Jump to content

Thai President Foods: Difference between revisions

Edit links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
mNo edit summary
Monkbot (talk | contribs)
Bots
3,695,952 edits
m Task 20: replace {lang-??} templates with {langx|??} ‹See Tfd› (Replaced 2);
 
(34 intermediate revisions by 25 users not shown)
Line 1: Line 1:
{{short description|Bangkok-based Thai company}}
{{Infobox company
{{Infobox company
| name = Thai President Foods PCL
| name = Thai President Foods PCL
Line 8: Line 9:
| predecessor =
| predecessor =
| successor =
| successor =
| foundation = {{Start date|1972|4|18}}
| foundation = {{Start date and age|1972|4|18|df=y}}
| founder =
| founder =
| defunct =
| defunct =
| location_city = [[Bangkok]]
| location_city = [[Bangkok]]
| location_country =
| location_country = [[Thailand]]
| location =
| location =
| locations =
| locations =
| area_served =
| area_served =
| key_people = Mr Pipat Paniangvait, CEO<ref>{{cite web|title=Management Team|url=https://www.mama.co.th/en/about-organization|website=Thai President Foods PCL|accessdate=4 January 2018}}</ref>
| key_people = Mr Pipat Paniangvait, CEO<ref>{{cite web|title=Management Team|url=https://www.mama.co.th/en/about-organization|website=Thai President Foods PCL|access-date=4 January 2018|archive-date=4 January 2018|archive-url=https://web.archive.org/web/20180104133926/https://www.mama.co.th/en/about-organization|url-status=live}}</ref>
| industry =
| industry =
| products =
| products =
| services =
| services =
| revenue = 12.46 billion baht<br>or 410 million dollar (2018)
| revenue = 24.9 billion baht (2019)
| operating_income =
| operating_income =
| net_income = 2.5 billion baht<br>or 83 million dollar (2018)
| net_income = 5.14 billion baht (2019)
| aum =
| aum =
| assets =
| assets =
Line 36: Line 37:
}}
}}


'''Thai President Foods PCL''' (TF) ({{lang-th|บริษัท ไทย เพรซิเดนท์ ฟูดส์ จำกัด}}) is a [[Bangkok]]-based [[List of companies of Thailand|Thai company]] established 18 April 1972. It makes the internationally marketed [[instant noodle]] brand "MAMA" ({{lang-th|มาม่า}}).<ref name="BP-20190205" /> Thai President Foods is the largest instant noodle manufacturer in Thailand as of 2015, with a 53% share of the market.<ref name=TPBS/>
'''Thai President Foods PCL''' ('''TF''') ({{langx|th|บริษัท ไทย เพรซิเดนท์ ฟูดส์ จำกัด}}) is a [[Bangkok]]-based [[List of companies of Thailand|Thai company]] established 18 April 1972. It makes the internationally marketed [[instant noodle]] brand "MAMA" ({{langx|th|มาม่า}}).<ref name="BP-20190205" /> Thai President Foods is the largest [[instant noodle]] manufacturer in [[Thailand]] as of 2020, with a market share of over 50%.<ref name="BP-20200417">{{cite news |last1=Jitpleecheep |first1=Pitsinee |title=Mama producer bulking up |url=http://www.bangkokpost.com/business/1901815/mama-producer-bulking-up |access-date=17 April 2020 |work=Bangkok Post |date=17 April 2020 |archive-date=3 October 2021 |archive-url=https://web.archive.org/web/20211003130837/https://www.bangkokpost.com/business/1901815/mama-producer-bulking-up |url-status=live }}</ref><ref name=TPBS/>


