B. Grimm Group, one of Thailand's oldest trading conglomerates, is
expanding its energy and air-conditioning businesses across Southeast Asia.
Bayer B. Grimm, a joint venture
with a German partner, has been in talks to acquire an air-conditioning company
with assets in Malaysia, Singapore and Vietnam, said B. Grimm chairman Harald
Link.
B. Grimm holds 51% of the joint
venture with Bayer AG, he told a briefing yesterday.
The group is also seeking
investment opportunities in renewable energy such as hydro, wind and solar
projects in neighbouring countries. Malaysia, for instance, is a potential
location for hydro and wind energy projects.
With ongoing investments of 70
billion baht over the next seven years, B. Grimm aims to increase its
power-generating capacity from 500 megawatts to 2,000 by 2019.
If the planned renewable projects
are included, capacity could reach 5,000 MW, Mr Link said.
"In view of the upcoming
Asean Economic Community in 2016, B. Grimm is poised to explore new business
and investment opportunities in Asean countries such as Myanmar, Malaysia,
Vietnam and Singapore," he said.
Through B. Grimm Power and Amata
B. Grimm Power, a joint venture with industrial land developer Amata
Corporation, two projects will be completed this year on Amata's industrial
estate in Rayong.
Another two plants are under
construction at Bangkadi Industrial Park in Pathum Thani province.
Eight more projects are under
development in Thailand and Vietnam.
Merck Thailand, a joint venture
between B. Grimm and Germany's Merck, has seen opportunities to grow its
pharmaceutical business in Asean including Myanmar, Mr Link said.
The Competition Centre, a centre
of industrial metrology run by German partner Carl Zeiss AG, will be launched
this year as part of the group's healthcare business.
Joint venture Maquet Thailand
will introduce innovative medical devices such as artificial cardiovascular
grafts and mesh for hernia support after acquiring Atrium Medical Inc.
B. Grimm expects revenue will
grow by 17.7% this year to 23.5 billion baht, due mainly to its growing energy
portfolio.
In 2012, six core businesses
generated turnover of 20 billion baht, up 9.3% from the year before.
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