S.P.S. Group, a major Thai furniture exporter, is targeting THB5 billion (USD161.76m) worth of exports in three years after being named a major supplier to Ikea, the popular Swedish do-it-yourself furniture chain.
The company targets 20 percent export growth to THB2b this year. However, it has secured a six-year, THB18b contract with Ikea that will result in much greater growth.
(Source: Bangkok Post)