TUF: EU Crisis Provides M&A Tuna Opportunities

News 14:10 31/05/2012
(Bangkok Post) The SET-listed Thai Union Frozen Products Plc (TUF) is considering mergers and acquisitions in Europe and a major production expansion in Thailand to meet its revenue target.

The world’s largest canned tuna producer has planned to increase its revenue by 18-20% each year to USD 5 billion by 2015.
President Thiraphong Chansiri said the European debt crisis has brought about good M&A opportunities in the continent and TUF has considered potential deals worth about USD 100 million. Despite the shrinking economy, TUF was able to increase its sales in Europe by 190% last year in dollar terms, with the region contributing 32% to the company’s total turnover now from 16% the year before, he explained.
“M&A is our growth strategy, especially when our debt-to-equity ratio is declining steadily, strengthening confidence among bankers and investors,” said Mr. Thiraphong. “Once the right opportunity arises, we will grab it.”
As well, TUF is considering the expansion of its production in Thailand next year under a 3-billion-baht annual capital expenditure. It has bought a land plot of 200 rai in Samut Sakhon, where its existing factory is located, to serve the expansion.
Sales in Thailand account for 10% of TUF’s total sales of USD 3.23 billion last year, with the US ranking first with a 36% share, followed by Europe. The company aims for the growth of 20% for both revenue and earnings this year.
Mr. Thiraphong yesterday said with annual growth of 18-20%, TUF revenue will hit USD 4 billion in 2013 and USD 5 billion in 2015. Its mission is to achieve the turnover of USD 8 billion by 2020. Meanwhile, the increase of minimum wages to 300 baht daily this year will affect its costs only slightly as it has focused on increasing production efficiency. Most of the company’s annual capital expenditure of 3 billion baht was spent on automating the production lines, he noted. Of the total employment of 32,000 globally, 25,000 people are in Thailand. Wages account for 10% of total costs, he added
Last year, TUF reported a record-high net profit of 5.07 billion baht, up by 77% from 2010. Earnings soared 332% year-on-year in the fourth quarter to 1.52 billion baht, beating estimates, while sales surged by 26% to 26 billion baht.
TUF shares closed yesterday on the SET at 71 baht, up 1.50 baht, in trade worth 314 million baht.

Bạn đang đọc bài viết TUF: EU Crisis Provides M&A Tuna Opportunities tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Strengthen control over fishing vessels and trace the origin of harvested seafood.

 |  09:34 21/07/2026

(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.

Tilapia Exports Surge but Begin to Slow in June

 |  14:45 20/07/2026

(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.

Sa Giang Honored with "Famous Brand - Competitive Vietnamese Brand 2026" Certification

 |  14:48 18/07/2026

(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).

China has become the largest importer of Vietnamese seafood.

 |  12:47 17/07/2026

(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.

International Seafood Hosted Buyer Program at Vietfish 2026: Connecting Global Buyers with Vietnam's Value-Added Seafood Supply Hub

 |  17:35 16/07/2026

(seafood.vasep.com.vn) As part of Vietfish 2026, the International Seafood Hosted Buyer Program has been designed as a dedicated B2B matchmaking initiative for selected international buyers. The program provides opportunities to meet directly with Vietnamese seafood companies, gain market insights, and experience Vietnam's seafood supply chain firsthand.

Sustainable seafood solutions: ESG vision & net zero commitment at Vietfish 2026

 |  08:45 16/07/2026

(seafood.vasep.com.vn) A Story from Cà Mau’s Coast It’s 5 AM in Cà Mau. Minh, a third-generation fisherman, is ready to set sail. But unlike his father and grandfather, his boat no longer runs on an old diesel engine that burns fuel and clouds the sky with smoke. Instead, it’s powered by a hybrid engine that saves 40% fuel—funded by an ESG program from a major seafood exporter.

Pangasius industry shifts from volume growth to value creation

 |  10:21 14/07/2026

(seafood.vasep.com.vn) Vietnam's pangasius industry is shifting its focus from increasing production volume to enhancing value-added products in order to meet the increasingly stringent requirements of export markets. In An Giang Province—the country's leading hub for pangasius farming and processing—businesses and farmers are prioritizing product quality, traceability, food safety, and sustainable development rather than expanding output.

Vietnamese tuna maintains momentum in Sweden, but the market Is becoming more unpredictable

 |  08:55 12/07/2026

(seafood.vasep.com.vn) Following strong growth in 2025, Vietnam’s tuna exports to Sweden continued to edge higher during the first five months of 2026. However, the picture is far from straightforward. Orders have fluctuated significantly from month to month, indicating that this market remains cautious, with purchasing decisions closely tied to actual demand and the import cycles of Nordic distributors rather than to a steady upward trend.

China’s rising shrimp imports: Expanding opportunities amid intensifying competition

 |  08:56 10/07/2026

(seafood.vasep.com.vn) China’s shrimp imports in the first five months of 2026 continued to surpass the same period in 2025, indicating that demand in the world’s largest seafood-consuming market remains strong. However, behind the growth figures lies an increasingly competitive landscape: Ecuador dominates the competitively priced whiteleg shrimp segment, India remains the second-largest supplier, while Vietnam stands out in the lobster segment but still needs to strengthen its advantages through quality, traceability, and reliable supply.

Lobster is on its way to becoming a billion-dollar commodity.

 |  08:18 08/07/2026

(seafood.vasep.com.vn) Lobster exports to China continued to surge in the first half of this year, putting the lobster industry on the verge of reaching an export value exceeding $1 billion.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC