Tuesday, May 17, 2011

CPF Focuses On India, Vietnam, Russia & Philippines

Charoen Pokphand Foods (CPF) has identified India, Vietnam, Russia and the Philippines as its top priorities for market expansion in the next five years. According to The Nation, they have been selected for factors such as potential growth in population, variety of consumption, low numbers of competitors and lack of farm technology.

Adirek Sripratak, president and chief executive officer of the company, explained: "We plan to access the market where we believe we can win."  The company's investment budget this year will be eight to 10 billion baht (THB) (US$264 million to US$330 million). Of that, 60 percent will be spent overseas, with heavy investment in the four countries mentioned. The aim is to increase overseas sales from 26 percent to 40 percent by 2015. Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers
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