thai union group
the new projects to improve fisheries in which thai union will invest. (image: thai union group )
thai union pcl: top thai union executives receive high recognition in instituti. .
thai union international, inc. was changed to thai union north america, inc .
join this new global campaign and tell thai union group it' s time to change .
thai union pcl: group 2016 sales rise 7. 3 percent to record thb 134 billion
is your company’s canned tuna supplied by thai union group? if so, consider this a warning .
data as of jul 09 2018. currency figures normalised to thai union group pcl' s reporting currency: thai baht thb
seafood products sold under thai union group' s brands. (photo: tuf / greenpeace / fis )
the president and ceo of thai union group thiraphong chansiri vowed changes. (mark baker / associated press )
under thai union manufacturing company limited, as a processor and exporter of canned tuna. then, in 1988, thai union group (public) company limited, originally known as thai union frozen products was founded
greenpeace usa’s graham forbes, head of the group’s seafood markets project, said thai union needed to do more .
thai union pcl: group 2016 sales rise 7. 3 percent to record thb 134 billion | 4 - traders
bangkok — environmental activist group greenpeace has called on thai union group, the world' s biggest tuna manufacturer, to end environmentally damaging practices and alleged violations of workers’ rights .
the deal with orion gives thai union a firm footing in lobster, a product the group has never handled before, and that is expected to add growth to the group .
thai union group is included in the dow jones sustainability indices (djsi) emerging markets for the first time, marking international recognition of thai union' s efforts towards sustainable development. thai union group has been included in the djsi in 2015 and 2016 as well, increasing its scores each year .
thai union group completed the acquisition of a majority stake in rügen fisch. this synergy will help the group enter the german market, one of europe’s largest, contributing to our growth in europe
thai union group (tu) today announced an international consultation programme with key stakeholders as part of its sea change sustainability strategy .
thai union group is investing $ 90 million in a drive to hit 100% of its branded tuna as being sustainably sourced .
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thai union group, the world’s third - largest seafood exporter and owner of popular u. s. brand chicken of the sea
thai union went public with a listing in the stock exchange of thailand as thai union frozen products pcl (tuf) .
thai union group has completed the acquisition of german shelf - stable firm rugen fisch, with opposition from local politicians apparently coming to little .
thai union group can become the world' s leader in providing seafood that is sustainably and ethically sourced. thai union group' s size, reach and purchasing power mean the company has both a huge responsibility and is uniquely positioned to drive much needed change in global tuna fisheries .
thai union pcl: update for tri - union seafoods llc, which is a subsidiary of tha. .
thai union group is setting out on an ambitious strategy, committing to source 100 percent of its tuna for its branded product from sustainable sources .
actively engaged with the shrimp sustainable supply chain task force, and supportive of the group’s proactive work through thai union and the national fisheries institute .
“labor rights group: thai abuses go on in certified, audited factories”, 15 oct 2015 ...
thai union spokeswoman whitney small said thai union offered everyone at gig positions, accommodations, food and money. she said none of those workers ended up at thai union. she didn' t know why .
thai union group public company limited, formerly known as thai union frozen products public company limited, is a thailand - based company engaged in the manufacture and export of frozen and canned seafood. the company' s opera
in 2014, thai union became the first thai company to be included in the djsi food category .
we also wrote to thai union group' s shareholders and other institutional investors warning them of the financial risks associated with these destructive and harmful practices .
thai union group is investing $ 90 million in a drive to hit 100% of its branded tuna as being sustainably sourced [... ]
thai union received this award for achieving the industry' s highest revenues. the award winners were selected by a group of 270 international fund managers .
thai union implemented a successful global corporate rebranding, bringing all divisions of the organization under the umbrella of a common vision, mission, core values and visual identity, so as to drive alignment towards a common corporate culture. - the name of thai union frozen pcl (tuf) was changed to thai union group pcl (tu). - the name of mw brands sas was changed to thai union europe. - the name of thai union international inc. was changed to thai union north america inc .
though the reality of the industry is clear, the world' s largest canned tuna company – thai union group – is looking the other way. but we know from hard - hitting media exposés to our own investigative research that thai union group is seriously implicated in horrendous human rights and environmental abuses .
the way thai union sources its tuna has come under scrutiny, with the company facing criticism from campaigners. in october last year, thai union group' s uk unit john west and princes, the uk food and drink group, came under fire from greenpeace over their tuna sourcing and sustainability pledges .
the primary target for greenpeace’s wrath is thai union group, the world’s largest tuna fishery company, which produces the john west and chicken of the sea brands. greenpeace announced it was launching a global campaign to educate consumers to demand that thai union group address environmental and labor abuse in their supply chains .
news of the deal' s demise was applauded by environmental activist group greenpeace .
