The Company’s core businesses are divided into three main categories: The tapioca starch and starch-related products, the food products, and the biodegradable products distributed to local as well as international markets.
All of which are manufactured and sold by the Company and its subsidiaries, namely Thai Nam Tapioca Company Limited, DI Company Limited, Thai Wah Alpha Starch Company Limited, Tay Ninh Tapioca Joint Stock Company, Vietnam Tapioca Company Limited and Tapioca Development Corporation Limited. The Company’s products in this category includes tapioca flour and starch, modified starch, glucose syrup, tapioca pearl, alpha starch, rice flour and starch, and organic products
Vermicelli and noodle products are manufactured and sold by the Company, with vermicelli as the main product. The raw materials for vermicelli and the other noodle products are pea starch, potato starch, tapioca starch, and rice. The Company’s products in this category include bean vermicelli, rice noodles, rice vermicelli, starch, flour and pearl, meal kit and instant noodles, and more
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Thai Wah has innovated “ROSECOª series”, which is a unique type of thermoplastic starch resin, derived from tapioca starch. It can be used in various applications from single-use packaging (shopping bags, plastic packaging, or plastic bottles and utensils), agricultural, consumer goods, etc.
The Company and its subsidiaries had invested in real property by possessing many pieces of land with great investment prospects in almost all regions of Thailand (i.e. in the north, upper part of the northeast, central, east, and west). Land investment represents less risk than investment in other assets because land is unlikely to depreciate. The Company expects to derive returns from a higher selling price which is expected to increase in the future as Thailand’s economy improves. Currently, the Company and its subsidiaries have no development plans for such properties.
The Company has invested in the ordinary shares of Laguna Resorts & Hotels Public Company Limited and Tropical Resort Limited and is currently holding 2.09 percent and 19.80 percent of the total paid-up capital of each company, respectively. The purpose of investing in these non-core businesses is to diversify the Company’s business risks. By investing in such ordinary shares, the Company expects to derive returns in the form of dividends.
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