Retail in Asia

In Sectors

Thailand’s Mega Home sees lighter 2015 growth

Mega Home Center Co, a home and construction materials retailer in Thailand, expects domestic growth in the value of construction materials to fall short of last year’s figure, as the economic outlook remains poor.

Chief operating officer Supornsri Naktanasukanjn said the value of Thailand’s domestic construction materials market grew by 15 percent to THB590 billion (USD17.48b) in 2014 as construction demand along the border helped to boost consumption.

Mega Home, a subsidiary of the Home Pro home-improvement chain, expects construction material growth this year of less than 15 percent due largely to the sluggish property market and subsiding demand from neighbouring countries.

(Source: Bangkok Post)