The new plant will increase the Group's production capacity by approximately 80%.
Thai Union LinkedIn profile
Thai Union Feedmill Public Company Limited, a subsidiary in which Thai Union Group holds 51% of the total issued and paid-up shares, will undertake an investment project to construct an aquaculture business in Ecuador.
This project, with a total investment of up to USD 55 million, will be supervised and managed by Thai Union. The plant construction and machinery installation are projected to require approximately two and a half years, and commercial operations are expected to begin in 2028.
In addition, the Group will enter into a land purchase agreement, a construction contract for the factory building and utility systems installation, as well as agreements for the procurement of machinery, equipment, and production-supporting tools.
The world's seafood leader confirmed that the new plant will increase the Group's production capacity by approximately 80%. This expansion will support the growth of the country's aquaculture industry and further broaden the Company’s international operations beyond Thailand.
"This investment is expected to strengthen the Company's competitiveness, support its overall business operations, and generate long-term value," Thai Union said in a statement.
Finally, the Company affirmed that "this initiative will not affect the Company's business operations and is expected to generate maximum benefits for the Company and its shareholders in the future."
In 2024, Thai Union expanded its presence in Ghana with an 8,000-metric-ton cold store for its Pioneer Food Cannery (PFC) factory. The Group has invested $14 million to ensure that its factory achieves the necessary volumes for year-round production through vertical integration and optimization of its supply chain.