HoonSmart.com >> “Thai Foods Group” is preparing to invest 2.5-2.7 billion baht to build a pig breeder / feed In Thailand and Vietnam Support plan to increase production capacity Pig breed development in collaboration with the French alliance In terms of this year’s performance, we expect to receive anings in both demand and selling prices of pigs to be at a good level, supporting annual revenue growth of 10-15%. Europe has raised the quota of imported poultry products.
Mr. Winai Tiao Somboonkit Chief Executive Officer of Thai Foods Group (TFG) revealed that in 2021 the company expects to build a breeder farm. Additional include animal feed factories in Thailand. And Vietnam, the investment value this year about 2,500-2.7 billion baht, with 80% of which is an expansion of investment in Thailand And the remaining 20% invest in Vietnam.
While the trend of the pig business this year Expected to grow significantly From market demand demand And production in Thailand is planned to increase by approximately 20%. In Vietnam, the company plans to expand approximately double the production capacity last year.
Mr. Winai said that in the year 2021, the company has set a 10-15% revenue growth target compared to the previous year. The pig segment will expand from higher production volumes and favorable prices. In addition to the pig business in Vietnam, the price still stands at a high level as well. Including the expansion of farms at the breed level both in the country and in Vietnam, some have started The chicken business will expand from the cooked chicken business, which will have an increased production capacity.
The chicken business this year as planned will continue to grow. Continue to find new markets For example, the Middle East, which is a Muslim country. Which is the most consuming chicken meat in the world The company has been approved to increase export of chicken parts to Saudi Arabia, Barren, Qatar, Kuwait and Oman are among the other factors contributing to this year’s chicken business revenue. Strong growth
TFG Chief Executive Officer said another positive factor supporting it is: In the event that the UK (UK) leaves the European Union (EU) or Brexit, at the end of 2020, the European Commission has announced the Quota Allocation Regulation (EU) confirming the quota of Thai poultry products. Under the EU’s binding schedule under the World Trade Organization (WTO), it was found that the amount of quota that Thailand has been allocated compared to the statistics of Thai poultry exports to the EU, 27 countries and the UK for the past three years. (2017-2019) Thailand received more allocation Giving Thailand the opportunity to export more poultry products And has been in effect since 1 January 2021
“Given the ongoing impact of the Covid-19 epidemic, The company is confident that the expansion can meet its goals. From the operating results of the past year, the company is considered to be the least affected industry compared to other industries. And continue to make a record profit as well, “said Winai.
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