ShapeShapeauthorShapecrossShapeShapeShapeGrouphamburgerhomeGroupmagnifyShapeShapeShaperssShape

Sponsor message

As a pioneer in the aquaculture industry,
INVE has always been about enabling growth

CPF Now No.1 Asian Agribusiness Conglomerate

02 May 2012, at 1:00am

THAILAND - Bangkok Bank recently teamed up with four other banks to arrange a US$740million (23 billion baht; THB) facility for the acquisition of CP Pokphand Co (CPC) by CPF Investment, a subsidiary of Charoen Pokphand Foods (CPF).

Krungthai Bank, CIMB Thai Bank, Thanachart Bank and Industrial and Commercial Bank of China (Thai) were the other banks, reports The Nation.

CP Pokphand (CPP) does business both in China, with a focus on animal feed, and in Viet Nam, with a focus on fully integrated agribusiness.

The purchase will make Thailandbased CPF Group the largest agriculturalindustrial conglomerate in the Asia-Pacific region with operations in 12 countries covering three billion consumers.

Chartsiri Sophonpanich, president of Bangkok Bank, said both China and Vietnam were countries with great potential for economic expansion. They will enjoy higher levels of consumption and that will spur even greater demand for products from Charoen Pokphand Foods (CPF).

He said: CP Group is one of the outstanding success stories of Thai companies going offshore and CPF is a shining star in CP Group, with investments in 12 countries around the world.

CPP is the second-largest animal feed supplier in China, with four per cent of the market. Its distribution network spreads over 28 provinces and special territories.

Besides animal feed, which accounts for 95 per cent of its business in China, CPP is also involved in the marketing of antibiotic veterinary drugs and the production of motorcycles.

In Viet Nam, CPP is the largest producer of animal and aquaculture feed. It is the leader in commercial farming of swine, poultry and shrimp and is also active in food production, which is growing strongly.

The Nation report quotes Mr Chartsiri saying that Bangkok Bank has great confidence in CPFs vision and competency and was pleased to support the acquisition of CPP, which will lead to synergies and economies of scale that will support the continued success of CPF.

Learn more
Sponsor message

The growth story of Nireus, Greece

Like all Mediterranean producers, Nireus has a strong need to market their product as fresh, affordable and high quality fish, with traceability as an important asset. Building a stable future for the company on both technical and business knowledge, Nireus realizes that a healthy economy in aquaculture can only be built on healthy fish.

Discover more growth stories