Charoen Pokphand Foods (CPF), a Thailand-based agro-industrial and food company with investments in 17 countries, posted THB541.9 billion (US$17.3 billion) in sales revenue in 2018 and THB15.5 billion (US$495.7 million) in net profits.
Sooksunt Jiumjaiswanglerg, CEO for agro-industrial business and co-president of CPF, said that CPF’s sales revenue based on local currencies grew 12 percent on a year-over-year basis. The annualized sales revenue should continue growing by 8-10 percent in 2019, thanks to continued growth in overseas operations following the expansion in aquatic and non-aquatic businesses.
Sukhawat Dansermsuk, CEO for food business and co-president of CPF, noted that driven by deep changes in consumer behaviors, the company emphasizes research and development to introduce food products that satisfy the palates of consumers in various countries. The company also stresses recipes that contain quality raw materials throughout the production chain and environmental-friendly packaging, he added. As distribution channels will compliment these strategies, CPF has teamed up with Taiwan-based HiLai Group to open Harbour, a seafood buffet restaurant at Iconsiam,
Charoen Pokphand is the world’s sixth largest poultry company and the third largest poultry company in Asia, with its poultry operations including broilers, ducks and table eggs. It is also the world’s largest animal feed company.
Activity in aqua business
Sujint Thammasart, DVM, chief operating officer for CPF’s aqua business, asserted that the outbreak of Early Mortality Syndrome (EMS) and localized diseases in several Asian countries has motivated the company to expand its aquatic production base. At present, the aquatic business is located in 8 countries – Thailand, China, Vietnam, Indian, Malaysia, the Philippines, Brazil and the United States. In 2018, the aquatic business generated THB74.513 billion in sales revenue. The sales revenue of that business is expected to rise by more than 15 percent in 2019 while net profits should grow accordingly, particularly that of the operations in Thailand.