the activist group also faulted the firm for overfishing and using destructive fishing techniques .
the world' s largest canned - tuna maker, thai union group plc, said…any migrant labour abuse in the seafood industry was unacceptable... .
thai union group announced thursday that it has reached an agreement with uk - based private equity lion capital to mutually terminate the acquisition of bumble bee foods .
and last month, greenpeace, a vocal critic of thai union, broadened its campaign to attack sainsbury' s for stocking the thai group' s john west brand in the uk .
thai union group has completed the acquisition of german shelf - stable firm rugen fisch, with opposition from local politicians apparently coming to little [... ]
thai union group pcl is the world’s seafood leader bringing high quality, healthy, tasty and innovative seafood products to customers across the world for almost 40 years .
despite the cancellation of the bumble bee foods transaction in late 2015, thai union group committed to holding on to its 2020 sales target of $ 8 billion .
under an agreement with environmental group greenpeace, thai union said it would take steps toward sustainably caught tuna in its supply chain while ensuring all workers are “safe” .
meanwhile, thai union group was honoured yesterday for being named winner of the 2016 gold standard awards for corporate citizenship in the global - asia program from publicaffairsasia .
this rating reflects thai union’s high business potential, with a strong financial discipline and an ability to maintain global competitiveness. tris also assigned thai union an aa - with stable outlook rating for thai union’s new thai baht debentures, worth thb 8, 250 million .
urltoken copyright (c) 2018 by the atlantic monthly group. all rights reserved .
the acquisition of bumble bee foods llc by thai union group public co. ltd. has been terminated because of anti - trust objections by the u. s. dept. of justice. thai union already owns chicken of the sea .
though thai union is no stranger to criticism over the past several years, greenpeace lately has become increasingly aggressive against a number of thai union’s business segments .
for more than 38 years, thai union group put all efforts to satisfy demand of customers across the world, delivering safe, quality and convenient products for consumption .
“thai union leads in opting for zero recruitment fees policy – a major step towards eliminating potential abuses of labor and human rights welcomed by migrant rights group” ...
“though the reality of the industry is clear, the world' s largest canned tuna company – thai union group – is looking the other way, ” read the statement. “but we know from hard - hitting media exposés to our own investigative research that thai union group is seriously implicated in horrendous human rights and environmental abuses. ”
thai union terminates $ 1. 5b acquisition deal with us seafood firm bumble bee
bumble bee would have been the largest acquisition in the history of thai union .
thai union is the first and only supplier to consecutively win this prestigious award .
thai union received recognition for its good export records throughout a 10 year period .
thai union pcl: named to dow jones sustainability index for fourth consecutive. .
thai union group needs to make some dramatic changes. but for that to happen, the company' s management has to feel pressure from people all over the world .
on sep. 25, a lawsuit was filed in california accusing thai union group and its us subsidiaries of selling products to consumers from a supply chain containing slave labor .
group acquired a 76. 5% stake of indonesian tuna packer pt jui fa international food
thai union will report on its progress towards its global tuna commitment regularly. visit urltoken for more information on thai union’s tuna commitment and its wider seachange® sustainability strategy .
thai union group has revealed a new ethics and labor code of conduct ;
one of many initiatives designed to drive positive change to earn trust
, it has said .
thai union group pcl has announced its intention to ensure 100 percent of its branded tuna is sustainably sourced, with a commitment of achieving a minimum of 75 percent by 2020 .
thai union group pcl is the world' s seafood leader, bringing high quality, healthy, tasty and innovative seafood products to customers across the world for almost 40 years .
thai union group announced thursday that it has reached an agreement with uk - based private equity lion capital to mutually terminate the acquisition of bumble bee foods [... ]
greenpeace international yesterday called for people to sign on a global petition against the top seafood corporation and its brands in a statement which the netherlands - based group warned thai union group' s shareholders and investors “of the financial risks associated with these destructive and harmful practices. ”
thai union secured thb 24. 5 billion long - term financing for red lobster deal
the main challenge for thai union now is making sure it achieves its 2020 target .
this award was granted to thai union following darden restaurants inc. ’s worldwide supplier selection process, and it honors thai union’s quality - focused raw materials procurement and service .
thai union recently completed its first industry collaborative third - party audit on some thai commercial fishing vessels supplying the company’s business .
despite the cancellation of the bumble bee foods transaction in late 2015, thai union group committed to holding on to its 2020 sales target of $ 8 billion [... ]
the company commissioned from verite, a u. s. - based fair labor advocacy group .
) - - thai union group pcl (“thai union”), red lobster seafood co. (“red lobster”) and golden gate capital (“golden gate”) today announced that thai union has made a $ 575 million strategic investment in red lobster, the world’s largest seafood restaurant company. golden gate capital will remain majority owner and retain operational control of red lobster .
the group thai union ensured it is fully committed to the protection of the marine environment and to responsible sourcing and welcomed the work that the ecologist organization greenpeace is undertaking to drive change .
