# Thai Union Feedmill

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


Source: https://en.bioecon.ru/companies/thai-union-feedmill/
Updated: 2026-07-29

- Country: TH

## Verifiable facts

| Fact | Value | Source |
| --- | --- | --- |
| Revenue | THB 6.035 billion in FY 2025 | https://tfm.listedcompany.com/misc/mdna/20260213-tfm-mdna-4q2025-en.pdf |
| Funding | Planned investment of up to USD 55 million in Ecuador; Avanti Feeds to invest USD 3 million in the Ecuador joint venture | https://www.seafoodsource.com/news/business-finance/avanti-feeds-invests-usd-3-million-in-thai-union-feedmill-ecuador, https://www.thaiunion.com/newsroom/business-and-finance-news/tfm-unveils-2026-vision-to-position-thailand-as-a-premium-shrimp-production-hub-targeting-thb-10-bil |
| Funding | Investment of 300 million baht to upgrade production to Industry 4.0 standards in 2025 | https://www.thaiunionfeedmill.com/en/updates/company-news/344/tfm-demonstrates-strong-growth-invests-300-million-baht-to-upgrade-aquafeed-production-to-industry-40-standards-amid-rising-demand-for-shrimp-and-fish-feed |
| Capacity | Expected 80% increase in production capacity upon completion of the Ecuador factory by 2028 | https://www.thaiunion.com/newsroom/business-and-finance-news/tfm-unveils-2026-vision-to-position-thailand-as-a-premium-shrimp-production-hub-targeting-thb-10-bil |
| Certification | First aquafeed manufacturer in Asia to receive Aquaculture Stewardship Council (ASC) Feed Standard certification | https://tfm.listedcompany.com/misc/presentation/20260219-tfm-result-presentation-4q2025.pdf, https://www.thaiunion.com/newsroom/business-and-finance-news/tfm-unveils-2026-vision-to-position-thailand-as-a-premium-shrimp-production-hub-targeting-thb-10-bil |
| Production site | Registered office in Samut Sakhon, Thailand, with 3 branches in Samut Sakhon and Songkhla | https://tfm.listedcompany.com/misc/fs/20260213-tfm-fs-4q2025-en.pdf |
| Production site | New factory under construction in Ecuador (expected completion 2028) | https://www.seafoodsource.com/news/business-finance/avanti-feeds-invests-usd-3-million-in-thai-union-feedmill-ecuador, https://www.thaiunion.com/newsroom/business-and-finance-news/tfm-unveils-2026-vision-to-position-thailand-as-a-premium-shrimp-production-hub-targeting-thb-10-bil |
| Headcount | 706 to 736 employees (as of 2024) [medium confidence] | https://markets.ft.com/data/equities/tearsheet/profile?s=TFM%3ASET, https://www.emis.com/php/company-profile/TH/Thai_Union_Feedmill_Public_Company_Limited_en_2361866.html |
| 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 | https://tfm.listedcompany.com/misc/mdna/20260213-tfm-mdna-4q2025-en.pdf |

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

## Technologies

- [Aquaculture & fish farming](https://en.bioecon.ru/technology/aquaculture-fish-farming/)