Sep 20, 2006. /Lesprom Network/. Singha Paratech Plc, a maker and distributor of instant wooden floor planks, will spend THB 250 million ($6.6 million) to expand its production capacity from 1.5 million square meters to 2.2 million square meters in the next year, said CEO Somchit Bosereewong, The Nation reported. He said the budget for the expansion would come from the company's cash flow and bank loans. The increased productivity is expected to help the company boost sales 40% to THB 1.4 billion ($37.2 million) next year. The company expects sales of THB 1 billion ($26.5 million) by the end of this year, up from THB 750 million ($19.8 million) last year. Singha Paratech Plc currently manufactures instant wooden floor planks for residential and office floorings under its Singha Parket label. The company takes custom orders, as well. To help achieve its sales target, the company appointed on September 19 Cementhai Sales and Marketing Co Ltd, the marketing arm of the Siam Cement Group, to be its exclusive distributor. The company expects the deal to increase its domestic sales from 20% of total sales before to 30% this year and 50% next year. Somchit said the deal would allow Singha Paratech to be featured in Cementhai Home Marts, of which there are 300 branches nationwide. At present, 80% of its total sales come from export markets in Asia (excluding Thailand), Europe, the Middle East, the US and Canada. The company reported total first-half sales of almost THB 421 million ($11.1 million) for a net profit of THB 35.6 million ($942 023).