March 7, 2011
 
CPF invests money to enhance farm businesses
 

Charoen Pokphand Foods Public Company Limited (CPF) plans five year investment of THB40 billion (US$1.31 billion) to enhance its farm, farm-related and food businesses.
 

The investment is catered to both domestic and overseas markets through 2015, revised upward from the earlier THB30 billion baht (US$984 million), to become one of the world's leading food suppliers, said Adirek Sripratak, President and Chief Executive Officer of CPF.
 
The present increase in food prices are expected to increase CPF's sales and net profits on year from overseas operations, he said, adding that this year would see the expansion of existing overseas businesses as well as investments in CP operations in Cambodia, Russia and Malaysia and other overseas countries, from 26% in 2010 to 40% in the next five years.   
 
CP's Chicken exports continue to stay as the major income contributor with overseas shipments of 90,000 tonnes this year with shrimp products export revenue forecast to rise by 40% on volume of 70,000 tonnes.

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