== History ==
== History ==
Line 42: Line 43:
Since 1978, the company's shares have been traded on the [[Stock Exchange of Thailand]] (SET).<ref>[http://www.mama.co.th/Company_EN/History.asp www.mama.co.th] Company > History, retrieved 2009-09-19 {{webarchive |url=https://web.archive.org/web/20100620125724/http://www.mama.co.th/Company_EN/History.asp |date=June 20, 2010 }}</ref>
Since 1978, the company's shares have been traded on the [[Stock Exchange of Thailand]] (SET).<ref>[http://www.mama.co.th/Company_EN/History.asp www.mama.co.th] Company > History, retrieved 2009-09-19 {{webarchive |url=https://web.archive.org/web/20100620125724/http://www.mama.co.th/Company_EN/History.asp |date=June 20, 2010 }}</ref>
As of 2008, 3,824 people were employed by Thai President Foods<ref>[http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_C76441810 Wright Reports] Thai President Foods Public Company Limited - Company Profile Snapshot, retrieved 2008-09-19 {{webarchive |url=https://web.archive.org/web/20070812072819/http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_C76441810 |date=August 12, 2007 }}</ref>
As of 2008, 3,824 people were employed by Thai President Foods.<ref>[http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_C76441810 Wright Reports] Thai President Foods Public Company Limited - Company Profile Snapshot, retrieved 2008-09-19 {{webarchive |url=https://web.archive.org/web/20070812072819/http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_C76441810 |date=August 12, 2007 }}</ref>


In its ''2014 Annual Report'' TPF declared that two company 10-year targets were to grow total income to 20,000 million baht and to move to a ratio of 50:50 (domestic sales:export sales) from its present 80:20.<ref name="TPF-AR2014" />{{RP|31}} As of 2015, Thai President Foods is the largest instant noodle manufacturer in Thailand, with a 53% share of the market.<ref name=TPBS>{{cite news|title=Mama instant noodles sale drops for the first time in 42 years| url=http://englishnews.thaipbs.or.th/mama-instant-noodles-sale-drops-for-the-first-time-in-42-years|accessdate=9 June 2015|work=ThaiPBS|date=2015-06-09}}</ref>
In its ''2014 Annual Report'' TPF declared that two company 10-year targets were to grow total income to 20,000 million [[Thai baht|baht]] and to move to a ratio of 50:50 (domestic sales:export sales) from its present 80:20.<ref name="TPF-AR2014" />{{RP|31}} As of 2015, Thai President Foods is the largest [[instant noodle]] manufacturer in [[Thailand]], with a 53% share of the market.<ref name=TPBS>{{cite news|title=Mama instant noodles sale drops for the first time in 42 years| url=http://englishnews.thaipbs.or.th/mama-instant-noodles-sale-drops-for-the-first-time-in-42-years|access-date=9 June 2015|work=ThaiPBS|date=2015-06-09}}</ref>


A [[Stock Exchange of Thailand]] (SET) ruling in October 2017 approved the delisting of securities for Thai President Foods PLC (PF) and President Rice Products (PR) and allowed shares of the amalgamated firm to be traded on the SET using the ticker symbol TFMAMA. Under the new shareholding structure, TFMAMA is 25% held by SET-listed Saha Pathana Inter-Holding (SPI), the investment holding firm of Saha Group, 16% by [[Nissin Foods|Nissin Holdings]] and the rest by the Chokwatana, Tatiyakawee, Poonsakudomsin, and Paniengvait families.<ref name="BP-20180104">{{cite news|last1=Jitpleecheep|first1=Pitsinee|title=Making Mama instant everywhere|url=https://www.bangkokpost.com/business/news/1390034/making-mama-instant-everywhere|accessdate=4 January 2018|work=Bangkok Post|date=4 January 2018}}</ref>
A [[Stock Exchange of Thailand]] (SET) ruling in October 2017 approved the de-listing of [[Security (finance)|securities]] for Thai President Foods PLC (PF) and President Rice Products (PR) and allowed [[Share (finance)|shares]] of the amalgamated firm to be traded on the SET using the ticker symbol TFMAMA. Under the new shareholding structure, TFMAMA is 25% held by SET-listed Saha Pathana Inter-Holding (SPI), the investment holding firm of Saha Group, 16% by [[Nissin Foods|Nissin Holdings]] and the rest by the Chokwatana, Tatiyakawee, Poonsakudomsin, and Paniengvait families.<ref name="BP-20180104">{{cite news|last1=Jitpleecheep|first1=Pitsinee|title=Making Mama instant everywhere|url=https://www.bangkokpost.com/business/news/1390034/making-mama-instant-everywhere|access-date=4 January 2018|work=Bangkok Post|date=4 January 2018}}</ref>

