CP Foods to invest Bt5 BN for expansion in 2013

The company’s CEO, Adirek Sripratak, said that 55 per cent of its total sales would come from investments overseas, about 36-37 per cent from the domestic market and 7-8 per cent from the export market. This is a part of its business plan to boost sales to Bt600 billion in 2015.

Of the company’s investment plan for 2013, 60 per cent will be for expansion in 12 countries where the company is already invested in and 40 per cent 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.

The company believes that its total sales will achieve Bt350 billion at the end of this year, up 66.67 per cent from its total sales of Bt210 billion in 2011. About 55 per cent of total sales will come from its investments in 12 countries in the world, and the next 37 per cent from the domestic, as the rest eight per cent from export market.