ICHI spins off premium fertiliser line, forms JV with Ek Yong Wong, targeting 1.5 billion baht revenue in 3 years

Corporate ActionEarnings
โดย ทันหุ้น·TH·Read original
Summary · why it matters

Ichitan Group Public Company Limited, or ICHI, has announced a spin-off into a new business of distributing premium fertiliser through the formation of a joint venture with Ek Yong Wong Group Company Limited, a major Thai fertiliser producer and distributor. Mr. Tan Passakornnatee, Director and Managing Director, disclosed that the company targets within 3 years for Tan Fertilizer Company Limited, the joint venture in which ICHI holds 51%, to have revenue of 1.5 billion baht and profit of 135 million baht. Operations are expected to begin around May 2027. In the initial phase, the Ek Yong Wong group will transfer the premium fertiliser brand Rampatec, which has been marketed for about 3 years and had latest sales of approximately 70 million baht per year, into the JV, and will purchase fertiliser from the JV for distribution worth about 400 to 500 million baht. Mr. Thanapun Kongnuntha, Deputy Managing Director of the Beverage Business Line, said that operating results in the second half of 2026 will grow over the first half, which had revenue of 4.09163 billion baht and net profit of 595.77 million baht, driven by orders from both existing and new customers, benefiting from weather conditions and the government's Thai Help Thai Plus measures. He also expects revenue this year of 9 billion baht, up from 8.23986 billion baht last year.

Impact on stocks 1

Consumer Staples▲ · 1 stocks

Off-coverage companies 2

Ek Yong Wong Company LimitedPrivate▲ Positive
Capitalrelevance

Ek Yong Wong forms a JV with ICHI, transferring its Rampatec premium fertiliser brand into the venture.

Tan Fertilizer Company LimitedPrivate▲ Positive
Demandrelevance

The JV Tan Fertilizer is set to receive the Rampatec brand and 400-500m baht of purchase orders from Ek Yong Wong.

© 2026 MarketDXNews