The Tai Tong Food & Beverage Group (瓦城泰統集團) yesterday said it plans to grow its number of outlets in Taiwan and China from 77 to 95 by the end of this year and to more than 100 in the first half of next year.
“The company is continuing with its strategy of developing multiple markets with multiple brands this year to maintain our growth momentum,” TTFB chairman Charles Hsu (徐承義) told a news conference.
Tai Tong, which operates five restaurant chains, saw its net profit reach NT$253.47 million (US$8.11 million) last year, or earnings per share of NT$10.89 — the highest level since its listing in 2012 — and an annual increase of 3.72 percent from 2013.
Sales for the first two months of the year totaled NT$601.69 million, up 17.48 percent from the same period last year, according to a company filing with the Taiwan Stock Exchange.
This year, the group’s signature brand, Thai Town Cuisine (瓦城泰式料理), is to launch new restaurants in Taiwan’s second-tier and third-tier cities, Hsu said.
The number of Thai Town restaurants in Taiwan is expected to increase from 49 to 56 by the end of the year, he added.
However, Very Thai Noodles (大心新泰式麵食) will be the focus for Tai Tong in Taiwan this year, Hsu said.
Very Thai, the group’s newest noodle brand, has sold nearly 400,000 bowls of Thai-style noodles since it was launched in May last year.
As a result, Tai Tong aims to increase the number of Very Thai Noodles shops from six to 10 by the end of this year, while the total number of eateries in the nation is expected to reach 30 within the next three years, he said.
In China, Tai Tong plans to continue its expansion of the Thai Town brand, with the first restaurant in Suzhou expected to open later this year.
Hsu said the group’s number of outlets in China may be increased from four to seven by the end of this year.
NEW IDENTITY: Known for its software, India has expanded into hardware, with its semiconductor industry growing from US$38bn in 2023 to US$45bn to US$50bn India on Saturday inaugurated its first semiconductor assembly and test facility, a milestone in the government’s push to reduce dependence on foreign chipmakers and stake a claim in a sector dominated by China. Indian Prime Minister Narendra Modi opened US firm Micron Technology Inc’s semiconductor assembly, test and packaging unit in his home state of Gujarat, hailing the “dawn of a new era” for India’s technology ambitions. “When young Indians look back in the future, they will see this decade as the turning point in our tech future,” Modi told the event, which was broadcast on his YouTube channel. The plant would convert
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Property transactions in the nation’s six special municipalities plunged last month, as a lengthy Lunar New Year holiday combined with ongoing credit tightening dampened housing market activity, data compiled by local land administration offices released on Monday showed. The six cities recorded a total of 10,480 property transfers last month, down 42.5 percent from January and marking the second-lowest monthly level on record, the data showed. “The sharp drop largely reflected seasonal factors and tighter credit conditions,” Evertrust Rehouse Co (永慶房屋) deputy research manager Chen Chin-ping (陳金萍) said. The nine-day Lunar New Year holiday fell in February this year, reducing
Zimbabwe’s ban on raw lithium exports is forcing Chinese miners to rethink their strategy, speeding up plans to process the metal locally instead of shipping it to China’s vast rechargeable battery industry. The country is Africa’s largest lithium producer and has one of the world’s largest reserves, according to the US Geological Survey (USGS). Zimbabwe already banned the export of lithium ore in 2022 and last year announced it would halt exports of lithium concentrates from January next year. However, on Wednesday it imposed the ban with immediate effect, leaving unclear what the lithium mining sector would do in the
RSS