Thailand's Saha Group aims for 20,000 vending machines after IPO

Group company Sun Vending to use funds to deploy cashless machines

20211008N Thai vending

Sun Vending Technology, part of Thailand's Saha Group, is expanding the availability of cashless payment. (Photo courtesy of Sun Vending Technology)

MARIMI KISHIMOTO, Nikkei staff writer

BANGKOK -- Thai retailing conglomerate Saha Group looks to cash in on the pandemic-driven rise of vending machines, with plans to greatly expand the number of units run by a group company that recently went public.

"We will have 20,000 vending machines by 2023," Apassara Panupatthana, managing director of Sun Vending Technology, said after the company listed on the Thai stock exchange on Tuesday. The company currently oversees more than 13,800 vending machines.

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