Riding the Wave of Innovation: TFM's ฿10 Billion Surfboard

Thai Union Feedmill (TFM), recognized for its aquaculture feed production, has declared its objective to achieve Thai Baht (฿) 10 billion in revenue by 2030 as part of its overall growth strategy and momentum stemming from 20 years of industry experience. TFM aims to assist itself by expanding its p...

Thai Union Feedmill (TFM), recognized for its aquaculture feed production, has declared its objective to achieve Thai Baht (฿) 10 billion in revenue by 2030 as part of its overall growth strategy and momentum stemming from 20 years of industry experience. TFM aims to assist itself by expanding its portfolio of products as well as operating in sustainable ways, including investments in new markets. TFM is also establishing itself as a recognized leader in sustainable and innovative aquaculture solutions after receiving the Aquaculture Stewardship Council (ASC) Feed Standard certificate, becoming the first feedmill in all of Asia to do so. This long-term development strategy includes new formulations of feeds, distributions in key market areas including Indonesia, India, and surrounding Southeast Asian countries, and investments in research and development to stay ahead of the curve in the industry. TFM's parent company, Thai Union Group, has reported strong performance lately, including the company's net profit rising 53.9% in Q1 2024. The company expects that momentum will better support TFM's ambitious revenue target and that the aquaculture industry will continue to grow worldwide. Source:Bangkok Business News