Thai Union Feedmill Lists (SET: TFM), aims to lead the aquaculture and commercial animal feed industry
Bunluesak Sorajjakit, CEO of TFM, said the company, which started its food business under the symbol “TFM”, has more than 20 years of industry experience and has accumulated know-how. which has led to innovations in production processes. The Company has become a leader in the production and distribution of feed for aquaculture and commercial animals in
Following the company’s listing on SET, TFM is prepared for continued sustainable growth and determined to assume the leadership role in the aquaculture and commercial animal feed industry. Between 2021 and 2023, he plans to spend the proceeds from the sale of shares (
I. Develop the production and distribution of feed for aquaculture through
ii. Repay loans between
iii. Use the rest as working capital.
In addition, as a policy, TFM intends to pay dividends twice a year, amounting to not less than 50 percent of net profit according to the consolidated financial statements after reduction of all categories of reserves in accordance with company rules and legal requirements.
The CEO of TFM adds that the Company is determined to expand its operations to overseas markets with appropriate business models deemed beneficial. These are:
I. Technical support to the Indian partner
A technical cooperation agreement with Avanti Feeds Limited (AVANTI),
II. JV abroad with partners
I. TFM has partnered with strategic partners to train
ii. TFM has formed a joint venture
III. Direct exports to various foreign countries including
IV. Expanding the domestic market, TFM plans to develop new business and continues its efforts to maintain its competitiveness as an industry leader. The Company is the first
For these reasons, TFM is in a privileged position to pursue growth opportunities in local and foreign markets through the expansion of production of aquatic and other animal feed. Other channels for overseas expansion include entering into cooperative agreements with local strategic partners or joint ventures to establish production bases, which will contribute to the sustainable growth of the Company. So far, TFM has generated great interest from institutional and retail investors. This is a clear sign of confidence that TFM stock has strong fundamentals that should be widely accepted by investors.
For more information, please contact: Ornanong Pattaravejakul (Fah)
Phone. : + 66-99-194-6597, + 66-86-801-8888, E-mail: firstname.lastname@example.org
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