Thai Union and V Foods to Expand Plant Based Food Businesses

Jul 2021

Thai Union Group PCL and V Foods (Thailand) Co., Ltd. have recently signed a memorandum of understanding (MoU) to develop and expand their plant-based food businesses. Under the MoU, the two companies will collaborate in exploring the utilization of Thai Union’s manufacturing facilities to produce both V Foods’ existing and new products. The two parties also intend to co-develop new product initiatives and to expand further into domestic and international markets where each of them has expertise.

V Foods (Thailand) Co., Ltd. is the owner of ‘V Farm’ which is currently Thailand’s leading brand in ready-to-eat sweet corn and corn milk. In 2020, the V Corn brand was rebranded to V Farm to cover a wider range of products including ready-to-eat Golden Sweet corn, ready-to-eat healthy set and steamed healthy sets, ready-to-eat plant-based products, and healthy beverages such as corn milk and pumpkin juice. V Foods has invested in More Food Innotech Ltd., a foodtech startup plant-based protein producer and distributor under the More Meat brand. The two companies co-develop plant-based fried Larb, which is made from splitgill mushroom with zero additives and branded as V Farm.

Thai Union is regarded as one of the world’s leading seafood producers and is one of the largest producers of shelf-stable tuna products with annual sales exceeding USD 4.2 billion and a global workforce of more than 44,000 people. Thai Union’s ongoing work on sustainability issues was recognized when the company was listed on the Dow Jones Sustainability Indices (DJSI) for the seventh consecutive year in 2020, and ranked number two in the world on the Food Products Industry Index.

(Sources: Thai Union Group; V Foods)

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