October 9, 2009
Thailand's CPF sees 10-percent sales growth next year
Charoen Pokphand Foods (CPF) forecasts its sales will grow by five to 10 percent next year.
Adirek Sripratak, president and CEO, said the company expects stabilised profit in the year to come, as the business model has been restructured.
CPF was previously heavily dependent on commodities, particularly on meat which prices are volatile, but the restructure has now turned the focus to ready-to-eat food, and animal feeds and CP brand development, said Sripratak.