The first flavor of MAMA Noodles to come out is the Tom Yum Shrimp Flavour


==Facilities==
==Facilities==
The company has factories in [[Lamphun]], [[Si Racha]], [[Rayong]], and two factories in [[Ratchaburi]] in Thailand.<ref>{{cite web|title=Factory|url=http://www.mama.co.th/en/about_profile.php|website=Thai President Foods PCL|accessdate=9 June 2015}}</ref> In addition to its Thailand factories, Thai President has factories in [[Yangon]], [[Myanmar]]; [[Bangladesh]]; [[Cambodia]]; and [[Hungary]].<ref name="TPF-AR2014" />{{RP|33}} The Hungarian factory's two production lines have a capacity of 4.5 million noodle packs per shift per month. It produces "Thai Chef" and "Asia Gold" brand noodles for the European market.<ref name="TPF-AR2014" />{{RP|33}}
The company has factories in [[Lamphun]], [[Si Racha]], [[Rayong]], and two factories in [[Ratchaburi]] in Thailand.<ref>{{cite web|title=Factory|url=http://www.mama.co.th/en/about_profile.php|website=Thai President Foods PCL|access-date=9 June 2015|archive-date=9 May 2015|archive-url=https://web.archive.org/web/20150509090425/http://www.mama.co.th/en/about_profile.php|url-status=live}}</ref> Expansion in 2020 will raise instant noodle production from its Thai factories to eight million packages per day.<ref name="BP-20200417" /> In addition to its Thailand factories, Thai President has factories in [[Yangon]], [[Myanmar]]; [[Bangladesh]]; [[Cambodia]]; and [[Hungary]].<ref name="TPF-AR2014" />{{RP|33}} The Hungarian factory's two production lines have a capacity of 4.5 million noodle packs per shift per month. It produces "Thai Chef" and "Asia Gold" brand noodles for the European market.<ref name="TPF-AR2014" />{{RP|33}}


The company is building a second Myanmar factory in [[Mandalay]], which will increase its Myanmar production to 400,000 packages per day. The company sees potential for growth in Myanmar as the per capita consumption of packaged noodles is only 11.1 packages per year compared with 49 packages per person in Thailand. Mama's Myanmar sales in 2018 were 657 million baht, projected to double by 2020.<ref name="BP-20190205" />
The company is building a second Myanmar factory in [[Mandalay]]<ref>{{Cite web |date=2018-01-03 |title=Thai President deepens overseas push for noodle sales growth |url=https://www.nationthailand.com/business/30335312 |access-date=2020-09-09 |website=Nation Thailand |language=en-US}}</ref> which will increase its Myanmar production to 400,000 packages per day.<ref>{{Cite news | publisher=Bangkok Post Public Company | title=Making Mama instant everywhere | url=https://www.bangkokpost.com/business/1390034/making-mama-instant-everywhere | access-date=2020-09-09 | newspaper=Bangkok Post | archive-date=2021-01-21 | archive-url=https://web.archive.org/web/20210121152028/https://www.bangkokpost.com/business/1390034/making-mama-instant-everywhere | url-status=live }}</ref> The company sees potential for growth in Myanmar as the per capita consumption of packaged noodles is only 11.1 packages per year compared with 49 packages per person in [[Thailand]]. Mama's Myanmar sales in 2018 were 657 million baht, projected to double by 2020.<ref name="BP-20190205" />


The firm is building a new factory in Cambodia to replace its existing factory. It expects to produce 80,000 cases of noodles per month there, worth 565 million baht per year in revenue by 2020.<ref name="BP-20190205" />
The firm is building a new factory in [[Cambodia]] to replace its existing factory. It expects to produce 80,000 cases of noodles per month there, worth 565 million baht per year in revenue by 2020.<ref name="BP-20190205" />


==Financials==
==Financials==
Total Thai sales of instant noodles of all brands in 2015 was estimated at 15.8 billion [[Thai baht|baht]] compared to 2014's 15.4 billion baht.<ref name=TPBS />
Thai President's consolidated revenue in 2019 was 24.7 billion baht, up from 22.9 billion baht in 2018. Net profit in 2019 rose to 5.14 billion baht.<ref name="BP-20200417" /><ref name="BP-20190205">{{cite news |last1=Jitpleecheep |first1=Pitsinee |title=Mama bolsters noodle production capacity |url=https://www.bangkokpost.com/business/news/1623094/mama-bolsters-noodle-production-capacity |access-date=2019-02-05 |work=Bangkok Post |date=2019-02-04}}</ref> Total Thai sales of [[instant noodle]]s of all brands in 2015 was estimated at 15.8 billion [[Thai baht|baht]] compared to 2014's 15.4 billion baht.<ref name=TPBS />


