ACG invests 300 million baht to expand FAST-FIT to 30 locations, pushing sales to reach a billion in 2025 – Stock Dimension

2023-06-22 13:27:51

Stock dimensions – Mr. Panumas Rungkakulnuwat Chief Executive Officer of Autocorp Holding Public Company Limited or ACG revealed that Autoclic by ACG Company Limited (a subsidiary of ACG holds 100%) intends to invest 300 million baht to expand 30 FAST-FIT service centers for all brands of cars by 2024, divided into 7 branches in 2023 and 10 branches in 2024 in potential locations across the country from the current 12 branches (opening more 1 branch at Si Kor Intersection, Kathu, Phuket, on June 23, a total of 13 branches)

In addition, the company plans to expand branches 14-16 at Bang Wa-Phetkasem, Ngamwongwan and Vibhavadi locations, respectively, by spending a budget of no more than 20 million baht per branch, which is the original investment budget and money from the bank’s funding with low interest rates. Only 3% ready to see that if expanding to 30 branches in the year ’67, sales will reach a thousand minus. and turn profitable within the year 2025, in line with the Gross Profit Magin of the FAST-FIT business that tends to grow continuously.

However, if the company expands FAST-FIT to 30 branches, the company expects it to be another business that has the potential to drive ACG’s growth and be the starting point for listing “Autoclic by ACG Company Limited” in the Stock Exchange of Thailand. the stock market in the future

However, the minimum wage increase according to government policy The company sees that it has no impact. Because the employees are hired as Skill Labor employees who are already paid more than the minimum wage. Only a small fraction of the minimum wage that the company is willing to follow the policy.

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