Thai CP Foods sees improved sales after acquisition

Charoen Pokphand Foods, Thailand's largest agribusiness company, expects sales in 2012 to exceed 300 billion baht (US$9.55 billion) (€7.269 billion), boosted by its purchase of a Hong Kong affiliate, its president said. CP Foods agreed to buy 74.2 percent of Hong Kong-listed CP Pokphand Co Ltd (CPP) for US$2.1 billion (€1.598 billion), in November last year.

The acquisition of the majority stake will help CP Foods expand in China and Vietnam. In particular, it will get access to 28 provinces in China. The deal will also allow for better synergy between its animal feeds and farming businesses. "We are seeing stronger sales growth this year, driven by the acquisition of CP Pokphand," President Adirek Sripratak told reporters, adding the company had completed the purchase on January 18. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers.  To get your copy of  'PPLAPP' click here.

Charoen Pokphand Food chooses Melbourne as base

Thai food processing company Charoen Pokphand Food has chosen Melbourne as its base in Australia to expand exports of primary produce from Australia to its factories in Thailand. CP Australia's general manager Richard Lewis said "the aim was to diversify operations and source produce directly from Australia rather than through intermediaries." Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers.

Charoen Pokphand, agrees loan for US$250 million for expansion

Indonesia's largest animal feed and processed chicken manufacturer Charoen Pokphand, has secured US$250 million (€183.952 million) loan from foreign and local banks to finance its proposed expansion. The expansion includes a new plant to be built in Cirebon, West Java, as well as a possible plant in Bali. “The company is aiming to expand its feed mill production capacity from four million tons per year to five million tons per year,” the president director said. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers.