Market for Alternative Investment (mai) will list Nutrition SC pcl – an importer, manufacturer and distributor of additives for human food and animal feed – on Feb 9 under the ticker symbol “NTSC”. The company has a market capitalization at its initial public offering (IPO) of THB 2.63 billion (appox. USD 80.26 million).
mai President Prapan Charoenprawatt said NTSC will be listed and start trading on mai in the Agro & Food Industry industry group.
NTSC imports, produces and distributes food ingredients, condiments, flavorings, nutritional supplements and seasonings for human food that its customers use for their food preparation. Nuevotec Co., Ltd., NTSC’s wholly-owned subsidiary, imports, manufactures and distributes animal feed additives. Samphran district of Nakhon Pathom province (west of Bangkok) is home to NTSC group of companies’ factories and the 9,201-square meter warehouses. The group imports products from more than 100 quality sources across the world to supply to diverse customers locally including manufactures of food, processed food, seasonings, dietary supplements, beverages, and business operators engaged in medicine, herbal product, cosmetic and animal feed industries. Imported products account for more than 90 percent of all sales. In the first nine months of 2022, sales of additives for human food and animal feed generated 90 percent and 10 percent of total revenue respectively.
NTSC has a paid-up capital of THB 50 million, consisting of 75 million existing common shares…
mai welcomes food additive supplier NTSC on Feb 9 – SET News
