TUF allots B18bn for expansion | Bangkok Post: business

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TUF allots B18bn for expansion

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Thai Union Frozen Plc (TUF) is doubling its annual capital expenditure to 6 billion baht per year over the next three years to expand its production capacity and penetrate more Asean markets. 

Acold storage facility with a capacity of 30,000 tonnes will be built, with 20,000 tonnes operational this year and another 10,000 tonnes in 2014, says Mr Thiraphong. He added mergers and acquisitions will also play a part. TAWATCHAI KEMGUMNERD

President Thiraphong Chansiri said the investment of 18 billion baht is vital for the world's largest tuna firm to achieve total revenue of US$5 billion by 2015. The SET-listed company targets revenue growth of 15-16% to $4 billion this year.

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