SET-listed President Bakery, the producer and distributor of bakery products under the Farmhouse brand, has disclosed plan to invest Bt 1 billion (US$39.2 million) on a new flour mill.
The new mill will be located at Bang Pakong district in Chachoengsao province and construction is set to start soon in mid-2026 with completion by 2028. It will have an initial production capacity of 250 tonnes daily.
Despite rising construction costs due to the Gulf Crisis, the company will continue with its investment plan as it seeks to improve control over flour quality and production consistency, as well as securing wheat flour at better prices, said its Managing Director Apisate Thammanomai.
Thammanomai also highlighted the rising price of plastic film by 20-30%, while wheat prices and maritime freight costs have also increased. Elevated fuel prices also present a challenge for the company, which operates 1,200 distribution trucks nationwide, raising total costs by 3-5%.
Despite rising costs, President Bakery has no intention to increase its product prices. Instead it will delay new product launches and temporarily halt production of certain items during off-peak periods. To offset high energy costs, President plans to expand the use of electric vehicles and invest in solar panel for electricity generation.
