Thai Union Group Plc, the world’s largest canned tuna producer, is targeting 5% annual growth for the next five years to reach 160 billion baht by 2025, betting on alternative proteins and food supplements, its top executive said on Tuesday.
“We are not going after scale, but emphasis will be on quality of business,” chief executive Thiraphong Chansiri told a news conference.
“Before, we looked at emerging markets like China and the Middle East, but we were not successful in those markets.”
Thai Union this month will launch its own brand of plant-based meat, OMG Meat, in Thailand and has been selling products to retailers like Tesco Plc in Britain and restaurant operators Minor…
