Thai Union and JWD to establish a new joint venture
The new JV will construct a new cold storage warehouse in Samut Sakhon
BANGKOK – January 5, 2022 – Thai Union Group PCL (“Thai Union”) has announced that its subsidiary Thai Union Manufacturing Co., Ltd. (“TUM”) has agreed to launch a new joint venture with JWD InfoLogistics Public Company Limited’s subsidiary Pacific Cold Storage Co., Ltd(“PCS”). The new joint venture Pacific TUM Cold Storage Co., Ltd. (“PACT”) will start the construction of a new cold storage warehouse to accommodate the increasing raw material of TUM. The new facility will be built in Samut Sakhon – the vicinity of TUM factories.
The new company PACT will be registered with a capital of THB 160 million and JWD and Thai Union Group will each hold equally 50 percent of ordinary shares.
“The investment will enhance Thai Union’s supply chain management and competitiveness”, said Thiraphong Chansiri, CEO at Thai Union Group, “The new joint venture will help secure the raw material storage for Thai Union and, at the same time, includes a business model that maximises the space capacity. PCS has a long experience in cold storage business and we look forward to embarking on this new journey together.”
PCS will manage the new storage operations after the facility completes in the fourth quarter this year.