Chin Huay PCL

Charoen Industrial Company Limited (Public), or CH, a producer and distributor of processed fruits and foods including dried fruits, canned fish, and health snacks, took part in a ceremony to sign a memorandum of understanding on academic cooperation, or MOU, with Chiang Mai University, with the Faculty of Agro-Industry serving as the key unit driving the research and development collaboration. Mr. Prawit Srisaengnam, Chief Executive Officer of CH, revealed that this collaboration aims to jointly develop products, food technology, packaging, and production processes, as well as to enhance student potential and exchange knowledge, resources, and technology between the industrial and educational sectors. The long-term goal is to create a hub of cooperation between the university and the industrial sector to drive Thailand's agricultural and food industries toward sustainable growth. Professor Dr. Pongrak Sribanditmongkol, President of Chiang Mai University, said that this collaboration will connect the university's research with the needs of the industrial sector to propel it toward commercial innovation. Meanwhile, Professor Dr. Yuthana Phimolsiripol, Dean of the Faculty of Agro-Industry, said the faculty is ready to bring its knowledge, expertise, and research and innovation infrastructure to support everything from product and production process development and value creation to packaging innovation, in order to elevate Thailand's processed agricultural products to international recognition.

Charoen Utsahakam Public Company Limited, or CH, a producer and distributor of processed fruit and food products, reported that total monthly sales in July and August 2026 hit a record high, driven by its canned fish business, where sales nearly doubled to 200 million baht from 100 million baht. As a result, capacity utilisation rose to 90% from 70%, and gross margin improved, since the canned fish business carries a high gross margin of around 26%. About 90% of the company's canned fish sales come from exports, while sales of its dried fruit group remained flat because it has been unable to import fruit from neighbouring countries, particularly mangoes. Chief Executive Officer Prawit Srisaengnam said the company confirmed that current canned fish stock is still sufficient to meet demand, after flooding caused products on the shelves of leading supermarkets such as Tops to run low or sell out. He expects the canned fish business to reach 400 million baht this year, compared with normal growth of 200 million baht, lifting total revenue in 2026 to 2 billion baht from an earlier target of 1.8 billion baht.

Charoen Industry Public Company Limited (CH) has launched a new product under the SUMACO brand, a canned fish brand with over 50 years of history. The company introduced the SUMACO series of fish in olive oil to target health-conscious consumers, offering two flavors: sardines in extra virgin olive oil and sardines in extra virgin olive oil with chili. This product is part of the company's strategy to develop high-value products, elevating its ready-to-eat food portfolio, particularly the canned fish segment, which is growing in line with the trend toward quality food consumption. The products will be available through online channels such as Shopee and leading supermarkets including TOPS Supermarket, FoodLand, Gourmet Market, Villa, and Lotus, with the goal of expanding into the health-conscious market both domestically and internationally.

Charoen Industry Company Limited, or CH, has revealed its business plan for the second half of 2026, saying the outlook is improving thanks to rising purchase orders and a push into higher-value products, while also upgrading factory efficiency with the LEAN system to reduce costs and build sustainable earnings growth. Chief Executive Officer Prawit Srisaengnam, Chief Financial and Accounting Officer Sorakrit Rodthim, and Assistant Chief Commercial Officer Jirada Srisaengnam provided the information at the listed company investor event, the Earnings Call or OPPDAY, organized by the Stock Exchange of Thailand.

Charoen Industry Public Company Limited, or CH, is signaling a clear recovery in the third quarter of 2026, driven by rising orders across multiple product groups. The company is pushing a strategy of launching new products and expanding in the domestic market while broadening its new customer base in America and Europe, promoting higher value-added goods and reducing reliance on traditional products. Chief Executive Officer Prawit Srisaengnam said the business direction for the second half of 2026 is set to improve significantly. The dried fruit group has continuous orders and is shifting plans to focus more on the domestic market, while the canned fish group remains on a positive track, expanding distribution channels for SUMACO products through convenience stores, supermarkets, and online platforms, and launching canned fish in olive oil to target health-conscious consumers. The healthy snack group continues to develop new products and is increasingly reaching economies of scale. The company is also applying LEAN systems and machinery technology in its factories to cut costs and improve long-term efficiency, while managing liquidity, controlling inventory, and maintaining appropriate trade receivable quality.

Charoen Industry Company Limited, or CH, views the baht's weakening trend as a positive factor for export revenue, which is its main income source accounting for about 72 percent of total revenue. The company maintains its 2026 revenue target at around 1.7 to 1.8 billion baht, amid plans to expand its customer base and launch new products. At the same time, the company is studying product price adjustments to reflect higher raw material and energy costs, with a conclusion expected in the second half of this year. It is also moving forward with strict financial discipline through appropriate liquidity and inventory management to cope with long-term volatility.