Thai Wah PCL or TWPC Moving Forward! Establishment of a new subsidiary “TWPC Investment (Cambodia) Company Limited” continually growth in tapioca starch business, supporting capacity expansion plan in order to strongly improved revenue-net profit in the long-term.
Mr. Ho Ren Hua, Chief Executive Officer and director, Thai Wah Public Company Limited (TWPC) disclosed that the Company has established TWPC Investment (Cambodia) Company Limited in order to manufacturing and distributing of tapioca starch products with registered capital of KHR 4,000,000,000 (equivalent to approximately Baht 35,200,000) and 100% held by the Company.
“The investment in new subsidiary in Cambodia is an opportunity to expanding a business and strengthening the production and distribution of the tapioca starch as Cambodia still have a plenty of land for planting cassava roots as well as surplus production. At the present, the availability of tapioca starch outputs has been insufficient to meet external demand” Mr. Ho Ren Hua said
Hence, TWPC Investment (Cambodia) Company Limited is expected to operate by the end of the year 2017, start with the production of cassava chips. After successfully operate a new subsidiary, the Company continually expand the capacity to meet the domestic and international demand as well as strong improvement revenue-net profit in the future and increase long-term shareholder returns.