In 2014, when the political crisis slowed Thailand's economic growth to 0.9% and eventually led to a military coup, the growth of MAMA noodle sales hit a low of 1%. In 2015, when the military government could not propel the country beyond an estimated 2.8% growth, sales of MAMA noodles only grew 0.4%—a 44 year record low.<ref name="ST-20160202">{{cite news|last1=Yee|first1=Tan Hui|title=Thailand's queen of instant noodles takes a hit due to slowing economy|url=http://www.straitstimes.com/asia/se-asia/thailands-queen-of-instant-noodles-takes-a-hit-due-to-slowing-economy|accessdate=2 February 2016|work=Straits Times|date=2016-02-02}}</ref> In spite of lacklustre growth in 2014, profits were 1.7 billion baht.<ref>{{cite web|title=Message from the Board of Directors|url=http://www.mama.co.th/en/about_msg.php|website=Thai President PCL|accessdate=9 June 2015}}</ref> Revenue in 2014 was 12 billion baht.<ref name=TPF-AR2014>{{cite book|title=Annual Report 2014|date=2015|url=http://www.mama.co.th/pdf/annual/AnnualTF2014.pdf|publisher=Thai President Foods|accessdate=9 Jun 2015}}</ref>{{RP|3}} The sales contraction in 2015 reflects the economic slowdown which has affected lower-income earners, the main consumers of instant noodles. Mr Wathit Chokewattana, vice president of the company, said that the growth rate of instant noodles has averaged 5–6% per year historically. In 2019 MAMA, traditionally the market leader,<ref name="TPF-AR2014" /> remained on top of the Thai instant noodle market{{RP|29}}, followed by [[Wai Wai]] at 23–24% and and [[Ajinomoto]]'s Yum Yum at 20–21%.<ref name="BP-20191219">{{cite news |last1=Jitpleecheep |first1=Pitsinee |title=Thai Preserved Food sees noodles expand |url=https://www.bangkokpost.com/business/1819249/thai-preserved-food-sees-noodles-expand |accessdate=21 December 2019 |work=Bangkok Post |date=19 December 2019}}</ref>
In 2014, when the political crisis slowed Thailand's economic growth to 0.9% and eventually led to a military coup, the growth of MAMA noodle sales hit a low of one percent. In 2015, when the military government could not propel the country beyond an estimated 2.8% growth, sales of MAMA noodles only grew 0.4%—a 44 year record low.<ref name="ST-20160202">{{cite news|last1=Yee|first1=Tan Hui|title=Thailand's queen of instant noodles takes a hit due to slowing economy|url=http://www.straitstimes.com/asia/se-asia/thailands-queen-of-instant-noodles-takes-a-hit-due-to-slowing-economy|access-date=2 February 2016|work=Straits Times|date=2016-02-02|archive-date=2016-02-03|archive-url=https://web.archive.org/web/20160203093427/http://www.straitstimes.com/asia/se-asia/thailands-queen-of-instant-noodles-takes-a-hit-due-to-slowing-economy|url-status=live}}</ref> In spite of lacklustre growth in 2014, profits were 1.7 billion baht.<ref>{{cite web|title=Message from the Board of Directors|url=http://www.mama.co.th/en/about_msg.php|website=Thai President PCL|access-date=9 June 2015}}{{dead link|date=August 2024}}</ref> Revenue in 2014 was 12 billion baht.<ref name=TPF-AR2014>{{cite book|title=Annual Report 2014|date=2015|url=http://www.mama.co.th/pdf/annual/AnnualTF2014.pdf|publisher=Thai President Foods|access-date=9 Jun 2015|archive-date=5 July 2015|archive-url=https://web.archive.org/web/20150705162933/http://www.mama.co.th/pdf/annual/AnnualTF2014.pdf|url-status=live}}</ref>{{RP|3}} The sales contraction in 2015 reflects the economic slowdown which has affected lower-income earners, the main consumers of instant noodles. Mr. Wathit Chokewattana, vice president of the company, said that the growth rate of instant noodles has averaged 5–6% per year historically. In 2019 MAMA, traditionally the market leader,<ref name="TPF-AR2014" /> remained on top of the Thai instant noodle market{{RP|29}}, followed by [[Wai Wai (food brand)|Wai Wai]] at 23–24% and [[Ajinomoto]]'s Yum Yum at 20–21%.<ref name="BP-20191219">{{cite news |last1=Jitpleecheep |first1=Pitsinee |title=Thai Preserved Food sees noodles expand |url=https://www.bangkokpost.com/business/1819249/thai-preserved-food-sees-noodles-expand |access-date=21 December 2019 |work=Bangkok Post |date=19 December 2019 |archive-date=8 March 2021 |archive-url=https://web.archive.org/web/20210308184427/https://www.bangkokpost.com/business/1819249/thai-preserved-food-sees-noodles-expand |url-status=live }}</ref>

