Thai President Foods
|Traded as||SET: TFMAMA|
|Founded||April 18, 1972|
|Mr Pipat Paniangvait, CEO|
|Revenue||12.46 billion baht (2018)|
|2.5 billion baht (2018)|
Thai President Foods PCL (TF) (Thai: บริษัท ไทย เพรซิเดนท์ ฟูดส์ จำกัด) is a Bangkok-based Thai company established 18 April 1972. It makes the internationally marketed instant noodle brand "MAMA" (Thai: มาม่า). Thai President Foods is the largest instant noodle manufacturer in Thailand as of 2015, with a 53 percent share of the market.
As of 2008, 3,824 people were employed by Thai President Foods
In its 2014 Annual Report TPF declared that two company 10-year targets were to grow total income to 20,000 million baht and to move to a ratio of 50:50 (domestic sales:export sales) from its present 80:20.:31 As of 2015, Thai President Foods is the largest instant noodle manufacturer in Thailand, with a 53 percent share of the market.
A Stock Exchange of Thailand (SET) ruling in October 2017 approved the delisting of securities for Thai President Foods PLC (PF) and President Rice Products (PR) and allowed shares of the amalgamated firm to be traded on the SET using the ticker symbol TFMAMA. Under the new shareholding structure, TFMAMA is 25 percent held by SET-listed Saha Pathana Inter-Holding (SPI), the investment holding firm of Saha Group, 16 percent by Nissin Holdings and the rest by the Chokwatana, Tatiyakawee, Poonsakudomsin, and Paniengvait families.
The company has factories in Lamphun, Si Racha, Rayong, and two factories in Ratchaburi in Thailand. In addition to its Thailand factories, Thai President has factories in Yangon, Myanmar; Bangladesh; Cambodia; and Hungary.:33 The Hungarian factory's two production lines have a capacity of 4.5 million noodle packs per shift per month. It produces "Thai Chef" and "Asia Gold" brand noodles for the European market.:33
The company is building a second Myanmar factory in Mandalay, which will increase its Myanmar production to 400,000 packages per day. The company sees potential for growth in Myanmar as the per capita consumption of packaged noodles is only 11.1 packages per year compared with 49 packages per person in Thailand. Mama's Myanmar sales in 2018 were 657 million baht, projected to double by 2020.
The firm is building a new factory in Cambodia to replace its existing factory. It expects to produce 80,000 cases of noodles per month there, worth 565 million baht per year in revenue by 2020.
In 2014, when the political crisis slowed Thailand's economic growth to 0.9 per cent and eventually led to a military coup, the growth of MAMA noodle sales hit a low of 1 percent. In 2015, when the military government could not propel the country beyond an estimated 2.8 percent growth, sales of MAMA noodles only grew 0.4 percent—a 44 year record low. In spite of lacklustre growth in 2014, profits were 1.7 billion baht. Revenue in 2014 was 12 billion baht.:3 The sales contraction in 2015 reflects the economic slowdown which has affected lower-income earners, the main consumers of instant noodles. Mr Wathit Chokewattana, vice president of the company, said that the growth rate of instant noodles has averaged 5–6 percent per year historically. MAMA remains the market leader with a 50.25 percent share of the market:29, followed by Wai Wai and Yum Yum.
Thai President's revenue in 2018 was 12.46 billion baht, up 5.5 percent over 2017. Net profit rose 9.4 percent to 2.5 billion baht.
Thai President's product range:36 is:
- Instant soups, including "oriental style instant noodles". Flavours include pork, Thai Tom yum shrimp, chicken, vegetarian, Vietnamese Phở (beef), Thai Pad kee mao, Thai curry and others. Packed in both individual packs and disposable cups.
- Parboiled rice
- Baked products
- Wheat flour, dry vegetables, rice noodles, and seasonings.
- Soft drinks
- Fruit juice
- herbal juices
- Dairy products
The food company's main products are flavoured instant noodles mainly sold under the MAMA brand and other brands such as "Mamy", "Pama", "Papa", "Sai Keo" and "Honghow" which are distributed worldwide. In 2014, the company had an estimated daily capacity of six million packages.:35
- "Management Team". Thai President Foods PCL. Retrieved 4 January 2018.
- Jitpleecheep, Pitsinee (2019-02-04). "Mama bolsters noodle production capacity". Bangkok Post. Retrieved 2019-02-05.
- "Mama instant noodles sale drops for the first time in 42 years". ThaiPBS. 2015-06-09. Retrieved 9 June 2015.
- www.mama.co.th Company > History, retrieved 2009-09-19 Archived June 20, 2010, at the Wayback Machine
- Wright Reports Thai President Foods Public Company Limited - Company Profile Snapshot, retrieved 2008-09-19 Archived August 12, 2007, at the Wayback Machine
- Annual Report 2014 (PDF). Thai President Foods. 2015. Retrieved 9 Jun 2015.
- Jitpleecheep, Pitsinee (4 January 2018). "Making Mama instant everywhere". Bangkok Post. Retrieved 4 January 2018.
- "Factory". Thai President Foods PCL. Retrieved 9 June 2015.
- Yee, Tan Hui (2016-02-02). "Thailand's queen of instant noodles takes a hit due to slowing economy". Straits Times. Retrieved 2 February 2016.
- "Message from the Board of Directors". Thai President PCL. Retrieved 9 June 2015.
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