2 dec 2016, bangkok — thai union group pcl was honored yesterday to be named winner of the 2016 gold standard awards for corporate citizenship in the global - asia program from publicaffairsasia .
despite the collapse of a lucrative deal to acquire bumble bee seafoods last year, thai union group is stepping up its acquisition strategy as it continues on its path to make $ 8 billion in revenues by 2020, thiraphong chansiri, president and ceo of thai union told intrafish .
thai union entered a joint venture with mitsubishi corporation and hagoromo foods corporation – thai union customers and japan’s major trade, food production and distribution companies. both corporations played a significant role in developing thai union products to meet international standards and become competitive in the world market .
thai union buys stake in u. s. chain red lobster in $ 575 million deal
thai union looking to add up to $ 1. 5bn sales from acquisitions | undercurrent news
thai union terminates $ 1. 5b acquisition deal with us seafood firm bumble bee - dealstreetasia
said darian mcbain, ph. d. , thai union’s global director of sustainable development .
thai union is proud to have its efforts recognized by leading organizations from around the world .
thai union received these awards for their consistent delivery of high - quality products and services .
caption - exercies break time for thai union employee on the shrimp line in samut sakorn .
thai union pcl: holds science camp to promote learning for students in samut sa. .
others are getting involved too. a group of consumers filed a lawsuit against nestle, alleging that nestle violated three laws in california prohibiting false advertising and unfair competition, because thai union frozen foods “knowingly uses forced labor to harvest fish used in the cat food. ” in december 2015, consumer action group d. c. residents against slavery picketed outside walmart, calling on the retail giant to stop stocking shrimp supplied by thai union group. and green america has called on costco to stop fueling slavery in thai fishing .
ambassador of france to thailand, h. e. mr. gilles garachon, awarded the “chevalier de la légion d’honneur” medal to mr. thiraphong chansiri, ceo of thai union group pcl .
major global seafood supplier thai union group was honored with the 2016 gold standard awards for corporate citizenship in the global - asia program from publicaffairsasia yesterday, 1 december, for its sustainability work .
group says it will invest $ 90 million in initiatives to increase the global supply of sustainable tuna .
the group also launched a new logo, which is inspired by the ocean, the company said .
the group added that it hoped to have 100% of its supply chain independently audited by 2016 .
as a leader in the seafood industry, thai union has a responsibility to protect tuna stocks for the good of the world, ” said thiraphong chansiri, ceo of thai union .
“ thai union has fully embraced its role as a leader for positive change as one of the largest seafood companies in the world, ​” commented thiraphong chansiri, ceo of thai union .
thai union group has revealed a new ethics and labor code of conduct ;
one of many initiatives designed to drive positive change to earn trust
, it has said [... ]
seafood company thai union group pcl has adopted an ambitious strategy to ensure 100 per cent of its branded tuna is sustainably sourced with a commitment of achieving a minimum of 75 per cent by 2020 .
thai union plans to have a minimum of 75% of its tuna as sustainably by 2020 .
thai union international, inc. , a u. s. subsidiary of thai union frozen products pcl. sets up a new company, namely u. s. pet nutrition, llc .
q: thai union has expanded through aggressive acquisitions. what are your plans for the future ?
thai union continuously supports activities that help improve the quality of life for employees and their children .
thai union yesterday also launched its new seachange website yesterday, focusing on the company’s sustainability strategy .
thai union group reaffirmed where its priorities lie in a 5 october press release crafted in response to a campaign launched by greenpeace last week that challenged the company’s sourcing methods and its commitment to worker wellbeing .
group invested in a 14. 99% stake of india - based shrimp feed and shrimp producer avanti feeds
“thailand can guarantee that as of january 2016, there is no illegal labour in the thai fishing industry, ” thiraphong chansiri, the president and chief executive of thai union group, recently claimed. “the country does not deserve such a ban. ”
bangkok - - thai union group, the world' s largest producer of canned tuna, has begun developing a restaurant business as it tries to deal with the rising cost of canning brought on by a strengthening thai baht and tighter rules over foreign workers .
kuala lumpur (thomson reuters foundation) - the world’s largest canned tuna company, thai union group pcl, on tuesday announced a deal with environmentalists to tackle overfishing and potential labor abuse, in the latest bid to clean up the beleaguered thai seafood industry .
group acquired a 100% in empress international ltd. to improve seafood distribution capabilities in the u. s .
year on year thai union group pcl had relatively flat revenues (134. 38bn to 136. 54bn), though the company grew net income 3. 84% from 5. 80bn to 6. 02bn .
on monday, thai union group pcl (tu: set) closed at 15. 00, 2. 04% above its 52 - week low of 14. 70, set on jul 05, 2018 .
thai union found itself the subject of more unfavourable scrutiny at the start of the month when ngo greenpeace launched a global campaign against the group over its perceived labor abuses - - as well as harmful fishing methods .