Thai President's revenue in 2018 was 12.46 billion baht, up 5.5% over 2017. Net profit rose 9.4% to 2.5 billion baht.<ref name="BP-20190205">{{cite news |last1=Jitpleecheep |first1=Pitsinee |title=Mama bolsters noodle production capacity |url=https://www.bangkokpost.com/business/news/1623094/mama-bolsters-noodle-production-capacity |accessdate=2019-02-05 |work=Bangkok Post |date=2019-02-04}}</ref>


==Products==
==Products==
Thai President's product range<ref name="TPF-AR2014" />{{RP|36}} is:
Thai President's product range<ref name="TPF-AR2014" />{{RP|36}} is:


*Food
*[[File:Creamy MAMA Tom Yum Shrimp Flavor Instant Noodles.jpg|thumb|Can of Creamy MAMA Tom Yum Shrimp Flavor Instant Noodles]]Food
**Instant soups, including "oriental style instant noodles". Flavours include pork, Thai [[Tom yum]] shrimp, chicken, vegetarian, Vietnamese [[Pho|Phở]] (beef), Thai [[Pad kee mao]], [[Thai curry]] and others. Packed in both individual packs and [[disposable cup]]s.
**Instant soups, including "oriental style instant noodles". Flavours include pork, Thai [[Tom yum]] shrimp, chicken, vegetarian, Vietnamese [[Pho|Phở]] (beef), Thai [[Pad kee mao]], [[Thai curry]] and others. Packed in both individual packs and [[disposable cup]]s.
**Parboiled rice
**Parboiled rice
Line 77: Line 78:


===Instant noodles===
===Instant noodles===
[[File:MAMA Tom Yum Shrimp Flavor Instant Noodles.png|thumb|MAMA Tom Yum Shrimp Flavor Instant Noodles]]

The food company's main products are flavoured instant noodles mainly sold under the MAMA brand<ref name="ST-20160202"/> and other brands such as "Mamy", "Pama", "Papa", "Sai Keo" and "Honghow" which are distributed worldwide. In 2014, the company had an estimated daily capacity of six million packages.<ref name="TPF-AR2014" />{{RP|35}}
The food company's main products are flavoured instant noodles mainly sold under the MAMA brand<ref name="ST-20160202"/> and other brands such as "Mamy", "Pama", "Papa", "Sai Keo" and "Honghow" which are distributed worldwide. In 2014, the company had an estimated daily capacity of six million packages.<ref name="TPF-AR2014" />{{RP|35}}


Line 92: Line 91:
{{commons category}}
{{commons category}}
*[http://www.mama.co.th/en/index_main.php Official site (English)]
*[http://www.mama.co.th/en/index_main.php Official site (English)]
*[http://finance.google.com/finance?q=BKK:TF finance.google.com] — Information about Thai President Foods by [[Google Finance]]
*[https://archive.today/20131001105810/http://finance.google.com/finance?q=BKK:TF finance.google.com] — Information about Thai President Foods by [[Google Finance]]
<!-- http://www.computerwire.com/companies/company/?pid=DBA7EDCC-F6C4-4E4E-AE52-2343CD0E8FCF -->
<!-- http://www.computerwire.com/companies/company/?pid=DBA7EDCC-F6C4-4E4E-AE52-2343CD0E8FCF -->
*[http://instantnoodles.org/index.html World Instant Noodles Association (WINA)]
*[http://instantnoodles.org/index.html World Instant Noodles Association (WINA)]
Line 98: Line 97:
{{noodles}}
{{noodles}}


