BG Container Glass (BGC), Thailand’s largest glass container manufacturer by capacity, expects demand for packaging products to increase despite a rise in the cost of raw materials.
The higher demand will mainly come from the further easing of travel restrictions, following an improvement in Covid-19 infections, said the firm.
“More tourists can boost demand for food and beverage packaging,” said Silparat Watthanakasetr, BGC chief executive.
“But if the government increases the excise tax on alcohol, it will affect consumer purchasing power.”
A new excise tax will drive up prices of alcoholic drinks, making people reluctant to buy them, he said.
BGC is reconsidering its business plans, including a new glass melting furnace development project, because it is encountering higher prices for energy and raw materials, caused by the impact of the Russia-Ukraine…