June 22 – Mr. Auttapol Rerkpiboon, President and Chief Executive Officer, PTT Public Company Limited or PTT informed the Stock Exchange that PTT’s Board of Directors held its meeting No. 6/2023 on On June 21, reviewed the investment plan of PTT and companies in which PTT holds 100% of shares and approved the adjustment of the investment plan for the year 2023 from 33,344 million baht to 93,598 million baht, such as reducing the natural gas business. International trading business and downstream petroleum business New Business and Infrastructure and Headquarters The most increased is the investment in companies in which PTT holds 100% of shares, originally 12,515 million baht, increased to 73,779 million baht.
Mr. Auttapol indicated the review of the above investment plan. Most of them are changes in investments in companies in which PTT holds 100% of shares, such as investments for joint investments by PTT LNG Co., Ltd. in the 2nd LNG Receiving Terminal project and joint investments in the vehicle business. Fully integrated electric vehicles, mainly from the electric vehicle factory of Horizon Plus Co., Ltd. and the battery factory in Thailand of Arun Plus Co., Ltd., while investing in other projects. which is PTT’s core business to create energy security for the country is still in accordance with the original investment plan, such as the natural gas separation plant unit 7 to replace the natural gas separation plant unit 1, including the project gas pipeline Bang Pakong – South Bangkok Power Plant and the 5th Onshore Natural Gas Transmission Pipeline Project
Analysis of Land and Houses Securities Public Company Limited states that one of PTT’s long-term business goals is to look for New Growth by increasing the profit margin of the energy business of the future. and other businesses by more than 30% in 2030. Two important business strategies are focusing on renewable energy and electric vehicles (Future Energy) and new businesses beyond energy (Beyond) by looking for strong partners. Have real expertise in that business, develop new businesses to cover from upstream to downstream and looking for ways to expand the business and build management strength by utilizing PTT’s resources and strong business base. Asia) is a core company with a registered capital of 13.6 billion baht, having invested in Lotus, a listed company in Taiwan. Doing business in the production and distribution of drugs, focusing on generic drugs that cover many groups of diseases, Invest in Inter Pharma Public Company Limited (IP), a company listed in mai, with PTT holding 20% of shares, operating a comprehensive health product business from pharmaceuticals to innovative medicines. Until health supplements, pharmacies, and most recently, a hospital and invested in Namvivat Medical Corporation Public Company Limited, with PTT holding 18% of shares, manufacturing, importing and distributing medical equipment and devices for cleaning Clean and disinfect and provide relevant services. – Thai News Agency
Source: Thai News Agency