⚫
[[Category:1972 establishments in Thailand]]
[[Category:Brand name soups]]
⚫
[[Category:Companies listed on the Stock Exchange of Thailand]]
[[Category:Food and drink companies established in 1972]]
[[Category:Food and drink companies of Thailand]]
[[Category:Food and drink companies of Thailand]]
[[Category:Brand name soups]]
[[Category:Instant noodle brands]]
[[Category:Manufacturing companies based in Bangkok]]
[[Category:Manufacturing companies based in Bangkok]]
[[Category:Food and drink companies established in 1972]]
[[Category:Thai companies established in 1972]]
⚫
[[Category:Companies listed on the Stock Exchange of Thailand]]
⚫
[[Category:1972 establishments in Thailand]]

Latest revision as of 07:42, 24 October 2024

Thai President Foods PCL
Company typePublic
SET: TFMAMA
Founded18 April 1972; 52 years ago (1972-04-18)
Headquarters
Bangkok
,
Thailand
Key people
Mr Pipat Paniangvait, CEO[1]
Revenue24.9 billion baht (2019)
5.14 billion baht (2019)
Websitewww.mama.co.th

Thai President Foods PCL (TF) (Thai: บริษัท ไทย เพรซิเดนท์ ฟูดส์ จำกัด) is a Bangkok-based Thai company established 18 April 1972. It makes the internationally marketed instant noodle brand "MAMA" (Thai: มาม่า).[2] Thai President Foods is the largest instant noodle manufacturer in Thailand as of 2020, with a market share of over 50%.[3][4]

History

[edit]
MAMA packages on display for sale.

Since 1978, the company's shares have been traded on the Stock Exchange of Thailand (SET).[5]

As of 2008, 3,824 people were employed by Thai President Foods.[6]

In its 2014 Annual Report TPF declared that two company 10-year targets were to grow total income to 20,000 million baht and to move to a ratio of 50:50 (domestic sales:export sales) from its present 80:20.[7]: 31  As of 2015, Thai President Foods is the largest instant noodle manufacturer in Thailand, with a 53% share of the market.[4]

A Stock Exchange of Thailand (SET) ruling in October 2017 approved the de-listing of securities for Thai President Foods PLC (PF) and President Rice Products (PR) and allowed shares of the amalgamated firm to be traded on the SET using the ticker symbol TFMAMA. Under the new shareholding structure, TFMAMA is 25% held by SET-listed Saha Pathana Inter-Holding (SPI), the investment holding firm of Saha Group, 16% by Nissin Holdings and the rest by the Chokwatana, Tatiyakawee, Poonsakudomsin, and Paniengvait families.[8]

The first flavor of MAMA Noodles to come out is the Tom Yum Shrimp Flavour

Facilities

[edit]

The company has factories in Lamphun, Si Racha, Rayong, and two factories in Ratchaburi in Thailand.[9] Expansion in 2020 will raise instant noodle production from its Thai factories to eight million packages per day.[3] In addition to its Thailand factories, Thai President has factories in Yangon, Myanmar; Bangladesh; Cambodia; and Hungary.[7]: 33  The Hungarian factory's two production lines have a capacity of 4.5 million noodle packs per shift per month. It produces "Thai Chef" and "Asia Gold" brand noodles for the European market.[7]: 33 

The company is building a second Myanmar factory in Mandalay[10] which will increase its Myanmar production to 400,000 packages per day.[11] The company sees potential for growth in Myanmar as the per capita consumption of packaged noodles is only 11.1 packages per year compared with 49 packages per person in Thailand. Mama's Myanmar sales in 2018 were 657 million baht, projected to double by 2020.[2]

The firm is building a new factory in Cambodia to replace its existing factory. It expects to produce 80,000 cases of noodles per month there, worth 565 million baht per year in revenue by 2020.[2]

