Siam Makro Plc, the Makro operator, has announced plans to invest 11 billion baht in business expansion this year.
According to the group’s CEO, SuchadaIthijarukul, the investment will be used to open 30 new Makro stores in Thailand, three in India, and two in Cambodia.
The expansion plan puts the total number of Makro stores at 184 this year. Of the total, 172 stores are located in Thailand, and 12 are in foreign markets.
The Makro CEO also stated that the company plans to expand the operation of Siam Food Services Ltd, its frozen product distributor, by the second quarter of this year and to launch “maknet,” a new business-to-business (B2B) marketplace.
Siam Makro has been involved in the offline-to-online business…
