Thai Union has officially opened its Innovation Hub in Wageningen, Netherlands, marking the latest expansion of its global innovation network. The Innovation Hub focuses on product and packaging innovation for the Group's ambient seafood brands. Around 4Thai Union product, process and packaging developers, nutritionists, sensory and consumer scientists, and innovators are working at or for the Innovation Hub, collaborating closely with Thai Union's brands and the Global Innovation Center (GIC) in Bangkok.
Thai Union has invested into a state-of-the-art innovation facility dedicated to market-driven innovation and product development. It will serve all the Group's shelf-stable seafood brands and support our consumers' need for tasty, nutritious and sustainable diets.
Thiraphong Chansiri, CEO and President of Thai Union Group, said: "With the Innovation Hub here in the Netherlands, we are strengthening our global innovation capabilities. Our GIC in Thailand focuses on fundamental research, especially on utilizing and valorizing our raw material. This work directly benefits our Innovation Hub in Wageningen, where we can quickly respond to the pulse of our markets through collaboration with our brands, our customers, and our consumers. Alongside our SeaChange(R) 2030 sustainability strategy, innovation will be our key differentiator to revitalize our products in our markets."
Patrick Tassignon, Senior Innovation Director Ambient Seafood, said: "We strategically chose Wageningen for its excellence in food science and nutrition. By partnering with Wageningen University & Research, start-ups, and other companies, we aim to embrace their knowledge and innovative spirit. This environment will inspire us to create groundbreaking innovations, driving our ambition to become the world's leading marine health and nutrition company."
Professor Ellen Kampman, Chair holder Nutrition & Disease at Wageningen University & Research, said: "Being able to collaborate with Wageningen University & Research, Europe's no. 1 university in nutrition and food science has attracted many multinational food companies to establish innovation centers here. Thai Union as one of the world's major seafood companies adds a marine protein element to the ecosystem of Wageningen - and we look forward to collaborative research with them. Welcome to Wageningen."
Capabilities of the Innovation Hub
The Innovation Hub is designed to drive innovation across Thai Union's brands and regions, offering advanced facilities to support the entire process from concept to market. Key features include:
Several product innovation projects Thai Union conceived or finalized in the Innovation Hub are already entering key markets, such as John West's ECOTWIST(R), the biggest packaging innovation in the category in the United Kingdom, which packs the same amount of tuna into a redesigned and lighter can, saving over 400 tons of steel, 1,500 tons of ingredients that consumers typically don't use, and avoiding around 65 tons of plastic shrink wrap or 300 tons of cardboard each year.
Now open, the Innovation Hub team will soon begin welcoming consumers, academia, partners, and customers for potential collaborations.
Thai Union Group PCL, the world's seafood leader, has had its foreign currency issuer credit rating affirmed at A with a stable outlook by the Japan Credit Rating Agency, Ltd. (JCR), reflecting the Company's strong brand power and high earnings stability. This foreign currency issuer credit rating is the same level as the sovereign credit rating of Thailand from JCR. The local currency long-term issuer credit rating by JCR was also assigned at A with a stable outlook. JCR highlighted Thai Union
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