“open and frank discussions are important to facilitating wide - reaching change. we believe that the industry will improve through active collaboration among different stakeholders, ” thai union’s group head of human resources shue chung chan said .
thai union shares were trading about 2. 2 percent down this afternoon at 17. 90 baht .
thai union buys stake in u. s. chain red lobster in $ 575 million deal | reuters
thai union bought canadian lobster processor les pecheries de chez nous for an undisclosed amount earlier this year .
rittirong boonmechote, head of thai union’s global shrimp business, said in terms of supply, indonesia and bangladesh are interesting countries, so thai union is looking for mergers, acquisitions and joint ventures there .
on oct. 28, greenpeace held a day of global protests against thai union' s subsidiaries .
over the course of last twelve months, both thai union and lion capital
have advocated vigorously the merits of the deal
to the us department of justice (doj), said thai union .
thai union group entered a joint venture with savola foods company, one of the largest consumer goods producers and distributors in the middle east (including brands such as afia, alarabi ladan and yudum). the companies will mutually benefit, with savola gaining increased access to global seafood and thai union connecting with regional expertise .
thai union group has launched a new logo and pr campaign –
one future
– to convince all of us that its reputation and work practices are beyond question. but there is no future for tuna and for many who are forced to work in the industry if thai union goup does not clean up its act .
thai union group, in particular, has been the subject of much unfavourable scrutiny over the transparency of its supply chain - - or perceived lack thereof - - with greenpeace waging an especially fervent campaign against the tuna canner .
an associated press investigation has once again connected thai union group, owner of chicken of the sea in the united states and multiple other brands worldwide, to forced and child labor, deplorable working conditions, and human trafficking .
mr. thiraphong chansiri, chief executive officer of thai union group public company limited, received the diamond commercial award from mrs. apiradi tantraporn, the minister of commerce, for his strong support of trade and commercial development .
thai union is also setting up an e - commerce platform, to sell its products around the world .
nevertheless, whole foods isn’t severing its relationship with thai union. the company said it would support a thai union pledge to bring all of its shrimp - processing operations in - house by the end of 2015 .
following the vote of shareholders, the bangkok - listed firm will now operate under thai union group public company limited (tu) from sept. 23, instead of using the stock ticker symbol of tuf, the company announced .
to accelerate our progress in actionable innovation, thai union group invested over thb 100 million to launch the global innovation incubator (gii) – a world - class r & d facility and the first of its kind in thailand .
thai union was awarded the certificate of good labor practices by the ministry of labour on selected subsidiaries, namely thai union manufacturing (tum), songkhla canning pcl (scc), thai union seafood (tus) and okeanos food (okf), recognized for its commitment towards driving positive change and promotion of good labor practices .
however, the thai delegation found no proof of mistreatment and found all crews to be thai .
group acquired a 51% stake of vietnam - based seafood processor yueh chyang canned food which produced caned shellfish and tuna .
amid the fall - out, thailand announced it had partnered with indonesia to form a fisheries working group to tackle iuu .
thiraphong chansiri, ceo of thai union group noted,' thai union' s 2016 results shows that demand for our products remains strong. despite challenging costs for raw materials and economic volatility in various markets around the world, we delivered a stable bottom line.' thai union announced a final dividend of thb0. 31 per share, making a 2016 full year dividend of thb0. 63 per share, representing continued dividend stability, despite strong operational headwinds .
private equity firm golden gate capital will remain red lobster’s majority owner and retain operational control, thai union said .
it said conditions for laborers on more than 400 vessels supplying thai union will improve if the reforms are implemented .
consumers can rest assured that our current products are not tainted with the alleged trade supplier ,
thai union said .
this is to prove that thai union takes the issue of human rights violation extremely seriously .
in collaboration with the labour rights promotion network (lpn), thai union group invested thb 10 million to establish two pre - schools in thailand for the children of thai union workers and the local community. three more pre - schools will be launched by 2020 as part of our commitment to promoting lifelong learning opportunities for our employees and their families .
over the course of last 12 months, both thai union and lion capital have vigorously advocated the merits of the deal to the u. s. department of justice ,
thai union said .
however, thai union and lion capital have concluded that the clearance is unlikely under the time stipulated in the share purchase agreement .
thai union group pcl, one of the world’s leading and likely most contentious seafood companies, today announced an ambitious strategy to ensure 100 percent of its branded tuna is sustainably sourced with a commitment of achieving a minimum of 75 percent by 2020 .
