By Myrna M. Velasco
Thai firm subsidiary PTT Philippines will be beefing up its retail network to the scale of 400 stations in the next five years, according to company president Sukanya Seriyothin.
That will be a climb from a comparatively moderate 150 stations this 2018, as Seriyothin noted the company “has been expanding slowly but surely.” At this stage, she said the planned magnitude of investment will be P5.0 billion, but that is being updated annually depending on the pace of expansion accomplishment that they have been logging annually.
The company to-date has 140 commercially operating gasoline stations; but that will be shored up by 10 more stations until year-end.
Aside from reinforcing its petroleum retailing portfolio, the Thai oil firm is also robustly introducing its “Café Amazon’ into market.
Its business model is combining that coffee-underpinned food tidbit at its gasoline stations as well as in various malls of targeted market areas.
One of the latest developments also for PTT Philippines, is carving out its trading arm – appointing the first Filipino chief executive for that business segment.
PTT Philippines Trading Corporation President Danilo Alabado said their focus will be on wholesale fuel trading for the company – with him having touch both on the domestic and international trading of fuel commodity.
For the Philippine market, the major clients of PTT are airline companies – adding the Philippine Airlines this year among its key market for a procurement of 2.0 to 3.0 million liters monthly.
Other clients in the aviation sector had been Cebu Pacific (its longest and a major one at that); Emirates as well as host of other commercial and industrial end-users.