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Thai Union innovation exec moves over to rival shrimp and feed giant CP Foods

The company reported a substantial 72 percent rise in earnings before interest, tax, depreciation and amortization to THB 81.7 billion (€2.2 billion/$2.7 billion) in February, with net profits rising 41 percent in their wake to THB 26 billion (€702.6 million/$858.7 million). The performance was an improvement from the previous year despite the COVID-19 outbreak and African Swine Fever (ASF) largely because of the company s adoption of advanced technology and innovations, including AI, in the production process, according to the group. The new technology includes new animal breeding and farming practices, the integration of bio-security measures, and effective and preventive measures against the spread of diseases in its shrimp and swine businesses.

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