July 12, 2010
Thai's CP Group invests in a multi-billion dollar China unit
Charoen Pokphand Group of Thailand, who had its original start in China, has launched a multi-billion dollar investment plan for its Chinese unit, the Chia Tai Group.
Focusing on Charoen Pokphand's food products, this is part of the planned expansion into China, with major retail, real estate projects and hypermarkets.
The Chia Tai Group's planned new investments in retail operations would see the increase of its Lotus Supercenters, expanding from the present 73 centres to over 1,000 over the next decade. They also have targeted sales of CNY12 billion (US$1.77 billion), up from CNY11 billion (US$1.62 billion) last year, which is focused on promoting its CP brand ready-to-eat foods in China.
