GFPT’s new poultry processing facility worth 4 billion baht in Chonburi with 150,000 birds/day capacity is on track to begin operating by 2020.
The new plant will be equipped with further processing lines capable of supplying 1,500 tonnes/month in the first phase. It has also expanded broiler production to 384,000 birds/day by 2020.
Another 24,000 tonnes of further cooked production will begin by 2022.
An analyst has claimed that GFPT’s net profit in Q4 will be pressured by low gross margins resulting from declining export sales, low byproduct prices and the increasing cost of corn.