Daily shrimp price

Last Updated: 05 February 2023

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Company Milestone

Thai Union Company Limited was founded in 2000, gaining experience and creating a sustainable growth strategy that is steadfastly moving forward. We have a vision to be the best quality aquaculture feed producer for sustainable business operations.
  1. 2022
  2. 2021
  3. 2020
  4. 2019
  5. 2018
  6. 2012
  7. 2010
  8. 2007
  9. 2006
  10. 2003
  11. 2001
  12. 2000
  1. 2022

    PT Thai Union Kharisma Lestari started its operation and commercial on 1 January 2022

    In 2022, the Company’s plan to invest in two (2) shrimp feed production line at Mahachai factory to apply with BOI license with CAPEX, totally THB 180 million. These production lines have completed and operated in December 2022.

    August

    On 25 August 2022, the Executive Committee has resolved and approved the payment of the additional registered shares of AMG-Thaiunion Feedmill Private Limited in the shareholding proportion in the amount of USD 408,000 (or approximately THB 13.8 million) to support the expansion of the shrimp feed production. AMG-TFM will become the first shrimp feed manufacturer in Pakistan.

    October

    In October 2022, the Company and the shareholders of PT Thai Union Kharisma Lestari have passed a resolution to increase the authorized share capital to repay a long-term loan. The Company has increased in the shareholding proportion in the amount of USD 4.94 million (or approximately THB 178.01 million)8 because the interest rate is in an uptrend and in order to reduce the Company’s financial costs.

    8 Actual foreign exchange rate (source: The Company’s financial statements)

  2. 2021

    Expansion of Producing Capacity in Fish Feeds. Increase in Registered Capital. Conducted Initial Public Offering (IPO) and Became a Listed Company in the Stock Exchange of Thailand (SET)

    During 2020 – the second quarter of 2021, the Company had increased one production capacity for fish feed and withdrawn shrimp feeds production line that had been in use for a long time. This resulted in the Company's production capacity as of 30 June 2021 reaching 273,000 tons a year. Of this, the shrimp feeds production capacity was 153,000 tons per year, fish feeds production 90,000 tons per year, and land animal feeds production 30,000 tons per year.

    January

    • In January 2021, the Company entered into a Shareholder Agreement with the AMG to determine rights, authorities, and duties of each party of shareholders. The Company and AMG Group would hold shares in AMG-TFM at the proportions of 51.0 percent, and 49.0 percent respectively. It was expected to have the initial investment value of approximately PKR 340.0 million (or around THB 68.9 million)1

    April

    The 2021 Annual General Meeting of Shareholders (AGM) on 1 April 2021 decided on the following:

    • Reduced the registered capital by reducing 90.0 million shares. This resulted in the decrease of the Company's registered capital from 500.0 million shares to 410.0 million shares, with the par value of THB 2.0 per share.
    • Increased the registered capital totaling 90.0 million shares. This resulted in the Company's registered capital increasing from 410.0 million shares to 500.0 million shares, with the determined value of THB 2.0 per share. This was to accommodate the listing of the Company in the Stock Exchange of Thailand.
    • Allocated Right Offering of not exceed 90.0 million shares at the par value of THB 2.0 per share for (1) directors, executives, and employees of TU of not exceed 2.5 million shares (2) directors, executives, and employees of the Company of not exceed 2.5 million shares and (3) the public offering at least 85.0 million shares. The share of the Company was to be listed in the Stock Exchange of Thailand.

    June

    In June 2021, the Company and the AMG Group paid for the shares in AMG-TFM according to their respective proportions of shareholding totaling PKR 170.0 million. This resulted in the AMG-TFM had paid-up capital of PKR 170.0 million as of 30 June 2021 (or approximately THB 34.3 million) (the Company's investment was PKR 86.7 million or around THB 17.5 million)2. AMG-TFM had started its commercial operations in the second quarter of 2021.

    August

    In August 2021, the Company and AMG Group increased capital in AMG-TFM in accordance with their respective proportions of shareholding. The total amount of capital increased was PKR 130.0 million (or around THB 26.4 million) (among this was the investment of the Company of PKR 66.3 million or approximately THB 13.4 million). As of 31 August 2021, AMG-TFM had paid-up capital totaling PKR 300.0 million (or approximately THB 60.7 million).

    October

    On 26 October 2021, the Company registered for the increased paid-up capital from THB 820.0 million with 410.0 million shares to THB 1,000.0 million with 500.0 million shares, at the par value of THB 2.0 per share. This was due to the offering of shares to the public. On 29 October 2021, TFM share was listed in the Stock Exchange of Thailand for the first time.

