Thailand-based packaged food manufacturer Thai Wah Group has launched a THB100m ($3.1m) corporate venturing subsidiary to invest in the food supply chain.
The unit, which is yet to be named, will target food and technologies related to Thai Wah’s core business, including food processing, farm technology and bioplastics.
The vehicle is expected to be formally registered by the first quarter of next year and will be funded by the corporate’s working capital. The most active corporate venturer participant in Thailand’s food sector has so far been Thai Union, owner of a portfolio including Aleph Farms.
