TOA Paint (Thailand), Thailand's largest paint manufacturer, intends to be the largest manufacturer of protective coatings in Southeast Asia, with annual sales in all categories forecast at 20 billion baht over the next three years.
Turnover is projected to grow by 16% annually from now to hit 20 billion baht by 2015, said Jatuphat Tangkaravakoon, deputy chairman of the TOA Group, parent company of TOA Paint.
From 2007-11, sales grew by 12% a year on average. This year, the group is aiming at 18.6 billion baht in sales after setting a record with 15.5 billion baht last year.
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