Kao Industrial (Thailand) Co, a manufacturer of consumer products and chemicals, expects Thailand’s consumer product market to recover in the second half of this year.
President Yuji Shimizu said after the majority of Thais are vaccinated and resume normal activities, Thailand’s economy should improve.
“Consumer product businesses such as beauty care products, cosmetics, UV care and hair colouring are likely to recover after a slowdown the past two years,” he said.
Mr Shimizu said the company is monitoring the impact of the Russia-Ukraine crisis, the persistent Covid-19 risk, and rapidly rising raw material costs that may affect the company.
As part of a plan to capitalise on the recovering economy and demand for…
