Bangkok Post
Family firm sets sights on Laos
Edited by : AL CIRCLE
1 min read
MT Alumet, one of Thailand's leading manufacturers of aluminium extrusions, is beefing up its domestic and global expansion and is set to diversify into mining and drinking water in Laos.
Executive director Jainnisa Kuvinichkul says the Thai-owned company is investing 200 million baht to raise production capacity at its Bang Na factory to 2,000 tonnes of aluminium a month from the current 1,500 tonnes a month.
Upon completion next year, the expansion should help raise the company's international sales to 30% from 20% now.
Founded in 1992 by the Kuvinichkul family, MT Alumet is ranked among the top three players in the high-tech aluminium market. The company supplies aluminium to all industries, including electronics, automobiles, aerospace, interior design and furniture.
Thailand's aluminium market is valued at 60 billion baht, with average annual growth of 10%. The high-tech aluminium market accounts for 30 billion baht.
Growth prospects hinge on whether local consumers are aware that aluminium can be used as an alternative to steel or wood in modern construction projects.
Aluminium is lighter than steel and is environmentally friendlier because it is 100% recyclable. Thailand's per-capita usage of the metal is 0.2 kilogrammes, compared with 6-7 kg in the US.
Executive director Jainnisa Kuvinichkul says the Thai-owned company is investing 200 million baht to raise production capacity at its Bang Na factory to 2,000 tonnes of aluminium a month from the current 1,500 tonnes a month.
Upon completion next year, the expansion should help raise the company's international sales to 30% from 20% now.
Founded in 1992 by the Kuvinichkul family, MT Alumet is ranked among the top three players in the high-tech aluminium market. The company supplies aluminium to all industries, including electronics, automobiles, aerospace, interior design and furniture.
Thailand's aluminium market is valued at 60 billion baht, with average annual growth of 10%. The high-tech aluminium market accounts for 30 billion baht.
Growth prospects hinge on whether local consumers are aware that aluminium can be used as an alternative to steel or wood in modern construction projects.
Aluminium is lighter than steel and is environmentally friendlier because it is 100% recyclable. Thailand's per-capita usage of the metal is 0.2 kilogrammes, compared with 6-7 kg in the US.
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