Thai Rung Union Car Plc (TRU), the SET-listed vehicle assembler and auto-parts maker, will spend 500 million baht to expand production capacity in a bid to raise revenue by 15% this year.
Managing director Sompong Phaoenchoke said the auto industry's output is expected to increase to 2.81 million vehicles this year from 2.45 million last year, representing 15% growth, so the company's growth projection is in line with the industry.
"We projected the growth of the industry base on the fundamentals of the Thai economy. Since it has an indicator that demand for the auto industry is rising, the production side needs to boost output to serve demand," he said.
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