Thai Union adds storage
published : 7 Jan 2022 at 04:00
newspaper section: Business
Thai Union Manufacturing (TUM) has teamed up with JWD InfoLogistics subsidiary Pacific Cold Storage Co to launch a joint venture called Pacific TUM Cold Storage (PACT).
The 50:50 joint venture has registered capital of 160 million baht and plans to construct a new cold storage warehouse in Samut Sakhon province. The site can accommodate more raw materials and products produced by TUM.
Thiraphong Chansiri, chief executive of Thai Union Group, said the new joint venture would create a needed space to store raw materials for Thai Union while fuelling its business expansion.
"The investment will enhance Thai Union's supply chain management and competitiveness," said Mr Thiraphong.
"Pacific Cold Storage Co has a long experience in the cold storage business, and we look forward to embarking on this new journey together."
The construction of PACT's cold storage facility is scheduled for completion in the fourth quarter of this year.