for more information, please contact: ms. pantamas krikul head of external communications & media relations thai union group pcl t: + 66 2 298 0024 ext. 4423 m: + 66 084 388 2617 e: pantamas. krikul @ urltoken
concerned american tuna consumers have something to rejoice about. thai union group (tu), a company linked to human rights and environmental abuses within thailand’s tuna industry, recently announced it terminated its acquisition of american canned tuna company bumble bee foods .
thai union group public company limited, formerly known as thai union frozen products public company limited, is a thailand - based company engaged in the manufacture and export of frozen and canned seafood. the company' s operations are divided into five groups: production and export of frozen and canned food products, production and distribution of packaging products, production and distribution of
thai union has been named to the dow jones sustainability indices (djsi) emerging markets for the third consecutive year .
thai union pcl acquired 100 percent of empress international ltd. to improve seafood distribution capabilities in the u. s .
thai union is working hard to drive strong, positive change throughout many parts of the seafood industry. learn more :
shrimp contributes about 27 percent of thai union’s revenue, rittirong said, while tuna generates about 45 - 50 percent .
meralliance, which focuses primarily on the chilled smoked salmon business, is also a completely new business for thai union .
shrimp contributes about 27% of thai union’s revenue, rittirong said, while tuna generates about 45 - 50% .
source: bangkok post. thai union eyes shrimp investments in bangladesh, indonesia. reuters. april 7, 2016 .
petfood suppliers mars and proctor & gamble became the latest high - profile brands to find themselves subjected to lawsuits over slave labor in their supply chains linked back to thailand - - namely thai union subsidiaries songkla canning and thai union manufacturing .
mwrn international affairs advisor andy hall praised thai union work in improving its migrant worker recruitment policies and workplace social dialogue .
thai union announced the acquisition of bumble bee on dec. 19, 2014, for $ 1. 5 billion .
thai union has received the sustainability report award for the second consecutive year, which recognizes completeness, credibility and communication .
thai union was granted this award following sec’s polls administered to securities analysts, fund managers, investors and end users .
in a bid to reduce reliance on domestic sources of shrimp, thai union group, plc, is considering shrimp acquisitions and investments in indonesia and bangladesh. the thai shrimp farming industry is still recovering from the early mortality syndrome epidemic that hit it in 2013, cutting production in half, or more .
thai union brands include sealect in thailand, chicken of the sea in the united states, john west in the uk and petit navire in france. greenpeace hopes pressure from global consumers will push thai union and other companies to take action .
thai union, a publicly - held thai corporation headquartered in samutsakhon, thailand, is the largest global producer of shelf - stable tuna and also offers other shelf - stable and frozen seafood products globally. thai union' s chicken of the sea subsidiary is headquartered in san diego, california .
over the course of last twelve months, both thai union and lion capital have vigorously advocated the merits of the deal to the u. s. department of justice ,
thai union said in a statement friday .
however, thai union and lion capital have concluded that the clearance is unlikely under the time stipulated in the share purchase agreement .
a group of customers who bought nestle' s fancy feast brand fish - flavored cat food sued the consumer goods conglomerate thursday alleging the company knew that its supplier thai union frozen products used slave labor in its supply chain, the plaintiffs' attorneys announced .
bangkok - based thai union group is the world' s largest canned - tuna processor, with a production capacity of 610, 000 tons per year. about 90% of its revenue comes from outside thailand, mainly the u. s and europe .
“today we achieved another important milestone for thai union ,
said thiraphong chansiri, president and ceo of thai union .
we are ready to delight and win consumers with our premium, nutritious and sustainable seafood products in the german market .
thai union pcl acquired a majority stake in vietnam - based canned shellfish and tuna producer, yueh chyang canned food ltd .
thai union’s vision is to be the world’s most trusted seafood leader, caring for our resources to nurture generations to come .
to achieve its target, thai union must see growth of around 15 percent in sales each year between now and then .
this was the first lawsuit over alleged slave labor filed directly against thai union and its chicken of the sea us subsidiaries .
greenpeace, which had confronted vessels supplying thai union in protest previously, said it hoped other industry players will follow suit .
a symbol of forward movement, fluidity and subtle power, representing characteristics of the kind of culture to which thai union aspires. the new visual identity is a modern expression of thai union’s high performance and positive energy yet remains remarkably thai, reflecting pride in the company’s heritage ,
it said .
thai union group, the owner of seafood brands such as john west and chicken of the sea, has made a commitment to source 100% of its branded tuna from fisheries certified by the marine stewardship council or taking part in programmes moving them towards msc certification .
