Sharechat Logo

T&G Global to open new Thailand office

Tuesday 21st June 2016

Text too small?

T&G Global, the fruit marketer controlled by Germany's BayWa, is opening a new office in Thailand as it looks to further its global expansion after posting an 83 percent gain in profit last year.

In notes from its annual meeting posted to the NZX, chief executive Alastair Hubert said T&G would shortly open a new office in Bangkok, adding to its Asian footprint with an office in Shanghai, China. 

"This expansion builds on our new joint venture with Zespri and will be a gateway into the region not only for sales of kiwifruit but other categories as well, notably our popular Jazz and Envy apples," Hubert said.

In February, T&G reported an 83 percent gain in annual profit to $19.5 million in 2015. 

Hubert said the company had given its staff a results-based incentive payment for the first time in 2015, and discussed 'Strategy 2022', "an evolution and optimisation of T&G's current strategy."

The strategy will focus on sustainable growth, accountability, diversity, and health and safety, he said without providing details. 

The company's shares were unchanged at $2.75 and have gained 31 percent so far this year.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report