After setting its focus on Central Luzon, oil company PTT Philippines Corp. (PTTPC), a wholly owned subsidiary of Thailand-based PTT Public Co. Ltd., is set to brave the competitive landscape of the Metro Manila market with plans to build new gas stations in the capital.
At present, PTTPC has a retail network of gas stations that covers Metro Manila, Central, Northern and Southern Luzon as well as the Visayas.
Out of all 70 PTT stations across the country, only 12 are situated in Metro Manila as the company’s previous strategic expansion plan did not involve growing its network in the country’s capital.
On the sidelines of the company’s tree planting program held in Cavite, PTTPC president and chief executive officer Wisarn Chawalitanon said the company will renew its focus on the North and South Luzon areas, particularly Metro Manila.
“Last year we had 15 stations. This year we are planning to build another 15 stations,” Chawalitanon said, adding that three of these stations will be in Metro Manila although he did not specify their exact locations.
Chawalitanon said the 15 new stations to be built this year will be bigger than the previous ones already established. In addition, PTT will also start rolling out premium or mega stations in the second half of the year.
In January this year, PTT opened four new gasoline stations in Quezon Province simultaneous with the opening of PTT signature facilities in each station such as a convenience store and coffee shop.
Two of the newly-opened stations are located in the town of Tayabas while the two others are in Mauban and Lucban, with the latter carrying PTT signature facilities the Jumbo Express convenience store and the Café Jungle coffee shop.
“We try to tap different markets. Before, our business was mainly through the distribution side, but we found out that the market for that is not stable. So we try to restructure our business and go to modern retail,” Chawalitanon said.
Chawalitanon said the group registered sales revenue of P23 billion in 2013 and they are looking to grow it further this year.