Thaifoods Group expects 15% revenue growth in 2017

03.03.2017

Thailand’s Thaifoods Group (TFG) said it aims to increase its revenue by at least 15% this year, supported by higher chicken, pigs and feed output and lower raw material prices, said Chirdsak Kukiattinun, Chief Operations Officer of TFG. TFG will also set up its new subsidiary, Thai Silver Foods Co, which will engage in sales of chicken products. TFG will hold a 70% stake in Thai Silver Foods, which has a registered capital of USD 286,840. Meanwhile, it aims to sell 73,000 live pigs a month in 2017, up 15% from last year, he said.

The company is building new pig slaughterhouses in Khon Kaen and Chonburi province and the new facilities will expand TFG’s sales of fresh pork to modern trade and its partners. In other developments, TFG will expand its feed production capacity by 30% to 130,000 tonnes a month. Around 90% of TFG’s feed production including chicken and pig feeds is used internally.


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