SCG Ceramics Plc, a subsidiary of SCG Cement-Building Materials, will diversify into the solar energy business this year to increase its earning channels as growth in the Thai ceramic industry in 2021 will remain unchanged amid the pandemic.
Managing director Nampol Malichai expects the renewable energy business will contribute 5% of the company’s total revenue.
“SCG Ceramics aims to develop solar energy systems, with power generation capacity of 20-50 megawatts a year for factories, especially those in industrial estates,” he said.
The company is focussing on the domestic market since demand is growing and Thailand is also a major production base.
“We also see opportunities overseas, but many countries are still struggling…
