PPT plans further expansion in 2024

The Thai energy company is opening new business divisions, expanding its network, and focusing on international operations.

Thailand’s PTT Oil and Retail Business Public Company Limited (OR) is poised to introduce a series of strategic initiatives in 2024 aimed at fostering innovation, promoting sustainability, and expanding its global presence.

Throughout 2023, OR experienced growth with a 7.0% increase in net profit to 11,094 million baht. The company's commitment to sustainability and corporate excellence received recognition, securing the top position among retailers in the Dow Jones Sustainability Indices (DJSI).

Looking forward to 2024, OR aims to strengthen its core business areas while embracing opportunities for expansion and innovation worldwide. Key aspects of the strategy include ambitious growth plans for foundational businesses, such as increasing the number of PTT Stations and expanding the Café Amazon network annually

The Café Amazon Park project in Lampang exemplifies OR's commitment to sustainability and community development. This initiative aims to establish a sustainable ecosystem for the Café Amazon value chain, emphasizing environmental conservation and community well-being.

In pursuit of its global aspirations, OR is focused on cultivating strategic partnerships and expanding its international footprint. The company currently operates in 11 countries.

"Our approach is not just about entering new markets but about creating value that resonates on a global scale. We aim to leverage our success in sustainability and innovation as a model for international growth, setting new standards for excellence in the energy and retail sectors worldwide,” said Disathat.

The first quarter of 2024, OR received the International Finance Award 2023 for 'Best Fuel Station Service Provider' in Cambodia.