An improved economy is among the key factors that Nippon Paint Decorative Coatings (Thailand) believes will help it record revenue growth of 25% to 2.25 billion baht in 2023.
“The company is optimistic about the domestic economy, which will grow this year as a result of the full reopening of the country, following the easing of the Covid-19 pandemic,” said general manager Watchara Siriritthichai.
He also attributed the revenue increase to painting projects in the state and private sectors, notably those related to repair work.
Paints are needed for construction and industrial products, including those in the automotive industry.
The company expects the local paint market to grow by 10% this year, with a total value of around 30 billion baht, with the construction segment…
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