Toyota Tsusho Corporation (Toyota Tsusho) has collaborated with a major livestock farming, feed manufacturing and sales company, SPM FEEDMILL Co., Ltd. (SPM), to establish PG AGRO Company Limited (PG AGRO), a feed ingredients sales company in Thailand's Ratchaburi Province.

Toyota Tsusho is making efforts to expand its overseas business area by achieving stable procurement and supply of grain in cooperation with partner companies in various countries. SPM has one of the top domestic shares in the manufacturing of mixed feed for pig farming, and has a high level of knowledge of mixed feed manufacturing and a wide sales network in Thailand.

In Thailand, meat consumption is rising steadily, and 80 to 90% of this portion is chicken and pork. The number of pigs in farming is increasing year by year, and the feed market for pig farming is also expanding. PG AGRO will mainly procure and sell soybean meal as a feed ingredient to mixed feed manufacturing companies including SPM and to livestock farmers.

Using Toyota Tsusho's strengths, including its grain trading know-how which have been cultivated throughout long years and its strong networks of grain producers and grain companies, along with SPM's logistic facilities and local sales strength, PG AGRO will contribute to the growth of the domestic livestock industry in Thailand through the supply of ingredients for mixed feed. Toyota Tsusho will accelerate the development of the grain business in Southeast Asian markets, including Thailand, and make further efforts toward the construction of a global value chain and a stable supply of feed ingredients in emerging countries.

Joint Venture Company Overview

Overview of SPM