SNC Former plans factory, dividend | Bangkok Post: business

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SNC Former plans factory, dividend

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SNC Former Plc, the SET-listed maker of air-conditioner parts, plans to spend 700 million baht to boost production capacity and increase profit margin. 

Chairman Somchai Thaisanguanvorakul said a new factory will be built in Rayong province, with 500 million baht used to make heat exchangers and the rest going to machines for plastic parts, auto parts and electronics. Funding will come from cash flow and bank loans.

SNC aims for revenue growth of 20% after posting 7.65 billion baht last year, driven by air-conditioner parts, auto parts and electronic goods.

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