    1 The Company's investment was around THB 35.1 million (based on the foreign exchange rate published on the Bank of Thailand website on 30 June 2021. PKR 1 equaled THB 0.2025).

    2 Actual foreign exchange rate (source: the Company's financial statements).

  3. 2020

    Additional Investment in TUKL and Resolved to Invest in Establishing a New Subsidiary in Pakistan with the Name AMG-TFM

    February

    In February 2020, the Company and 2 partners paid for additional shares in TUKL according to their shareholding proportions totaling IDR 33,320 million (or approximately THB 77 million based on the exchange rate on 27 February 2020 of IDR 433.2 for THB 1).

    September

    In September 2020, the Company and 2 partners paid for additional shares in TUKL according to their shareholding proportions totaling IDR 33,320 million (or approximately THB 72 million based on the exchange rate on 30 September 2020 of IDR 460.8 for THB 1). This resulted in TUKL having paid-up capital of IDR 199,920 million (or approximately THB 458 million) as of 30 September 2020. The Company’s investment value was equal to IDR 129.948 million (or approximately THB 301 million).

    November

    In November 2020, the Board of Directors’ Meeting No. 4/2020 on 3 November 2020 approved the investment in establishing a subsidiary in Pakistan, AMG-TFM to conduct the business of producing and distributing aquaculture feeds in Pakistan.

  4. 2019

    The business has been expanded to livestock feed and the Company is converted from a limited company to a public company. Including increasing paid-up capital in TUKL for additional investment and the sale of the land under the group of non-operating assets.

    In the beginning of the year 2019, the Company has expanded the business to the production and distribution of livestock feed, which are poultry and swine feed, in order to increase the business opportunity of the Company. At the same time, it also helps to increase the utilization rate of the Company's machinery as well.

    May

    The Extraordinary General Meeting of Shareholders No. 2/2019 of the Company on 24 May 2019 passed the following resolutions:

    • Approval to convert the Company to a public limited company and changed the name to Thai Union Feedmill Public Company Limited (The Company registered the conversion from a limited company to a public limited company and changed the name on 4 June 2019).
    • Change the par value of the ordinary shares of the Company from 10.0 Baht per share to 2.0 Baht per share, resulting in the number of ordinary shares of the Company increased from 82.0 million shares to 410.0 million shares.
    • Increase the registered capital by issuing 90.0 million additional ordinary shares, resulting in the Company's registered capital increasing from 410.0 million shares to 500.0 million shares with a par value of 2.0 Baht per share to support the listing on the Stock Exchange of Thailand.
    • Allocate  not more than 90.0 million new ordinary shares with a par value of 2.0 Baht per to be offered to (1) directors, executives and employees of TU, not exceeding 2.5 million shares (2) directors, executives, and employees of the Company, not exceeding 2.5 million shares and (3) the public, not less than 85.0 million shares and list the ordinary shares of the Company on the stock market.

    April

    In April 2019, the Company, PT MSK and AVANTI Group made a second payment for shares in TUKL totaling 93,256 million IDR (or approximately 217 million Baht. The exchange rate on 25 April 2019 is 430.3 IDR equals to 1 Baht) The value of the investment of the Company is 60,642 million IDR (or approximately 141 million Baht. The exchange rate on 25 April 2019 is 430.3 IDR equals to 1 Baht)

    May

    In May 2019, the Company sold a land which is a non-core operating asset in Phang Nga province, 96.5 rai, to TU with a purchase price of 440.0 million Baht (the land has a book value equal to 152.2 million Baht as of 31 March 2019) for the Company’s restructure and to reduce the chance of conflicts of interest that may arise from the lease of land to other companies in the TU group.

  5. 2018

    The Company has restructured its shareholding and increased paid-up capital as well as restricted the company group.

    April

    In April 2018, TU acquired 6.0 million shares of the Company, or 12.1% of the paid-up capital of the Company, at a price of 78.4 Baht from a small group of shareholders. As a result, the shareholding percentage of TU in the company increased from 51.0 % to 63.1 % of the company's paid-up capital.

    April

    At the 2018 Annual General Meeting of Shareholders on 4 April 2018, the Company passed a resolution to increase the registered capital of the Company for 320.0 million Baht by allocating 32.0 million ordinary shares with a par value of 10.0 Baht per share to be offered to the existing shareholders of the Company according to the proportion of shareholding (Right Offering) ("RO") at the offering price of 10.0 Baht per share. As a result, after RO, the company has a paid-up registered capital of 820.0 million Baht, consisting of 82.0 million ordinary shares with a par value of 10.0 Baht per share. This is because some shareholders have not exercised their rights to subscribe for additional shares. TU, therefore, has reserved the additional shares in proportion to its shareholding and the remaining proportion from allotment so that the Company could be able to have the increased capital as wishes. As a result, the shareholding proportion of TU increased from 63.1% to 66.9% of the Company's paid-up registered capital.

