Bangkok – KCG Corporation PCL, a leading player in Thailand’s Western food industry, has announced a strategic partnership with five leading companies to expand its butter and margarine production capacity. The company will invest over 217 million baht in a major production line upgrade and expansion project, expected to be completed by 2025.
- – Brand’s Veta Unveils New Products and Presenter
- – Michelin Guide Vietnam 2024 Puts Vietnamese Cuisine on the Global Map
Mr. Damrongchai Vipawatanakul, CEO and Managing Director of KCG, revealed that the company’s Q1 2024 results showed strong growth, particularly in dairy product sales, which accounted for 60.8% of total sales. This reflects the continuously increasing consumer demand for dairy products.
To meet this demand, KCG is investing in expanding its butter production capacity from the current 18,000 tons per year to 23,000 tons per year by 2025.
Joining Forces with 5 Partners for Cutting-Edge Production Line Development
KCG has partnered with five expert companies: Mirai MEP Engineering Co., Ltd., Kerry & Brown (Thailand) Co., Ltd., Marsh Utility Co., Ltd., Kinetic Co., Ltd., and Cheng Hua (Thailand) Co., Ltd., to undertake this project.
The project is divided into five phases. The first phase will focus on upgrading the existing production area, while subsequent phases will introduce automated packaging machines and advanced production line management systems to enhance efficiency and support long-term growth.
Building a “Western Food Empire” with Innovation and Automation
Mr. Damrongchai added that KCG is committed to building a strong and sustainable “Western food empire” by investing in technology and automation to increase production efficiency and develop new products that meet the needs of modern consumers, such as healthy food alternatives.
Positive Impact on Shareholders
This investment is expected to benefit KCG shareholders in several ways:
- Increased growth potential: The expanded production capacity will enable KCG to meet growing market demand and increase sales in the future.
- Reduced costs: The adoption of technology and automation will help reduce production costs and increase net profit.
- Strengthened brand: Developing new products and introducing innovations will help enhance KCG’s brand image and strength.
#KCG #CapacityExpansion #Butter #Margarine #WesternFood #Innovation #Automation #GrowthStock #Investment #Business #Investment #FoodBeverage #Technology #Innovation
