News Feed

Charoen Pokphand Foods (CPF) will follow its growth strategy, focusing on capacity expansion at its production facilities in Thailand and overseas to serve the export markets, as well as the opening of a new chicken processing plant for exports in Vietnam by the end of next year.
The company expects its second half performance to improve on its first half results, driven by its swine business in Vietnam which has enjoyed higher price, and the sales growth of its aquatic products .
Sooksunt Jiumjaiswanglerg, CPF's chief executive officer/agro industrial business and co-president, said the future growth of CPF will mainly be driven by its international business.
“We believe in the next five years, sales contribution from international business will increase significantly from between 67-68 per cent projected for this year to about 70 per cent, while the ratio of domestic sales in Thailand will decrease from between 32-33 per cent to 30 per cent," he said, adding that the ratio of contribution from international business was at 64 per cent last year.
“The company’s growth direction is to expand our production capacities in Thailand and abroad to supply the export markets " he said. 
He said that the company is investing US$250 million in the chicken processing plant in Vietnam. 
Located in Binh Duong province, in the south of the country, the plant will be completed by the end of next year and will export chicken products mainly to the Asian countries, including Japan.
So far, CPF has invested in 16 markets covering more than four billion consumers. The biggest chunk of its revenue comes from oveseas sales, mainly China and Vietnam. 
The company has witnessed better performance from its operations in the Philippine, India, as well as Turkey where its has switched the focus to animal feeds and processed foods. 

MODULAR SYSTEM TO ENTER THAI MARKET 
Siam Steel International Plc has confirmed that Lucky Building System, a business unit specialising in modular construction with an experience of more than 20 years in manufacturing and exporting to several countries, will start launching the modular building system and bathroom pods in Thailand. 
With two decades of experience abroad, the company has decided it is time to deploy innovations and penetrate the Thai market, which could help the Thai real estate industry to tackle the problem of quality and the shortage of workers. 
Kitichai Kunanantakul, managing director/business unit, Lucky Building System said that major developers have recently announced several projects that demand swiftness and quality, while conforming to the international construction standard. Their plans however, are hindered by labour-related problems.