New Thai instant noodle plant on the horizon

[geovalin]

Bangkok-based Thai President Foods PCL, the maker of the instant noodle brand Mama, has purchased land in the kingdom with the intention of building a factory for the production of its popular noodles. The firm, owned by the Saha Group and Nissin Holdings, is seeking more market opportunities overseas and plans to spend more than $6.19 million to set up instant noodle factories abroad in 2018, according to a report released yesterday in the Bangkok Post.

 

Petch Paniengvate, the head of the company’s department for overseas investment, said they have already bought a 6,400 square metre plot in Phnom Penh to build a Mama instant noodle factory. The executive did not say how much money will be invested or when will construction begin.

Thai President Foods already operates one factory in Phnom Penh.

 

Pipat Paniengvate, the company’s CEO, said Thailand’s instant noodle market is becoming saturated, with annual consumption per person amounting to 49 packages, more than three times the global average, which is 13.3 packages per person.

 

read more http://www.khmertimeskh.com/50100168/new-thai-instant-noodle-plant-horizon/

 

-- © Copyright Khmer Times 05/01

[RichardColeman]

So hope they build this on a flood plane.