trading conglomerates, is spending about 4 billion baht on its five-year renewable energy plan ending in 2014.
Loxley began refocusing on renewable energy in 2010, setting an ambitious goal to raise its revenue from green business to 20% of an estimated 30 billion baht in 2016 from almost 0% of the 10 billion expected this year.
"The new sector will be a coming boom business with sustainable growth in Thailand due to full support from the government," said Loxley president Dhongchai Lamsam.
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About the author
- Writer: Yuthana Praiwan
- Position: Business Reporter
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