BM Is Confident in Gaining 20% Growth, Expecting Factory in Myanmar Soon!
After receiving constant projects, BM is expecting 10-20% revenue growth this year. A factory in Rojana Industrial will be completed next year and a plan to expand business in Myanmar is being discussed.
Mr. Tanin Sajjaboribun, Bangkok Sheet Metal Public Company Limited (BM)’s chief executive officer vice chairman of the board directors, is confident that BM’s growth rate will rise 10-20% from last year’s 846 million baht in revenue as the company receives greater number of telecommunication tower projects along with various other projects. BM is expecting to realize most of backlog projects worth 500 million baht within this year.
BM also in the middle of joint venture with Japanese partners, NITTO, to establish a new factory in Rojana Industrial next year.
Moreover, BM also plans to expand its business to Myanmar. The plan is currently being discussed with partners to set a factory there. The draft MOU is expecting to be finished by third quarter of 2018, and will be signed by the end of this year. The business expansion in Myanmar will increase BM’s sales opportunity, which will significantly benefit company’s growth in the future.
