Thai Union Group PCL published robust fourth quarter data and all-time high annual financial results for 2021, driven by an ongoing recovery in its frozen and chilled business. During the fourth quarter of 2021, their sales have reached record of THB 38.5 billion, a 15.1% year-on-year increase. The reason of this is a rebound in the frozen and chilled seafood business following the reopening of food service, restaurants and hotels in the United States.
Sustainability still is Thai Union's business center. The company was pleased to be included in Dow Jones Sustainability Indices (DJSI), for the eighth year in a row. Also, Food Products Industry Index ranked Thai Union second in the world in 2021.
Despite the ongoing pandemic, Thai Union's management team helped ensure the business. Furthermore, they emerged stronger and in even better financial health. Last year, they also established Thai Union Lifescience. This will be responsible for distributing supplements to consumers in that fast-growing segment.
"Our long-term strategy of strengthening our core businesses while building value-enhancing new operations, along with financial discipline focused on profitability and sustainability, helped drive these excellent 2021 financial results," said CEO Thiraphong Chansiri.
Thai Union is one of the world's leading seafood producers and one of the largest producers of shelf-stable tuna products. Their annual sales exceed €3.9 billion ($4.5 billion). A global workforce of more than 44,000 people who are dedicated to pioneering sustainable, innovative seafood products.