On October 8, 2021, the board of directors of Kerry Express (Thailand) Public Company Limited (KEX) approved to incorporate a joint venture company with Betagro Public Company Limited and/or its subsidiary (BTG) under the name Kerry Betagro Company Limited (the JV Co) with the investment portions of 60% by KEX and 40% by BTG. The initial registered capital will be THB 1,000,000, with a plan to further increase to THB 50,000,000 during the first phase. With the key strengths of KEX and BTG, the JV Co's main business objective is to launch a forefront cold delivery platform driven by world-class technology, process engineering and ultimate user-experience across Thailand for the best customers experiences.