Thai Union Frozen Products will put off its plans for a new shrimp processing plant, which was originally intended to be constructed by mid-2014, reported Bangkok Post.
The decision comes after disappointing results from the firm’s second financial quarter, which led the company to diminish its revenue projection from $4 billion (€3 billion) to $3.8 billion (€2.8 billion).
Wai Yat Paco Lee, deputy general manager at Thai Union, said the plans for the new shrimp factory to replace the old one had been shelved mainly due to the early mortality syndrome (EMS) crisis.
"Since
