DKSH Group ups investment in Thailand

The DKSH Group has shrugged off the political pyrotechnics and earmarked more than 1 billion baht (US$30.84 million) for investment projects in Thailand this year, including the recent acquisition of Shell Distribution, a subsidiary of Shell of Thailand. The addition of Shell Distribution allows DKSH (Thailand) to penetrate the automobile industry, giving the company an even larger market share and opening up an entirely new trade channel for products and categories for suppliers, DKSH Group President and Chief Executive Joerg Wolle said. By integrating Shell’s existing infrastructure of 30 depots around the country and 225 specialists, DKSH is significantly expanding its footprint and network in the Kingdom, Wolle said while declining to disclose the value of the transaction. (June 23, 2010)