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Thai Union Targets 1.4 Hundred Billion Sales and Production Upgrades

Thai Union Targets 1.4 Hundred Billion Sales and Production Upgrades

Prachachat•Economy•29m ago

Reader Briefing

Thai Union Group targets sales near 140,000 million baht in 2026 as part of its Strategy 2030.

  • •Thai Union Group expects 2026 revenue to approach 140,000 million baht, growing from approximately 132,000 million baht in 2025.
  • •The company aims for annual growth of 4-6% and plans to maintain a gross profit margin of at least 20% until 2030.
  • •Thai Union Group is upgrading over 20 production plants globally, with Thailand serving as the main production base accounting for 60% of total volume.

Overview

  • •Thai Union Group expects 2026 to be the first year of clear growth after several years of limited growth.
  • •Thai Union Group targets sales growth of 4-6% for both 2026 and 2027 under Strategy 2030.
  • •Thai Union Group is focusing on processed seafood, pet care, and value-added products as primary growth engines.
  • •Thai Union Group aims to maintain a gross profit margin of not less than 20% through the year 2030.
  • •Thai Union Group plans to restructure two frozen seafood plants in Samut Sakhon province with an investment of 600-800 million baht.
  • •Thai Union Group reduced the 2026 investment budget from approximately 6,000 million baht to 4,000-5,000 million baht.
  • •Thai Union Group aims to reduce the Debt to EBITDA ratio from approximately 5 times to below 4.5 times within 2-3 years.
  • •Ratiporn Rascharoen noted that the US market is growing at approximately 8-9%, while European sales remain stable despite economic challenges.

Full article content is available on the original source.

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Source: Prachachat (Original)

Key Quotes

Ratiporn Rascharoen
"Furthermore, the direction of the global food business is changing, from operators focusing on increasing sales volume to focusing on creating value-added products."
นอกจากนี้ทิศทางธุรกิจอาหารโลกกำลังเปลี่ยนแปลง จากเดิมที่ผู้ประกอบการมุ่งเพิ่มปริมาณการจำหน่าย มาให้ความสำคัญกับการสร้างมูลค่าเพิ่มของสินค้า

Key Entities

Organization

Thai Union(ไทยยูเนี่ยน)
A global seafood and food business company implementing Strategy 2030.
Thai Union Group Public Company Limited(บริษัท ไทยยูเนี่ยน กรุ๊ป จำกัด (มหาชน))
The full corporate entity of Thai Union, also referred to as TU.
BOI
An entity providing tax benefits that may become less worthwhile due to global minimum tax measures.

Person

Ratiporn Rascharoen(รติพร ราษฎร์เจริญ)
Chief Financial Officer (CFO) of Thai Union Group Public Company Limited.

Place

United States(สหรัฐอเมริกา)ℹ️
An international market where Thai Union is seeing growth of approximately 8-9%.
Europe(ยุโรป)ℹ️
An international market facing challenges from the cost of living and economic situations.
France(ฝรั่งเศส)ℹ️
A country where Thai Union has a successful brand that is being expanded to other markets.
United Kingdom(สหราชอาณาจักร)ℹ️
A market where Thai Union introduced a brand successful in France.
Thailand(ประเทศไทย)ℹ️
The main production base for Thai Union, accounting for approximately 60% of total production.
Samut Sakhon(สมุทรสาคร)ℹ️
The province where Thai Union plans to restructure two frozen seafood plants.