BANGKOK -- Thai Union Group, the world's largest producer of canned tuna, has begun developing a restaurant business as it tries to deal with the rising cost of canning brought on by a strengthening Thai baht and tighter rules over foreign workers.
The company's key tuna canning business is losing steam, with sales down 7%, year on year in the January to March quarter. CEO Thiraphong Chansiri told the Nikkei Asian Review on the sidelines of the Asia 300 Global Business Forum in Bangkok that the company will focus on the restaurant business as a new source of growth.
