Thai President Foods Plc, the producer of Mama instant noodles, is set to invest an additional 300 million baht to double production in Hungary. Pun Paniangvait, manager of the president's office, said Thailand's instant noodle market is estimated at 20 billion baht a year and has experienced moderate growth in the first half of this year. In terms of volume, it expanded only by 1-2%, while its value increased by 5-7%. With this outlook, the company has shifted its focus to the international market. It intends to increase the registered capital of Thai President Hungary, its subsidiary, to 600 million baht, from 300 million baht. The new capital will be mainly used to install new machinery and establish a new factory.
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