Thailand's PTT Oil and Retail Business (PPTOR) earmarks 74.6bn baht ($2.5bn) for the expansion of international petrol station and Café Amazon businesses
Café Amazon is Thailand’s largest branded coffee chain, with more than 2,600 stores across the country | Photo via Flickr
PTT Oil and Retail Business (PPTOR) has unveiled ambitious plans to grow its petrol station and Café Amazon coffee shop businesses internationally. According to the Thai firm’s acting CEO, Jiraphon Kawswa, PPTOR will invest 74.6 billion baht ($2.5bn) to grow its petrol station business from 1,986 sites to 3,100 sites and expand its Café Amazon brand from 3,186 to 5,800 stores.
Café Amazon is Thailand’s largest branded coffee chain, with more than 2,600 standalone and petrol station concession stores across its home market.
The planned growth is expected to be achieved by 2025 and will build on Café Amazon's existing presence across Cambodia, Laos, Myanmar, Vietnam, the Philippines and China, the firm has said.
In mid-January 2020, PTTOR’s parent company, Thailand’s largest oil and gas firm, PTT Public Company Limited (PTT), announced it was seeking to raise 54bn baht ($1.8bn) through its PTTOR retail unit in what is anticipated to be Thailand’s largest IPO of 2021.