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Thai noodles brand Mama eyes partnership in Africa
Publication Date : 30-06-2012
Thai President Foods, manufacturer of Mama noodles, has signed a memorandum of understanding with a potential partner to set up noodle plant in Africa.
President Suchai Ratanajiajaroen said the company was conducting a feasibility study of the African market and its potential for the instant-noodle business. The study will be completed in the next one or two months.
The company also sees the Philippines as another potential market for its future investment in sales and manufacturing.
Thai President Foods currently operates instant-noodle plants in Myanmar, Cambodia and Bangladesh.
Suchai said the company would next year set up a new plant worth 200 million baht (US$6.30 million) in Myanmar, which will increase production capacity, together with the current plant, by 50 per cent. The existing plant operates as a joint venture noodle and has production capacity of about 450 packs per minute. Thai President Foods has a 70-per-cent stake in the joint venture.
"Our joint-venture noodle plant, worth 160 million baht, in Bangladesh will also start operations in the next two or three months with production capacity of 150 packs per minute. We have a 65-per-cent stake in the plant," Suchai said.
The company also owns 60 per cent of a joint-venture plant in Cambodia, which has production capacity of about 600 packs per minute.
"We expect to increase the contribution to our business from those international markets from 7-8 per cent currently to more than 10 per cent by 2015 when the Asean Economic Community is fully effective," Suchai said.
Thai President Foods posted more than 9 billion baht in sales last year.