Krungdhep Document Co (KDC), a documents storage and management services provider, plans to spend 300 million baht next year to construct a data centre and expand warehouses as it aims to aid the transition to Thailand 4.0.
The data centre is expected to be completed in the first quarter in 2019, and the warehouse space is projected to increase from 30,000 to 40,000 square metres. All operation facilities are in the same area of Chachoengsao province.
Suparp Tungtriratanakul, the managing director, said the investment should help KDC's customers with e-statement management and content hosting service.
"KDC is confident that the storage and management of documents and information in the country is still growing, helped by demand flows from both government agencies and corporate firms," he said. "Implementation of the Thailand 4.0 initiative is stimulating all sectors to adopt and adjust internal systems to comply with higher technology and innovation."
Mr Suparp said KDC's main customers are financial institutions, private firms and government units.
"It is very important we use best practices for safety and security to keep our customers' data and documents," he said. "Private firms represent 70% of our portfolio, with the government making up the rest."
Founded in 1995, KDC is a subsidiary of Krungdhep Sophon, in which the Finance Ministry and Bangkok Bank are two major shareholders.
Krungdhep Sophon owns the entirety of KDC, with 100 million baht in paid-up capital.
KDC's core business is provision of warehousing services, document management and computer backup media based on a bar code system.
Mr Suparp expects the digital trend to help the logistics flows of documents and information storage, as well as management solutions in Thailand, while the paper-based fiscal documentary storage is being replaced by electronic files.
Paper-based documents account for 80-90%, while the electronic files capture below 10% because many customers prefer to store important documents in paper.
Mr Suparp said the country's fiscal document market is worth roughly 1 billion baht annually, with double-digit growth.
"The digital implementation remains part of our plan because it can handle the massive logistics flows in the future," he said. "Digital things can ensure accuracy and speedy search, as well as prevent errors in the management system compared with the traditional methods that have many procedural details that affect documents, electronic media and audit protocols."
KDC forecasts revenue this year to rise by 11% to 230 million baht from 206 million baht last year.
In 2019 the company expects a 10% increase in revenue, due to demand from KDC's existing customer base of 1,000 firms.
Mr Suparp said the company also plans to expand its market presence into other countries in Southeast Asia, specifically the Philippines, Indonesia and Singapore.
The company already has customers in Malaysia, Myanmar and Laos.
