Italthai Engineering expects 45% increase in revenue
By The Nation
Sakol Laosuwan, President
Italthai Engineering has announced that it expects to see a 45% increase in revenue this year, the company said in a press release on Thursday.
Sakol Laosuwan, President & CEO, Italthai Engineering Company Limited (ITE), said: “The company focuses primarily on large scale electricity generation and distribution system projects, renewable energy projects, MEP systems for high rise buildings, petrochemical infrastructure construction projects, as well as automated warehouses and factories that are now growing in Thailand.”
ITE's services include general construction, and engineering, engineering design, project and construction management, operation and maintenance. ITE has also expanded its business to Myanmar under the name Italthai Engineering (Myanmar).
It is a wholly owned subsidiary catering to the Thai Investors exploring manufacturing and logistics opportunities, and other international investors who require experienced engineering contractors who can comply with international construction and engineering standards and deliver quality projects.
The company current backlog includes over 45 projects.
ITE’s strategies and business directions in 2019 will focus on exploring new business opportunities and business direction within the new S-Curve industries in line with the government's Thailand 4.0 core industry plan, the company said.
The New S-Curve will be an extension of its core business and will include smart grid systems, electrical and mechanical system and advanced automated solution for telecommunication and transportation industry, factories and infrastructure utilities for industrial estates in EEC, automated warehouse and smart factories and other projects involving automation and integrating smart solutions.
The company also plans to expand its business to Cambodia and Lao PDR.
‘Eat, Shop, Spend’ wins 1m subscribers on very first dayBy The Nation The “Eat, Shop, Spend” campaign earned an overwhelming response on Monday (September 23), the very first day of its launch, with close to one million Thais registering. Krungthai Bank set the daily limit for registration at one...READ MORE...
Consumers’ rights to be protected under new MoUBy THE NATION The Electronic Transactions Development Agency (ETDA) last week signed a memorandum of understanding (MoU) with major consumer organizations and private companies on a consumer protection initiative covering products and services sold...READ MORE...
Farmers want solution to falling price of snapper fish A group of fish farmers have called on the government to solve the problem of the falling price of snapper. Pramot Mongkolcheeva, a member of the group that raises snapper, said the price of the fish had fallen from Bt130-Bt140 per kilo to...READ MORE...
Fears for Indian after he is swept away by flooded streamBy THE NATION A file photo, taken on September 23, of a flooded area in Kabin buri district of Prachin Buri province An Indian national has gone missing in a strong, overflowing stream amid floods in Prachin Buri province, prompting a...READ MORE...