13 december, 2016, b angkok — thai union group pcl, one of the world’s leading seafood companies, today announced an ambitious strategy to ensure 100% of its branded tuna is sustainably sourced with a commitment of achieving a minimum of 75% by 2020 .
greenpeace remained unconvinced as to this union' s efforts, ramping up its campaign to include labor unions - - representing five million people - - who called for the group to reform its social and environmental practices .
each of these brands will be reporting publicly on their progress against the 2020 commitment on a regular basis, thai union said .
our company was established in august 1977 as thai union manufacturing co. ltd. , a processor and exporter of canned tuna .
as a company committed to innovation and globally responsible behaviour, thai union is proud to be a member of the united nations global compact, and a founding member of the international seafood sustainability foundation (issf). in 2015, thai union introduced its seachange® sustainability strategy. thai union’s on - going work on sustainability issues has been recognized by its inclusion in the dow jones sustainability indices emerging markets (djsi) in 2014. in 2016 thai union was named to djsi for the third consecutive year. urltoken .
“that is the way that we must work together to achieve healthy oceans for generations to come, ” thai union’s release concluded .
thai union was recognized for its determination to strictly follow sec procedures and to make information transparent, succinct and clear for investors .
thai union group, the maker of the u. s .
chicken of the sea
brand, is abandoning its proposed $ 1. 5 billion purchase of bumble bee seafoods after u. s. officials objected to the merger, saying it would harm competition .
thai union group, the world' s largest canned tuna producer, on friday scrapped a $ 1. 5 billion acquisition of u. s. rival bumble bee seafoods after u. s. authorities said the deal would be harmful to competition in the seafood market .
furthermore, the group’s executives expressed their hope that by working closely with issf, their investment and innovation will benefit the wider tuna fishing industry .
as an additional part of its outreach, thai union director - general of the department of employment aruk phrommanee met with company employees and leaders of the migrant worker rights network (mwrn) at thai union’s production facility in samut sakhon, thailand on 16 june .
a group of customers who bought nestle' s fancy feast brand fish - flavored cat food sued the consumer goods conglomerate thursday alleging the company knew that its supplier thai union frozen products used slave labor in its supply chain, the plaintiffs' attorneys announced [... ]
bangkok, april 7 (reuters) - thai union group pcl, the world’s largest canned tuna firm, is considering acquisitions and investments in the shrimp sector in indonesia and bangladesh in a bid to reduce reliance on domestic sources of the seafood, its second - biggest business .
despite greenpeace’s increased aggression - - chansiri notes the group has been targeting it for more than a year now - - thai union will continue to try its best to satisfy its key stakeholders, and to make sure “we support sustainable fishing measures, and sustainable fishery management. ”
president and ceo of thai union group, thiraphong chansiri expressed frustration and promised change after confirming that shrimp peeled by slaves was entering his company' s supply chain, saying he would end reliance on poorly regulated contractors responsible for the abuses. (mark baker / associated press )
21 february 2017, bangkok - thai union group pcl reported a 7. 3 percent year - over - year rise in 2016 consolidated sales to a record thb 134, 375 million (usd 3. 8 billion). this is the seventh consecutive year of record sales .
a factory just a few miles away from tin nyo win’s shed provided shrimp to companies including thai union; a half - dozen former workers said a thai union employee visited the shed every day. a runaway worker, moe pyae soe, alerted a local migrant labour group about slave - like conditions there after being brutally beaten across his ear and throat with iron chains. police raided the factory in may .
“sustainability is a global need that requires a global commitment ,
said darian mcbain, global director of sustainable development at thai union .
in continuation of its well publicized efforts to clean up its supply chain, thai union revealed it had dropped a number of suppliers .
seafood producer thai union has announced its commitment to tackling concerns within the fishing sector, in what has been branded a “new standard” .
increased investment in thai union manufacturing (tum) from 90. 80 to 99. 66 percent of the thb 300 million registered capital
, partner of lion capital .
we are particularly pleased to have found a strategic home for bumble bee with the proven expertise of thai union. thai union is uniquely qualified to build even greater growth and prosperity of the bumble bee business in the future .
thai union had been looking at selling its chicken of the sea brand in the us, in order to get the deal done .
thai union group has acknowledged its u. s. subsidiary, chicken of the sea, is the whistleblower in a price - fixing scandal that has led to a united states department of justice investigation and prosecution of its primary competitors in the u. s. canned tuna market .
participating the exhibition for the 12th year, thai union group expressed its potential as a thai - owned company with international competitiveness, standards and wide recognition in production, high - quality processing of both shelf stable and frozen seafood on the global stage. the booth was designed under the concept “seafood innovation, innovative and sustainability seafood” the sustainability extends
the doj began investigating collusion in the u. s. canned tuna industry following a failed bid by thai union to buy bumble bee in 2015. it is unclear when thai union began cooperating with the doj, but according to the doj’s corporate leniency policy, it did not yet have information about illegal activity that was likely to result in a sustainable conviction when thai union initiated contact with the department .
