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Thai Wah & Fuji Nihon Seal Strategic Partnership Deal

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After announcing on November 28, 2024, Thai Wah Public Company Limited (TWPC)—a prominent player in the agri-food sector across Southeast Asia—and Fuji Nihon Corporation (FNC), which is listed on the Tokyo Stock Exchange as a producer of food ingredients, have finalized the establishment of their strategic partnership known as Thai Wah Fuji Nihon Company Limited.

In the concluding equity distribution, TWPC retains a 51% holding, with Fuji Nihon Thailand Company Limited owning 49%. This partnership represents an important step forward for each company as they strengthen their abilities to grow internationally and drive innovation in the field of tapioca starch products.

This collaboration embodies a common objective to foster development, enhance value generation, and spur innovation within the agricultural food sector. Through the integration of cutting-edge research and development capabilities, this cooperation seeks to create superior tapioca starch items featuring innovative properties and uses. Additionally, it strengthens the robustness and adaptability of the worldwide supply network in addressing varied consumer demands.

Ho Ren Hua, CEO of Thai Wah Public Company Limited, stated, “We are enthusiastic about entering into this strategic alliance with Fuji Nihon Corporation. It marks an essential advancement toward achieving our common goals of innovation and superiority. By pooling our resources in both Japan and Southeast Asia, we aim to generate outstanding value for our clients and foster enduring expansion throughout the APAC market through various distinctive business-to-business offerings and platforms. Given the current international landscape, robust regional collaborations have become increasingly crucial for ensuring food safety and establishing resilient supply networks.”

Hidetoshi Soga, CEO of Fuji Nihon Corporation, remarked, “This collaboration underscores our dedication to advancing food ingredients and achieving operational superiority. By pooling our knowledge and assets today, we aim to reach significant achievements in years ahead, thereby generating enduring value for all our partners and international clientele.”

This deal supports TWPC’s overarching strategy to reinforce its role as a premier agri-food business within the Asia-Pacific area. By broadening its presence in the food ingredients sector, TWPC aims to broaden its range of products, expand into new markets, and achieve steady expansion, all while boosting shareholder returns via cutting-edge innovations and superior performance.

Provided by SyndiGate Media Inc.
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