Mama continues to invest in Europe and ASEAN After the demand has increased until it can’t be delivered from Thailand in time • Thumbsup

Mama moves forward with the investment line, establishing factories in Europe – ASEAN Invest billions of baht to expand the factory in Hungary. Receive demand from the European market After the demand for Germany-Finland soared that it could not be delivered from Thailand in time and plans to build two factories in Cambodia as well

Mr. Pan Paniangvait, Managing Director of Thai President Foods Public Company Limited, the manufacturer of Mama instant noodles, said that it is preparing to invest a total value of more than 1,000 million baht to expand its factory in Hungary. to support the European market As demand from Germany and Finland, which account for more than 50% of Europe’s main markets, rose. until the delivery of goods from Thailand does not meet the requirements

It has already invested about 300 million baht and is expected to invest about 700 million baht more. The new production line is expected to start in 2025, increasing the production capacity by 2 times and supporting the demand in the market. Europe got 50-60% from the previous support of only 20%.

At the same time, there is a plan to invest in building a second factory in Cambodia. which is also one of Mama’s big export markets After previously investing 200 million baht to build a factory in Mandalay, Myanmar. which is in the process of trial operation Expected to start production in July this year.

It is also in the process of studying the possibility of starting to do business in Vietnam again. After withdrawing more than 20 years ago, it may start by finding a distribution partner to gain purchasing power in Vietnam.

The executives of Thai President Foods explained that the decision to continue investing in strengthening this foreign market Because the international market is an important part that helps balance the income portfolio and profit of the company. This helps to get through various crises, for example, in the first 6 months of 2022 with a profit of 1,100 million baht, 50% comes from exports, while sales in Thailand generate a profit of only 50 million baht.

source Prachachat Business