Teka Construction shifts focus to non-condo projects for revenue growth

Teka Construction Plc is shifting its attention towards non-condominium projects, housing developments, and construction materials in an effort to decrease its dependence on high-rise residential projects.

Chief Financial Officer Suphon Chongchintaraksa revealed that the company plans to broaden its scope and clientele to encompass various construction projects, including international schools, warehouses, shopping centres, and government sector developments.

“Construction work in the private sector is growing, particularly in non-condo projects,” he said. “We are bidding for the construction of international schools and warehouses with an overall value of 2-3 billion baht.”

Data from the Office of the National Economic and Social Development Council indicates that private sector construction spending increased by 1.6% to 569 billion baht…