December 14, 2022 — Thai Union has topped the food industry rankings on the Dow Jones Sustainability Indices (DJSI), the company announced 13 December.
The seafood giant has been on the DJSI, a set of indices assessing the sustainability performance of thousands of publicly traded companies, for nine years in a row. This year, Thai Union ranked first in the Food Products Industry Index of the DJSI, which it was also granted back in 2018 and 2019.
April 18, 2022 — Thai Union Founder and Chairman Kraisorn Chansiri has resigned after receiving civil sanctions from Thailand’s Security and Exchange Commission for alleged insider trading.
In an 18 April, 2022, letter to the Stock Exchange of Thailand, where the company’s stock is traded, Thai Union said Chansiri and Thai Union Executive Director Chuan Tangchansiri will resign “in order to show their sincerity and prevent any negative impacts on the company.”
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April 1, 2022 — Nine individuals, including the founder and chairman of Thai Union, have been issued civil sanctions by Thailand’s Security and Exchange Commission after an investigation revealed they engaged in insider trading of the company’s stock.
Bangkok, Thailand-based Thai Union was founded by Kraisorn Chansiri in 1977, and has grown to become one of the world’s largest seafood companies, with USD 4.2 billion (EUR 3.8 billion) and USD 200 million (EUR 181.2 million) in net profit in 2020. Its shares are traded publicly on the Stock Exchange of Thailand.
June 29, 2021 — Avanti Frozen Foods Pvt. Ltd., a subsidiary of Thai Union, is recalling major branded and private-label shrimp in the United States because of the potential for salmonella contamination.
Affected brands include Safeway’s Waterfront Bistro, Whole Foods’ 365, Censea, Chicken of the Sea, Hannaford, Meijer, Open Acres, Honest Catch, and CWNO.
May 4, 2021 — Thai Union has announced its participation in the Ocean Disclosure Project, a global initiative where seafood businesses publicly share details on the sourcing of their seafood.
In a statement, Thai Union said its involvement is part of its efforts to realize its global sustainability strategy, SeaChange, as well as traceability and transparency commitments in its business operations.
April 19, 2021 — Chicken of the Sea is nearing two settlements in civil litigation launched against it in relation to its role in fixing the prices of canned tuna.
The El Segundo, California, U.S.A.-based company and its parent firm, Thai Union, have agreed in principle on two separate agreements with those who claim to have overpaid for tuna it sold between 2011 and 2015 – allegations that stem from a criminal case in which Chicken of the Sea served as a whistleblower.
March 3, 2021 — Thai Union has committed to full transparency in its international tuna supply chain by 2025.
The Bangkok, Thailand-based seafood company, which notched more than USD 4.1 billion (EUR 3.3 billion) in revenue in 2019, signed a partnership with The Nature Conservancy on Wednesday, 3 March, committing to full supply-chain transparency across its global tuna supply chains.
February 26, 2021 — The Global Aquaculture Alliance’s (GAA) Best Aquaculture Practices (BAP) certification program is collaborating with seafood companies Thai Union and Devi Seafoods – along with traceability firms Wholechain and Legit Fish – to promote traceability in supply chains.
Their partnership is developing real-time digital solutions that will facilitate direct transfer of data from BAP-certified facilities to BAP’s internal data systems to support tracing of products in companies’ supply chains. This integration program is expected to meet traceability data requirements from seafood companies, the marketplace, regulators, and BAP itself, BAP said in a statement.
February 22, 2021 — Bangkok, Thailand-based seafood giant Thai Union earned a record profit last year despite losses from its Red Lobster affiliate, the company said in its Q4 results report, released 22 February.
The company’s net income in the fourth quarter rose 38 percent year-on-year to THB 1.46 billion (USD 48.6 million, EUR 40 million) on the back of strong core business results. The company’s net profit reached THB 6.25 billion (USD 208 million, EUR 17.2 million) last year, an increase of 64 percent from 2019. Thai Union said this is the first time that its net profit has surpassed THB 6 billion (USD 200 million, EUR 164.7 million).
December 21, 2020 — Thai Union announced on Monday, 21 December, that one of its employees in Samut Sakhon has tested positive for the coronavirus, amid a resurgence of infections in the Thai province.
The seafood processing hub, located west of Bangkok capital, had seen no infection for 250 days before first case was detected last week.