December 7, 2018

CP Vietnam celebrates 25 years of operations

 

CP Vietnam Corporation (CP Vietnam) celebrated the 25th anniversary of its operations in Vietnam with a promise to continuously promote sustainable economy in the country based on its core philosophy "3-Benefit to Sustainability for the Country, People, and Company."

The company marked its success with a recognition from the Vietnamese government as it became the first-ever Thai company to receive the Order of Labour (3rd class Award).

 

CP Vietnam has created solid business performance toward sustainability principle throughout its 25 years of operation, according to Sooksunt Jiumjaiswanglerg, CEO of Agro Industrial Business and co-president of Charoen Pokphand Foods PCL (CP Foods).

He added that CP Vietnam focuses on improving the capacity of all stakeholders and contribution to the society.

"The company would like to express our utmost gratitude toward the government of Vietnam for 25 years of support. Moreover, we would like to thank farmers who work with us, our employees and Vietnamese consumers for supporting our products," Montri Suwanposri, president of CP Vietnam, commented.

He explained that the company is operating agro-industrial businesses, including its "Feed – Farm –Food" model. The company has also created jobs for over thousands of families across Vietnam.

"CP Vietnam is one of an outstanding taxpayer of Vietnam for several consecutive years. In addition, the company's revenue also directly supports CP Foods business," Suwanposri said.  

In 1993, CP Vietnam was established as a food conglomerate, covering both livestock and aquaculture businesses. Currently, it has more than 20,000 employees. Over 98% of the staffs, including high-level managements, are Vietnamese.

The company produced five million pigs, 200 million eggs and 80,000 tonnes of chicken product in 2017, Jirawit Rachatanan, CP Vietnam's executive vice president of swine business, pointed out.

 

Some of those outputs were provided by local contract farmers. The contract farming model can greatly mitigate the risk of fluctuating product price, CP said. Particularly, 2,410 of its contract farms were not affected by low pork price, which plagued the local pig industry a couple of years ago. Many independent farmers were severely affected, with some of them having gone out of business.

 

Rachatanan added that, in addition to farming, 546 CP Pork shops are operated by local entrepreneurs. The CP Pork shop initiative has created jobs for locals as well as improving food safety.

CP Vietnam also reported a significant progress in poultry business. It has recently invested in the first phase of a poultry processing complex for export production. The facility is considered to be the most modern chicken processing facility in Southeast Asia with a capacity of one million chicken per week.

In addition, the company is exporting around 20,000 tonnes of products made from shrimp and pangasius dori to Japan, England, Australia, China and Europe annually, said Adisak Torsakul, the company's executive vice president who is in charge of its aquaculture business.

He added that CP Vietnam has made a significant success in mitigating risk of the shrimp disease outbreak with its "CP Combined Model." The approach, which transfers many of the industry's best practices to small scale farming, has gained approval from both farmers and the government. It also helps the farmers to maximise the production and lower fatality rate.

"The achievement in Vietnam's combined shrimp farm has become a role model for CP Foods' business across the world," Torsakul said.

 
In term of industry development, CP Vietnam has introduced modern farming technologies and techniques to local farmers, helping them to improve outputs and achieving sustainable status.

 

Subsequently, farmers' quality of life is greatly improved in the past two decades, CP Vietnam said.

 

- CPF