GFPT expands broiler production in Thailand
Thailand’s GFPT plans to increase its broiler production capacity over the next three to five years and has expanded its feed capacity. GFPT has set its annual investment budget at USD 23-28.7 million for upstream expansion of chicken farm areas. “We are also expanding our slaughterhouse to support higher production,” Anan Sirimongkolkasem, Chairman of the Executive Committee at GFPT said.
The company will store raw materials in accordance with the capacity expansion, Dr Anan said, adding GFPT’s broiler production costs this year are expected to be the same as last year. Meanwhile, the Thai chicken industry is highly competitive. Many companies have increased their production capacity raising competition further, he added.