Thai Tap Water Supply (TTW) expects to conclude its plans to invest in Myanmar this year, a top TTW executive said.
TTW, which is a producer and distributor of tap water in Thailand’s Nakhon Pathom and Samut Sakhon province, plans to invest in a project to produce 40,000 cubic metres a day of tap water in Myanmar, depending on the fate of the company’s talks with Myanmar authorities, Sompodh Sripoom, director and managing director of TTW, said, according to Thai media reports.
The total investment for the project, which would be TTW’s first overseas venture, may amount to something between $7.8 and $9.3 million.
However, the company does not expect significant profit from this small-scale Myanmar project in the initial phase, the managing director said.
TTW also plans to invest between $68.75 and $78.12 million to expand its production capacity by 100,000 cubic metres per day, and hopes to generate $184 million in revenue this year, Sompodh said.
TTW will postpone its plan for another foreign project, in Vietnam, after two or three years of negotiations have not shown much progress. However, this project could resume if the situation becomes more conducive in the future.