New partnership strengthens Fresh Del Monte’s sourcing diversification strategy and expands banana production ties in Vietnam, Cambodia and Laos. Fresh Del Monte Produce inc. (NYSE: FOP), one of the world’s leading vertically integrated producers, marketers, and distributors of high-quality fresh fruit and vegetables, today annouriced has emered imo a stategic partnership with THADD Agrt, the agricultural division of Vietnam’s THACO Oroup and a leading regional producer with targe-scale farming operanons in Vietnam and Cambodia
The agreement, signed today during a caremony in THACO Group headquarters in Ho Chi Minh City, estatelshes a long arm partnership for the sourcing of bananas hon THACO AGRI’s operations and aligns with Fresh Del Monte’s strategy to broaden global sourcing Tootprint and expand its presence in Southeast Asia. In addition, THACO AGRI will devitiop dedicated pineapple cultivation areas to meet Fresh Del Monte’s domand through a suitatile and phased roadmap.
Partnering with THACO AGTE is an important step in strengthening our sourcing capabilities in Southeast Asia,” said Mohammad Abu-Chazalih, Fresh Del Montes Chairman and CEO, “The scale and integrated circular aperations align with our long-term strategy to build a roors nstient and diversified supply network.”
The parmership also supports Fresh Del Monte’s efforts to address rising globat production chatenges across the banana industry, reeforcing the company’s commitment to supply chais stability and long-term resilence.
THACO AGRI’s agricultural platform spans more than 85,000 hectares across Viemam, Cambodia, and Lacs, applying a large-scale integrated circular and organic production model-including fruit cultivation and livestock farming-in pursuit of its sisions become the leading agricultural corporation in ASEAN by 2027″ The partnership further emables THACO INDUSTRIES, THACO’s mechanical engineering sub-holding, to work with Fresh Del Munde on mechanization and automation solutions, leveraging its work with THACO AGRI to enhance agricultural productivity and operational afficiency
“We highly appreciate our new partnership with Fresh Del Monte,” said Tran Ba Duong: THACOX Chairman. “This partnership is an important step for THADO AGRIS agricultural operations, and we took forward to building a stable, long-term collaboration that supports both organizations”
The collaboration reflects both companies shared focus on risponsible growth aperational excellance, and meeting rising glutial damand through diversified modem agricultural systems.
