SCG Retail Co Ltd, the building materials distribution arm of the Siam Cement Group, expects sales to rise 25% to reach 10 billion baht this year, thanks to a continuing growth in the residential sector, according to Krij Kulanet, managing director of SCG Network Management Co Ltd.
The company, which distributes home improvement and building products for the country's top industrial conglomerate, forecasts 5% expansion in new residential units this year, helped by a return to growth in the economy, partly driven by the government's Thai Khem Khaeng infrastructure spending programme.
via SCG Retail riding property upturn.