    May

    In May 2018, the Company entered into a Shareholder Agreement to jointly invest in establishing a subsidiary of the Company in Indonesia, TUKL, with 2 business partners, PT, MSK and AVANTI Group (consisting of AVANTI and Srinivasa), to agree on the rights, powers and duties of each shareholder of the company. The Company, PT MSK and AVANTI Group have a 65.0%, 25.0% and 10.0% of the paid-up registered capital of TUKL respectively.

    August

    In August 2018, the Company entered into an agreement to sell the investment in TMAC to TU at the price of 31.6 million Baht.

    August

    In August 2018, the company, PT MSK and AVANTI Group made the first payment for the shares in TUKL totaling 39,984 million IDR (or approximately 92 million Baht. The exchange rate on 23 August 2018 was 434.8 IDR equals 1 Baht)

  6. 2012

    TMAC Company Limited (TMAC), a joint venture company, is established.

    The Company has jointly invested with Mitsubishi, a trading firm, to establish TMAC to be a holding company in business of operate breeding and shrimp farming, in which the Company and Mitsubishi hold shares in TMAC in the proportion of 51.0% and 49.0% of the paid-up capital respectively. Although TMAC is not operating the same business with the Company but due to TMAC's upstream business is the same as the Company’s during the said period, TU therefore, considered to approve the Company to invest in TMAC

  7. 2010

    Increased the paid-up capital.

    The Company increased the paid-up registered capital from 300.0 million Baht, with 30.0 million shares to 500.0 million Baht with 50.0 million shares at the par value of 10.0 Baht per share.

  8. 2007

    Expanded the business to production and distribution of seabass feed.

    The Company started to expand into the business to production and distribution of seabass feed under the brand " PROFEED”. The Company was among the first manufacturer of aquaculture feed in Thailand that pioneered the sea bass feed business.

  9. 2006

    Expanded the business to production and distribution of fish feed.

    • The Company increased the paid-up capital from 200.0 million Baht, with 20.0 million shares to 300.0 million Baht, with 30.0 million shares with a par value of 10.0 Baht per share.
    • The Company amended business objectives from " production and distribution of shrimp feed business" to " production and distribution of shrimp feed, fish feed, livestock feed and animal feed"
    • The Company started production and distribution of freshwater fish feed under the brand "PROFEED", "NANAMI" and "Onil" which are tilapia feed, catfish feed and red tilapia feed etc.
  10. 2003

    Entered into a technical cooperation and using of the tradename agreement with an affiliate in India (AVANTI)

    The Company entered into an alliance with AVANTI through a technical cooperation agreement and license for AVANTI to sell shrimp feed in India and export shrimp feed by using production formula under the tradename of "PROFEED" and tradename of "NANAMI" for white shrimp feed (AVANTI sells under the tradename "MANAMEI")

  11. 2001

    Increased the paid-up capital, expanded one additional factory, registered to change the Company's location, and started expanding to Malaysia.

    • The Company increased the paid-up registered capital from 80.0 million Baht, with 8.0 million shares to 200.0 million Baht, with 20.0 million shares with a par value of 10.0 Baht per share.
    • The Company built 1 additional factory building, located at 89/1 Moo 2, Rama 2 Road, Kalong Subdistrict, Mueang District, Samut Sakhon Province 74000 (Mahachai Factory) to support the expansion of production capacity from 24,000 tons per year to 73,000 tons per year and registered to change the Company's head office from Ranot factory to Mahachai factory.
    • The Company started to export products to foreign countries for the first time, namely Malaysia.
  12. 2000

    The Company is registered to produce and distribute shrimp feed and acquired the shrimp feed production and distribution business of Aqua Star Company Limited (“Aqua Star”)

      • TU and Boonmechote Family registered the Company with a paid-up capital of 80.0 million Baht, 8.0 million shares with a par value of 10.0 Baht per share, with the objective of operating the production and distribution of shrimp feed.
      • The Company acquired the production and distribution of shrimp feed including land, building, factory, brand "PROFEED", "AQUAFEED" and "SEAFEED" and licenses related to business operations and / or property acquisition from Aqua Star, which is a third party and not a conflict of interest with the Company.
      • The Company had only one headquarter and factory, located at 103/1 Moo 2, Songkhla-Ranot Road, Pak Thae Subdistrict, Ranot District, Songkhla Province (Ranot Factory).
      • The Company produced and distributed shrimp feed under the brands "PROFEED" and "AQUAFEED".