January 8, 2013

 

Charoen Pokphand Foods to boost sales to THB600 billion (US$20 billion) in 2015
 
 

 

As part of its business plan to bolster sales to THB600 billion (US$20 billion) in 2015, Charoen Pokphand Foods' CEO, Adirek Sripratak, said that 55% of its total sales would come from investments overseas, about 36-37% from the domestic market and 7-8% from the export market.


Of the company's investment plan for 2013, 60% will be for expansion in 12 countries where the company has already invested in and 40% will be for the domestic market. Most of its investment in 2013 will be on existing projects at home and abroad, he said.


"Currently, we have investments in all strategic countries, including the Asean Economic Community (AEC) countries, as a result we will not invest in a new country. We will spend the budget to develop our existing projects in 12 countries and in the domestic market," he said.


He added that in 2013, the company also plans to acquire two businesses for which negotiations are on. If the deals are concluded, the company's total sales will increase more than estimated. He declined to reveal the names of the business.


CPF believes that its total sales will achieve THB350 billion (US$11 billion) at the end of this year, up 66.67% from its total sales of THB210 billion (US$7 billion) in 2011. About 55% of total sales will come from its investments in 12 countries in the world, and the next 37% from the domestic, as the rest 8% from export market.