CHOW-Haco to Advance in Solar Rooftop Projects, Expecting ฿800Mn of Revenue in 5 Years

Chow Steel Industries Public Company Limited (CHOW) has announced that the company entered a joint venture with Haco Electric (Thailand) Co., Ltd., an expert in distributing electrical products with more than 40 years of experience, to establish Chow and Haco Solar Co., Ltd., holding 50:50 stake, to advance in solar rooftop business.

 

Mr. Anavin Jiratomsiri, CEO of CHOW, stated that the investment was in line with the Thai government’s plan in supporting solar power projects, while Chow and Haco Solar Co., Ltd. will serve as an expert in the field, supported by professional crews and high quality equipment along with Haco’s experiences in both domestic and international.

CHOW expected the newly established company to generate 800 million baht in revenue within five years.