i-Tail Corporation PCL (SET: ITC), the world’s leading pet-centric company, reaffirmed that the company has continued its business partnership with major clients, as well as its focus on innovation to offer pet-centric products to meet requirements of its partners.
Pichitchai Wongpiya, CEO at ITC responded to the recent rumor on the co-manufacturing contracts, “I would like to reaffirm that the Company currently has co-manufacturing contracts from our clients. We are pleased that, as a pet-centric company, our global customers have trusted us to be a business partner in co-creating healthy, nutritious, palatable pet food products from quality raw materials. Our various innovative products are nutritional and have good taste – the quality that brands and customers are looking for in the long term.”
“ITC continues to work closely with our global business partners. We have been in the pet food manufacturing business for more than 45 years, and we also have a Global PetCare Innovation Center (GPCI) and i-Cattery, a state-of-the-art R&D center, where we study and develop cat food formulations. This provides assurance to all business partners that i-Tail’s cat food is not only nutritious but also with good taste and allows us to co-create new products, which gives us an advantage. In the next 1-2 years, we have several projects and new products in the pipeline,” added Wongpiya.
i-Tail has also adopted a policy to operate our business in accordance with sustainable development guidelines by emphasizing the importance of Environment, Society and Good Governance (ESG) which has been recognized by leading institutions.
In early trade on Thursday, the share price of ITC rose 2.44%, or THB0.40/share, to THB16.80/share, with a trading value of THB209 million.