Thai Wah Plc, a starch and starch-based food company, is optimistic about the global economy in 2023 and projects revenue growth of nearly 20% to 12-13 billion baht.
Food is essential for every life. But the prolonged coronavirus pandemic, coupled with severe climate events, the crisis in Ukraine, and most recently food protectionism by countries including Indonesia, Malaysia and India, have caused shocks across the global food supply chain.
Thai Wah Plc, a starch and starch-based food company, plans to allocate 2 billion baht to boost its businesses through various projects, including mergers and acquisitions (M&As).