TWPC Food Business Sales Hit 5-Year High

MGR Online•Economy•15m ago

Reader Briefing

Thai Wa's food business reached a five-year sales peak in the third quarter, contributing to an increase in overall group net profit.

•Thai Wa food business sales in Q3 reached 703 million baht, a 14% increase from the previous year.
•The company's consolidated net profit for Q3/2026 rose 64% to 29 million baht.
•Thai Wa acquired Well-Grow to integrate expertise in sauces and seasonings into its food solutions.
•The company is expanding HVA production with a new modified starch plant and premix plant in Jiaxing, Zhejiang, China.

•Thai Wa food business sales in Q3 reached 703 million baht, the highest in over 5 years, representing a 14% increase year-on-year.
•Thai Wa reported a consolidated net profit for shareholders in Q3/2026 of 29 million baht, an increase of 64%, with total sales revenue of 2,478 million baht.
•For the first 9 months, Thai Wa recorded a net profit for shareholders of 168 million baht, an 8% increase, and total sales revenue of 7,240 million baht.
•Thai Wa acquired Well-Grow to combine expertise in sauces and seasonings with Thai Wa's noodle and food texture capabilities.
•Thai Wa is investing in a new modified starch production facility and a premix starch plant in Jiaxing, Zhejiang Province, China to support HVA products.
•Thai Wa food business in Vietnam experienced growth in both revenue and sales volume during the first 9 months of the year.
•Thai Wa expects net profit for shareholders to grow at a good level for the full year 2026.
•Thai Wa aims to expand the food and HVA businesses through innovation and regional expansion in 2027, with full benefits expected in 2028.

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Thai Wa(ไทยวา)

A company transitioning into a Food Company focusing on food business, HVA, and modified starch.

Well-Grow Co., Ltd.(บริษัท เวลโกรว์ จำกัด)

A company acquired by Thai Wa that specializes in sauces and seasonings.

Vietnam(เวียดนาม)ℹ️

A location where Thai Wa's food business saw growth in revenue and sales volume.

Jiaxing(เมืองเจียซิง)ℹ️

The city in Zhejiang Province, China, where Thai Wa is establishing a modified starch and premix starch plant.

Zhejiang Province(มณฑลเจ้อเจียง)ℹ️

The province in China where the city of Jiaxing is located.

China(ประเทศจีน)ℹ️

The country where Thai Wa is expanding its production facilities in Zhejiang Province.