Managing director Virapan Pulges said yesterday that the move was part of its Bt50-billion five-year investment plan for 2015-19 to step up the leadership of its business in Asean.

With Bt500 million for Ticon and Bt3 billion for Ticon Logistics Park Co or TPark, the remaining Bt500 million will be used for investment in Indonesia.

The second phase of its project in Indonesia is being developed with 51,000sqm of space for lease.

Ticon also sees the growth of industry in Vietnam, which is another country with long-term potential, he said.

Patan Somburanasin, managing director of TPark, said his company’s marketing strategy still focused on Greater Bangkok, especially Bang Phli in Samut Prakan and Wang Noi in Ayutthaya province, where it has 880 and 877 rai (141 and 140 hectares) of available land.

These two areas are ideal distribution hubs to serve the expansion of major industries such as consumer products, modern trade, e-commerce and logistics, he said.

The company’s construction innovation and value engineering continue to add value for customers, Patan said. It excels in the quality and proficiency of warehouse design to satisfy the numerous needs of customers, as manifested in its dangerous-goods warehouses, which are certified by the Industrial Works Department, and temperature-controlled warehouses.

Ticon Group considers itself the pioneer in Thailand in developing factories and warehouses to LEED (Leadership in Energy and Environmental Design) specifications that can reduce energy usage in a building for the least effect on the ecosystem. Ticon Group has 51 projects covering 2.36 million square metres of space under management. They include

Ticon ready-built factory projects with 1.12 million square metres of rental space and TPark ready-built and built-to-suit warehouses spanning 1.24 million square metres.

Ticon Group netted Bt770 million on revenue of Bt4.85 billion from rental factories and warehouses, asset sales to its real estate investment trust, and other sources last year.