February 5, 2008

Charoen Pokphand to focus operations growth in developing countries

Charoen Pokphand Group announced that it will continue to grow its operations by focusing on developing countries with strong economic prospects such as China, India, Russia and Vietnam.

Dhanin Chearavanont, chairman and CEO of Charoen Pokphand Group, said there are opportunities throughout the world that the organisation's agribusiness and food industry can capture.

Dhanin stated that the governments of China and Russia have approved the biotechnological and operational standards of the company, allowing for swine genetics to be imported from Thailand to the respected countries.

In addition, CP is currently undergoing construction of a fully integrated swine production facility in Russia to serve rising consumer consumption. Dhanin reiterated his confidence in Thailand's capabilities of deflecting threats from the US sub-prime crisis.

CP has sought out a strategy to turn competitors into allies by synergising agricultural exporters from around the world to decide upon the appropriate prices of products.