Suntory PepsiCo Beverage (Thailand) Co, the manufacturer and distributor of beverages under the Suntory and PepsiCo brands in Thailand, wants to grow its business by 2-3 times the average industry level over the next five years.
The company also pledges to cap its product prices, even as the third stage of the excise tax hike for sugar-sweetened beverages comes into effect on Saturday.
“The excise tax hike will definitely affect beverage companies, but even with higher operating costs, raising prices would be our last option,” said Ashish Joshi, the company’s chief executive.
Anawat Sangkhasap, the company’s chief marketing…
