After the acquisition, TCMC expects to roll out the English furniture business in the Asia-Pacific market next year. TCMC chairman Pimol Srivikorn said he was confident in the potential of DM Midlands and its acquisition was a great deal. After acquiring DM Midlands, TCMC expects its total revenue will nearly double to 6 billion baht next year, up from 3.2 billion forecast this year. Given its partnership with TCMC, DM Midlands wants to become one of the biggest UK carpet manufacturers in the near future. During the first half this year, TCMC posted a net profit of 102 million baht on total revenue of 1.69 billion baht.

Source: Bangkok Post October 26, 2016 00:00 UTC