Thai Union Group PCL (TUFUF)

Overview

Thai Union Group Public Company Limited, with its extensive range of subsidiaries, stands as a leading entity in the seafood industry, operating on a global scale. The company's comprehensive portfolio includes the manufacture and distribution of a wide array of seafood products, from frozen and chilled to canned, catering to both regional and international markets. Since its inception in 1977, Thai Union has significantly expanded its footprint, evolving from its original focus on frozen products to encompassing a diverse range of seafood offerings. The operational strategy of the company is segmented into four core areas: Ambient Seafood; Frozen and Chilled Seafood and Related Businesses; Pet Food; and Value-Added and Other Businesses. In 2015, in a strategic move to better reflect its diversified operations, the company transitioned its name from Thai Union Frozen Products Public Company Limited to Thai Union Group Public Company Limited. The company's headquarters are situated in Mueang Samut Sakhon, Thailand.

Products and Services

Thai Union Group Public Company Limited has developed a broad spectrum of products and services that cater to various market needs:

• Ambient Seafood: This includes a variety of seafood products such as tuna, sardines, mackerel, herring, and salmon that are processed and preserved for retail and wholesale distribution. These products are designed for long shelf life while maintaining quality, making them convenient options for consumers.
• Frozen and Chilled Seafood: Offering an extensive selection of seafood including shrimp, lobster, and various fishes, these products are targeted towards restaurants, hotels, and caterers. They provide premium options for those in the food service industry seeking to deliver high-quality seafood dishes.
• Ready-to-Cook / Ready-to-Serve Products: To cater to the growing demand for convenience among consumers, Thai Union offers a range of ready-to-cook and ready-to-serve seafood products. These include bakery products as well as seafood-based items, designed for ease of preparation.
• Marine Ingredients: This segment covers ingredients derived from marine sources, utilized in consumer goods like infant formula, cosmetics, dietary supplements, and clinical nutrition. These ingredients leverage the nutritional benefits of marine sources for various applications.
• Pet Food: Understanding the importance of quality nutrition for pets, Thai Union manufactures pet care products including surimi-based fish snacks, canned cod liver, and wet seafood-based foods for cats and dogs.
• Value-Added Services: Beyond its product offerings, Thai Union provides additional services such as manufacturing and distributing animal feeds, ingredient and food supplement products, and smoked salmon. It also offers packaging, export and import, training and management, e-commerce, consultancy, technical services, and property rental. Additionally, the company is engaged in shrimp farming, breeding, and hatchery, emphasizing its vertical integration across the seafood value chain.