Thai Wah Public Company Limited (TWPC), a leading innovator in agri-food business, and Fuji Nihon Corporation (FNC), a publicly listed Japanese company specializing in the manufacturing of sugar and other food additives, are pleased to announce a strategic partnership focused on the manufacturing, sales, and distribution of tapioca starch and related products. This partnership will involve the establishment of a new subsidiary company in Thailand with TWPC holding 51% and FNC holding 49%.
The proceeds from this investment will drive TWPC’s strategic vision to solidify its position as a leading agri-food company in the Asia-Pacific (APAC) region. The collaboration opens new opportunities to expand into untapped markets, strengthen distribution networks, and reinvest in high-potential growth areas. By deepening its presence in the food ingredients sector, TWPC aims to enhance its product portfolio, broaden its global reach, and deliver sustainable, long-term growth while increasing value for shareholders.
"This collaboration is a testament to our commitment to innovation and sustainability in the agri-food industry. By combining our expertise with Fuji Nihon Corporation, we are set to achieve significant advancements in tapioca processing and expand our footprint in the global market," said Mr. Ho Ren Hua, CEO at Thai Wah Public Company Limited.
“It is our great honor to have this collaboration with Thai Wah Public Company Limited, a leading innovative agri-food company in APAC, which is align with our purpose, “Make the world powerful with food science.” Our partnership will be able to create new value from sustainable bioresources with our food science technology.” said Mr. Hidetoshi Soga, President and Chief Executive Officer at Fuji Nihon Corporation.
This partnership aligns with TWPC and FNC’s shared values of creating sustainable and healthy food ingredient solutions. It will strengthen the global value chain, building resilience and reliability in meeting diverse consumer needs.
This collaboration underscores the companies’ dedication to driving growth through innovation and operational excellence.
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