Thai Union Frozen Products (TUF) yesterday signed a collaboration agreement with the faculty of science at Mahidol University to inaugurate the Thai Union Group's first global innovation incubator (GII), a project worth more than Bt100 million.
The GII’s primary purpose is to develop innovative research and studies of technology for tuna and other seafood-related products.
The GII will function as a central network and a global exchange hub of research-and-development data and technology transfer among scientists within the Thai Union Group.
Thirapong Chansiri, group president and chief executive officer, said Thai Union needed to leverage cutting-edge technology to develop its production processes and value-added product portfolio in order to achieve optimum efficiency and create the most sustainable growth. The GII would be a catalyst of Thai Union’s business and industry development. He said innovation was one of the group’s core strategies to accelerate its ambitious goal of US$8 billion (Bt260 billion) in annual revenues within six years.
He added that innovative technology required the cooperation of all key stakeholders including customers, consumers, business partners, government and academic associates. This will ensure that such innovation, once introduced to the market, will make commercial sense and meet the demands of discerning consumers all over the world.
Professor Dr Skorn Mongkolsuk, dean of the faculty of science at Mahidol University, said the institution placed great importance on the support and promotion of R&D activities in the areas of science, technology and innovative development in cooperation with the private sector.
Such initiatives will lead to a better quality of life, food security, job creation, a better economy and society and enhance Thailand’s ability to compete on the global stage, Skorn said.
TUF is regarded as the world’s largest producer of shelf-stable tuna products, with annual sales exceeding Bt100 billion and a global workforce of more than 35,000.