Thai Union Group Public Company Limited (SET: TU) announced in respect of establishment a newly joint venture company under the name Pacific TUM Cold Storage Company Limited (PACT) by Thai Union Manufacturing Company Limited (TUM), a 99.66 % subsidiary of the company, to jointly investment with Pacific Cold Storage Company Limited (PCS), with the registered capital of THB 160,000,000.
The objective of PACT is to establish a new cold storage warehouse in order to secure the raw material storage and loading services of TUM.
The Executive Committee of the company has remarked that joint investment in establishment of a new joint venture company with PCS, an industry leader in providing cold storage with strong expertise and knowledge in the field, is appropriate and benefits the company.
