Thai President Foods Public Company Limited was established on February 15, 1972 with an initial registered capital of 6 million baht through a joint venture between President Enterprise Co., Ltd. of Taiwan – providing manufacturing technology expertise and Saha Pattanaphibul Co., Ltd. - responsible for marketing and distribution. The founding objective was to produce instant noodles under the "MAMA" brand. The Company’s first Head Offices were located on New Petchburi Road, while the first factory was inaugurated at Nong Khaem District, Bangkok. After the first year, all the shares then were transferred to Thai shareholder who remains as the major shareholder until now. The Company have been listd the Stock Exchange of…show more content… Geographic: Urban and Suburban area
Psychological: Lower income people and those who preferred as desired.
In order to ship our products to Philippines, we first have to transport the products to Laem Chabang port. Mama factory is currently located in Chonburi which is only around 16 kilomaters from Laem Chabang port. As we are using the ocean shipping service from NYK, the company also offers the pick-up service from our factory to Laem Chabang port.
Instant Noodle: 1902.30.10.00
1902: Pasta, whether or not cooked or stuffed (with meat or other substances) or otherwise prepared, such as spaghetti, macaroni, noodles, lasagna, gnocchi, ravioli, cannelloni; couscous, whether or not prepared.
Custom Classification & Valuation
Export Tariff structure of Thailand for instant noodles
* Thailand Export Duty is exempted due to the agreement of ASEAN
Import Tariff structure of Philippines for instant noodles
Instant noodles that are imported goods into Philippines are levied on
1. Import Duty
According to the Philippines’s custom policy, all imported goods are subjected to pay 3% of value of products.
2. Value Added Tax (VAT)
According to the Philippines’s custom policy, it is 12% of the price of product.
3. Import processing fee
The Philippines has import processing fees that are normally assessed against items that require review or examination, certifications, quarantine or similar services that are required upon import.