thai union has been named for the third consecutive year to the dow jones sustainability indices (djsi) emerging markets, among the most highly regarded metrics for global companies’ sustainability performance. three years of continuous djsi score improvement indicate that thai union’s sustainability efforts are achieving results .
caption - president of global shrimp business unit, mr. rittirong boonmechote (center), global innovation director of thai union group dr. tunyawat kasemsuwan (left) and director of culinary development mr. scott solar (right) show special product for this exhibition such as ready - to - cook meal, gluten free and thai fusion shrimp .
law360, new york (october 12, 2016, 4: 51 pm edt) - - leading thai seafood supplier thai union group pcl said it has made a $ 575 million investment in red lobster seafood co. , with private equity firm golden gate capital staying on as majority owner and retaining operational control of the world’s largest seafood restaurant company .
thai union frozen products pcl was founded with an initial registered capital of thb 25 million. the company primarily produces and exports frozen seafood .
mr. joerg ayrle received this award for his instrumental role in building a strong insight - driven performance culture at thai union as cfo .
thai union’s outstanding achievement in sustainability reporting reflects its ability to use explicit details and visuals when presenting its sustainability achievements. the report puts its sustainability commitments into the context of its organizational operations, its uses of natural resources for business operations, and thai union’s overall sustainability impacts .
thai union calls off bumble bee sale urltoken katy askew 4 december 2015 urltoken thai union fails to clear competition hurdles for bumble bee acqusition thai union has reached an agreement to terminate its proposed acquisition of us seafood canner bumble bee foods after failing to get regulatory clearance for the deal. thai union announced the proposed acquisition of bumble bee in december last year urltoken over the last twelve months, both thai union and lion capital have
vigorously advocated the merits of the deal
to the us department of justice, the company said in a statement today (4 december). thai union had indicated its willingness to dispose of other assets in the us, including offloading its chicken of the sea brand urltoken to remedy competition concerns. however, thai union and lion capital concluded that clearance is unlikely under the time stipulated in the share purchase agreement. thai union president and ceo thiraphong chansiri commented :
we have put a lot of efforts to get this deal approved. however, we also recognise that the clearance is now unlikely due to a higher level of complexity in the process .
the termination of the share purchase agreement is effective immediately. chansiri stressed that thai union remains focused on expanding sales in the north american seafood sector .
we have decided to focus our energy on our existing business. thai union remains committed to the north american seafood market ,
he said. urltoken
according to the report, thai union has terminated relationships with 17 suppliers as a result of forced labor or human trafficking violations since the start of 2015. the company also revealed that in 2015, “two serious issues of forced labor were uncovered within the thai union supply chain. ”
today, thai union group is widely recognized as the world' s largest producer of shelf - stable tuna products and one of the world' s biggest seafood producers with annual sales exceeding thb 100 billion (usd 3. 8 billion) and a global workforce of over 35, 000 staff .
but far more companies than its own brands are linked to thai union. retailers are not only selling thai union - owned products, but many are being supplied for their house brands — including walmart, lidl, big c and many others in canada, thailand, the united states, france, the uk and beyond. food service providers like sysco and restaurant chains like olive garden have also been linked to thai union .
the town council of sassnitz, germany, had appealed to the country' s government to block thai union' s takeover of rugen fisch .
thai union would buy other overseas firms to make sure it reaches that target, chief executive thiraphong chansiri told reuters by telephone after the announcement .
“we have decided to focus our energy on our existing business. thai union remains committed to the north american seafood market ,
said chansiri .
“we are particularly pleased to have found a strategic home for bumble bee seafoods with the proven expertise of thai union, ” said lyndon lea, partner at lion capital. “thai union is uniquely qualified to build even greater growth and prosperity of bumble bee seafoods business in the future. ”
thai union was honored as one of the pioneer organizations to recognize and prioritize the reduction of greenhouse gas emissions while actively participating in the project .
thai union entered into a joint venture agreement to acquire a 40 percent equity stake of avanti feeds limited’s wholly owned shrimp processing unit avanti frozen foods private limited india. the investment was aimed at helping diversify the group’s shrimp sourcing and operational risks and add production capacity to meet growing demand for the firm’s products
“we need more than a slick pr campaign and new logo. ” he said. “that' s why we contacted thai union group last friday to say that we are launching a global campaign demanding that it address environmental and labor abuse in its supply chain, and that we' ll expose its brands”
“thai union group is committed to full compliance with our code of conduct, good labor practices and every labor agreement we have signed – any less would be moving backwards - we are absolutely determined to move forward sustainably as one of the world’s seafood leaders and as an exemplary responsible global corporate citizen. ”
consumers and ngos are also stepping in, targeting some of the big players in the industry. when the new york times told lang long’s story in july 2015, seafood giant thai union group came under fire. long, who lived in cambodia, had accepted the offer of a construction job in thailand. after crossing the border he was held captive at gunpoint for days, before being forced onto a fishing boat, where he was enslaved for three years. he discovered that much of the fish he caught was destined for the songkla canning public company, a subsidiary of thai union group, for canning .
