Thai Union Feedmill

shrimp & fish feed (SET:TFM) — FY25 sales THB 6.0bn (+12.5%); THB 10bn 2030 target.

Country: TH

Commercial

Coverage

	CN	EU	IN	US
livestock-aqua	✓	✓	✓	✓

Regulatorsfdaefsamoa-china

Verifiable facts

Fact	Value	Source
Revenue	THB 6.035 billion in FY 2025	tfm.listedcompany.com
Funding	Planned investment of up to USD 55 million in Ecuador; Avanti Feeds to invest USD 3 million in the Ecuador joint venture	seafoodsource.com · thaiunion.com
Funding	Investment of 300 million baht to upgrade production to Industry 4.0 standards in 2025	thaiunionfeedmill.com
Capacity	Expected 80% increase in production capacity upon completion of the Ecuador factory by 2028	thaiunion.com
Certification	First aquafeed manufacturer in Asia to receive Aquaculture Stewardship Council (ASC) Feed Standard certification	tfm.listedcompany.com · thaiunion.com
Production site	Registered office in Samut Sakhon, Thailand, with 3 branches in Samut Sakhon and Songkhla	tfm.listedcompany.com
Production site	New factory under construction in Ecuador (expected completion 2028)	seafoodsource.com · thaiunion.com
Headcount	706 to 736 employees (as of 2024) medium confidence	markets.ft.com · emis.com
Regulatory approval	Board of Investment (BOI) privileges granted in August 2025 for shrimp feed production at Songkhla plant and fish feed production at Samut Sakhon plant	tfm.listedcompany.com

Independent sources: emis.com · markets.ft.com · seafoodsource.com · tfm.listedcompany.com

Technologies

Name	Cluster	Risk
Aquaculture & fish farming	livestock-aqua	Medium	→

Compiled by BIOECON from primary sources.

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