Thai meat processor Charoen Pokphand Foods PCL (CPF) has reported an 8% year-on-year boost in net profits in 2017, driven by growing overseas business interests.
A rise in overseas business helped Thai processor Charoen Pokphand Foods (CPF) to increase its sales for the first nine months of the year by 8% to Bt372.024 billion (bn).
Over 1,000 chicken farmers will receive a certificate from Thailand’s government that states the broiler growers adhere to strict anti-slavery standards.
Talks to acquire a top Russian meat factory, the Ostankino Meat Processing Plant (OMPP), could be concluded by Thailand's CP Foods arm Charoen Pokphand Foods (overseas) LLC (CP Foods) next month.
Thailand’s Charoen Pokphand Foods (CP Foods) has flexed its financial muscles with a $1.075bn takeover of frozen specialist Bellisio Foods and a 33% stake in Poland’s SuperDrob.
Thai poultry producer Charoen Pokphand Foods’ (CP Foods) operational profit in the third quarter of 2016 reached Baht122.5 billion, an increase of 10% while net profit jumped up 45% to Bt5.2bn compared with the same period last year.
In a further example of tightening food industry trade links between Australia and China, a South Australia-Shandong consortium has agreed to build an A$70m (US$50m) agricultural consolidation park in Adelaide to supply premium food and wine to China.
Adelaide-based meat manufacturer Thomas Foods has signed an agreement with Thai processor Charoen Pokphand Group that is expected to result in the construction of a new processing plant in South Australia.
Industry leaders, researchers and scientists wound up a three-day international poultry show and seminar in Dhaka on Saturday (21 February), vowing to improve food safety to help create a substantial Bangladesh processed chicken export sector by 2018.
If it wasn’t bribery, then who was it, Thais have been asking after food conglomerate Charoen Pokphand Foods strongly denied the payments it had been making to journalists were anything other than a "special budget to support the media”.
While it is expected that the Shuanghui takeover of Smithfield Foods will take place once it is rubber-stamped by American authorities, the union will hardly be blessed in the US.