this award reflects thai union’s participation in and support for the thai food industry’s competitiveness development program (cdp), among other activities and programs. cdp encourages its participants to implement cost reduction and environmental friendliness measures .
kraisorn chansiri, the company' s founder and chairman said the group has come a long way from
just a small supplier
to what it is now .
we partnered with hartman group on research that delved into consumer perceptions of genetically modified foods; about half (is that good or bad ?) will avoid them .
in 2003, empress became part of thai union international, further enhancing our growth and innovation while we continue to exceed the expectations of our customers .
thai union pcl invested in a 14. 99 percent stake of india - based avanti feeds, a producer of shrimp - feed and shrimp products .
thai union has released our first annual tuna commitment progress report to update on our strategy to ensure 100% of our branded tuna is sustainably sourced .
the month kicked off with thai union executives meeting with the country' s military government over the issues of slave labor in the seafood supply chain .
but on the same day, greenpeace claimed it had uncovered new incidents of forced labor on thai operated vessels, with this union once again condemned .
a truck tracked ap staffers had been discovered to transfer shrimp from slave - manned facilities to a subsidiary of thai union, a whole foods supplier .
“thai union worked with local ngos, the issara institute and migrant workers rights network to provide humanitarian aid to workers, full compensation of lost benefits, and offers for safe and legal employment within thai union factories, ” the report said. “thai union is committed to demonstrating full transparency and traceability in our supply chain. all supply chains are in the process of being mapped to source, and audited for compliance with quality and labor standards. ”
we have decided to focus our energy on our existing business. thai union remains committed to the north american seafood market ,
thiraphong said .
caption: mr. kanin kaewin (left), thai union sustainable development manager, with mr. jean - michel dumont, ruder finn asia chairman
“we are honored receive such an important award. sustainability is at the heart of our business at thai union. as a leading seafood company, we are determined to drive positive change throughout the industry, ” said darian mcbain, thai union’s global director of sustainable development, in a prepared statement .
there isn’t a logo that will show you whether your canned tuna was caught by someone of his own free will — yet. but asking the tough questions and putting pressure on companies like thai union group will help push the tuna industry’s dark secret further into the light, and put an end to slavery at sea .
the corporate citizenship award recognizes the importance of thai union’s seachange initiative, which serves as the enterprise’s sustainability strategy designed to meet the urgent needs of the global fishing industry. according to publicaffairsasia, seachange enhances thai union’s “corporate reputation and demonstrates commitment to sustainable business practices, governance values or corporate responsibility. ”
thai union received this award in honor of its successful acquisition of europe - based mw brands, which was considered rare and one of the largest cross - border m & a transactions in the history of thai firms .
during a panel discussion on forced labour in supply chains, mcbain discussed the issue of slavery in the thai seafood sector, and outlined thai union’s work to achieve safe and legal labour in the company’s own supply chain .
“tuna is the most readily available source of protein for millions of people around the world, and at least one billion depend on seafood for nourishment or employment. as a leader in the seafood industry, thai union has a responsibility to protect tuna stocks for the good of the world, ” said thiraphong chansiri, ceo of thai union group. “our substantial investment will transform tuna sourcing for the entire industry and demonstrates our strong commitment to the sustainability of our oceans. ”
thai union group is a thailand-based producer of seafood-based food products . it was founded in 1977 , and was listed on the stock exchange of thailand ( set ) on 22 november 1994 . thai union operates worldwide with plant facilities in france , ghana , poland , portugal , papua new guinea , the seychelles , scotland , vietnam , thailand and the united states . its business includes tuna , shrimp , sardines/mackerel , salmon , pet food , and value-added products ( prepared foods ) . 
thai union group is a thailand-based producer of seafood-based food products. it was founded in 1977, and was listed on the stock exchange of thailand (set) on 22 november 1994. thai union operates worldwide with plant facilities in france, ghana, poland, portugal, papua new guinea, the seychelles, scotland, vietnam, thailand and the united states. its business includes tuna, shrimp, sardines/mackerel, salmon, pet food, and value-added products (prepared foods).
thai union group is a thailand-based producer of seafood-based food products. it was founded in 1977, and was listed on the stock exchange of thailand (set) on 22 november 1994. thai union operates worldwide with plant facilities in france, ghana, poland, portugal, papua new guinea, the seychelles, scotland, vietnam, thailand and the united states. its business includes tuna, shrimp, sardines/mackerel, salmon, pet food, and value-added products (prepared foods).