Financials

[edit]

Thai President's consolidated revenue in 2019 was 24.7 billion baht, up from 22.9 billion baht in 2018. Net profit in 2019 rose to 5.14 billion baht.[3][2] Total Thai sales of instant noodles of all brands in 2015 was estimated at 15.8 billion baht compared to 2014's 15.4 billion baht.[4]

In 2014, when the political crisis slowed Thailand's economic growth to 0.9% and eventually led to a military coup, the growth of MAMA noodle sales hit a low of one percent. In 2015, when the military government could not propel the country beyond an estimated 2.8% growth, sales of MAMA noodles only grew 0.4%—a 44 year record low.[12] In spite of lacklustre growth in 2014, profits were 1.7 billion baht.[13] Revenue in 2014 was 12 billion baht.[7]: 3  The sales contraction in 2015 reflects the economic slowdown which has affected lower-income earners, the main consumers of instant noodles. Mr. Wathit Chokewattana, vice president of the company, said that the growth rate of instant noodles has averaged 5–6% per year historically. In 2019 MAMA, traditionally the market leader,[7] remained on top of the Thai instant noodle market: 29 , followed by Wai Wai at 23–24% and Ajinomoto's Yum Yum at 20–21%.[14]

Products

[edit]

Thai President's product range[7]: 36  is:

  • Food
  • Soft drinks
    • Fruit juice
    • herbal juices
    • Dairy products

Instant noodles

[edit]

The food company's main products are flavoured instant noodles mainly sold under the MAMA brand[12] and other brands such as "Mamy", "Pama", "Papa", "Sai Keo" and "Honghow" which are distributed worldwide. In 2014, the company had an estimated daily capacity of six million packages.[7]: 35 

See also

[edit]

References

[edit]
  1. ^ "Management Team". Thai President Foods PCL. Archived from the original on 4 January 2018. Retrieved 4 January 2018.
  2. ^ a b c d Jitpleecheep, Pitsinee (2019-02-04). "Mama bolsters noodle production capacity". Bangkok Post. Retrieved 2019-02-05.
  3. ^ a b c Jitpleecheep, Pitsinee (17 April 2020). "Mama producer bulking up". Bangkok Post. Archived from the original on 3 October 2021. Retrieved 17 April 2020.
  4. ^ a b c "Mama instant noodles sale drops for the first time in 42 years". ThaiPBS. 2015-06-09. Retrieved 9 June 2015.
  5. ^ www.mama.co.th Company > History, retrieved 2009-09-19 Archived June 20, 2010, at the Wayback Machine
  6. ^ Wright Reports Thai President Foods Public Company Limited - Company Profile Snapshot, retrieved 2008-09-19 Archived August 12, 2007, at the Wayback Machine
  7. ^ a b c d e f g Annual Report 2014 (PDF). Thai President Foods. 2015. Archived (PDF) from the original on 5 July 2015. Retrieved 9 Jun 2015.
  8. ^ Jitpleecheep, Pitsinee (4 January 2018). "Making Mama instant everywhere". Bangkok Post. Retrieved 4 January 2018.
  9. ^ "Factory". Thai President Foods PCL. Archived from the original on 9 May 2015. Retrieved 9 June 2015.
  10. ^ "Thai President deepens overseas push for noodle sales growth". Nation Thailand. 2018-01-03. Retrieved 2020-09-09.
  11. ^ "Making Mama instant everywhere". Bangkok Post. Bangkok Post Public Company. Archived from the original on 2021-01-21. Retrieved 2020-09-09.
  12. ^ a b Yee, Tan Hui (2016-02-02). "Thailand's queen of instant noodles takes a hit due to slowing economy". Straits Times. Archived from the original on 2016-02-03. Retrieved 2 February 2016.
  13. ^ "Message from the Board of Directors". Thai President PCL. Retrieved 9 June 2015.[dead link‍]
  14. ^ Jitpleecheep, Pitsinee (19 December 2019). "Thai Preserved Food sees noodles expand". Bangkok Post. Archived from the original on 8 March 2021. Retrieved 21 December 2019.
[edit]
Wikimedia Commons has media related to Thai President Foods.
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Thai_President_Foods&oldid=1253081384"