Thai Union Group, or TU, has revised its revenue growth forecast upward from 3-5% to 4-6%. Chief Executive Officer Thiraphong Chansiri said that if the company can sustain growth at that level amid current global economic conditions, it would consider that a satisfactory pace. The company continues to push ahead with overseas investment, seeing continued growth potential in the US, Chinese and Indian markets, and will weigh investments in line with the opportunities each country offers. On investment plans, the company expects its overall capital expenditure to remain at roughly the same level, with no plans for a significant increase, though it is ready to consider additional investment as appropriate if new business opportunities arise. Its priority remains the pet food business, one of its main units with growth potential. At the same time, it has plans to invest in the shrimp feed business in Ecuador, which is currently underway. As for i-Tail Corporation, or ITC, which operates the pet food business, it will need a clear investment plan for the next three to four years, with new investments expected to gradually emerge in the future.
Thai Union Group PCLThai Union raised its revenue growth target to 4-6% and presses ahead with overseas investments in the US, China, India and shrimp feed in Ecuador.
i-Tail Corp. PCLi-Tail's pet food unit is a priority with a clear investment plan for the next 3-4 years and new investments expected.
