Thai aquafeed manufacturer and distributor Thai Union Feedmill (TFM) has completed the incorporation and registration of its subsidiary in Ecuador with a USD 27 million (EUR 23.3 million) investment, the company announced to the Stock Exchange of Thailand.
The investment will go towards building an aquaculture production facility in the country. According to the announcement, TFM will invest USD 23 million (EUR 19.9 million) in the company for an 85.2 percent shareholding, followed by Avanti Feed with USD 3 million (EUR 2.6 million) for an 11.1 percent stake, and Pacific Aqua Solution (Pacsol) with USD 1 million (EUR 860,000) for 3.7 percent.
TFM said that it intends to increase the registered capital and restructure the shareholding, whereby the company Fevalri will invest another USD 3 million (EUR 2.6 million). With that investment, TFM would remain with a 76.7 percent shareholding, followed by Avanti Feed and Fevalri at 10 percent each, and Pacsol with 3.3 percent.
While it did not provide a date for that transaction, TFM said that the move will help to enhance its financial capacity and liquidity to support business operations, future growth, and expansion opportunities in Ecuador.
During the last director’s meeting on 12 February, TFM’s board gave the green light for the company’s Ecuadorian subsidiary to make an investment of up to USD 55 million (EUR 47.5 million) for the purchase of land, to contract factory construction, and to execute purchase agreements for machinery, equipment, and production-supporting tools in 2026.
The move seeks to take advantage of Ecuador’s rapid growth in the aquaculture industry and to further expand TFM’s operations beyond Thailand, reducing dependence on the local market and diversifying revenue sources. TFM noted at the time that its investment is expected to boost the company’s competitiveness, enhance overall business operations, and generate long‑term value for the company.
The new plant is expected to increase the company’s total production capacity by about 80 percent.
The actual plant construction and machinery installation is slated to take about two and a half years, with project completion and the launch of commercial operations expected for 2028.
