Thai Union sets goal for 5% revenue increase in 2022
Pet care sales mark new opportunity
Mr Thiraphong says Thai Union is preparing an investment budget of 6 billion baht.
SET-listed Thai Union Group, a global seafood company, wants to grow its revenues by at least 5% this year while maintaining an average gross margin of 20% through 2025.
Thiraphong Chansiri, chief executive of Thai Union, said this year’s growth will be driven largely by canned, frozen and chilled seafood, pet food and pet care and value-added products, which are the company’s core businesses.
An important growth area for the group is pet care, with sales improving by 17.9% last year as people adopted more animals during the pandemic and spent more time at home with their pets.
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