Ocean Glass Plc has invested THB 670M to turn its glass tableware into a top regional brand strong enough to compete with EU imports. K Assakul, executive director of OGC said the new investment would be spent on increasing the company's annual production capacity by 20% to a total of 26M pieces per annum. By the middle of 2005, OGC;s Bang Poo factory in Samut Prakan will be able to produce 150M items of glassware per annum. With the expansion OGC expects to increase sales to THB 1.4BN in 2005, up from the 2004 target of THB 1.3BN. The higher capacity, expected to be totally utilised within two years of completion, will boost company revenue to THB 1.6BN by 2006. The OGC plant would then become the largest of its kind in Asia. Currently, Ocean leads the billion-THB glass tableware market in Thailand with a market share of 40%.
