In 2016, Thailand-based concrete manufacturer Chonburi Concrete Product (CCP) plans to earn THB 2.60 billion (€66.44 million/US$72.15 million) in revenue, an 8% increase compared to its 2015 revenue target of THB 2.4 billion.
The company will grow through its backlog of projects valued at THB 2.4 billion that are set to be completed within 18 months. It currently has additional projects worth THB 1 billion in the stage of bidding.
The company will input THB 150 million into investments that will boost its manufacturing process.
According to managing director Artit Teeparkornsukkasem, the gross profit margin of the company could reach 13% in 2016, jumping 11% to 12% from 2015.
The company's net profit margin could rise over 4%.
The company will manage its risks by increasing its sales channels option and by shifting its business-to-business model to business-to-consumer model.
The company has put its revenue ratio target between public and private sectors to 60:40 in 2016, from 70:30 of 2015.
