Ratchaburi Electricity Generating announced a name change to Ratch Group Public Company Limited.
Kijja Sripatthangkura, the CEO, said it was moving beyond its core business of electricity generation.
The company wants to achieve a Bt200-billion enterprise value by 2023 driven by investment in infrastructure projects both in Thailand and overseas.
“The investment in infrastructure is expected to reach 25 per cent of total investment value by 2023. Under the easily recognised name of Ratch Group PCL, it enables to position the company’s obvious presence in non-power generation business.
"The first rebranding of Ratch after the establishment in 2000 will enhance the company’s internationalisation in response to increasing overseas investment goal and move us towards a leading company in the Asia-Pacific for creating economic value, coupled with environmental stewardship, and contributing benefits to society and the nation entirely,” said Kijja.