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Glico considers expanding presence in Thailand

Glico considers expanding presence in Thailand, Ezaki Glico Co, Glico Frozen (Thailand), Asia packaging, Thailand packaging
THAILAND –
Japanese confectionery giant Ezaki Glico Co is considering increasing its investment in Thailand, following the start of local manufacturing and launch of its ice cream brands in the country in January 2016.

Glico Frozen (Thailand), a wholly owned subsidiary which Glico established in June 2015 with a registered capital of BHT 200 million (US$5.64 million), recently started manufacturing ice cream and launched the products in both traditional and modern retail stores in Thailand.

According to Kiyotaka Shimamori, managing director of Glico Frozen (Thailand), there is huge opportunity for growth because about 55% of ice cream products in Thailand are currently priced below BHT 15 (US$0.42) each… For the full story, subscribe to Packaging Business Insight Asia here.




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