Charoen Pokphand Foods Plc (CPF), the SET-listed flagship of the Charoen Pokphand Group, plans to spend 1.53 billion baht to build aquatic feed plants and a pig farm in the Philippines.
The company will spend 1.4 billion baht to construct a shrimp-feed factory with a capacity of 30,000 tonnes per year in Cebu province and a fish-feed plant with a capacity of 60,000 tonnes per year on Luzon island.
It will also invest 125 million baht in a pig farm in Luzon, said Adirek Sripatak,CPF's president and CEO. Construction of the projects is expected to be completed next year.
"There is vast potential in the Philippines because of the country's large population," said Mr Adirek."The pig farm should be successful because of high pork consumption among the Philippine people."
Average pork consumption in the Philippines is about 15 kilogrammes per person per year, compared with 13 kg in Thailand.
CPF has also increased its overseas investments in countries such as Russia,Turkey and Vietnam to improve profit growth.
The company's net income rose to a quarterly record of 3.19 billion baht in the three months ended June 30, on improving earnings in its domestic and overseas aquaculture businesses, with six-month net profit rising to nearly 4 billion baht on sales of 75.4 billion.
CPF shares rose yesterday on the SET by 15 satang to 5.80 baht, in trade worth 143.658 million baht.
Tuesday, August 25, 2009
Wednesday, August 19, 2009
CP plans B2.6bn Henan property project
Charoen Pokphand Group is preparing to invest up to 2.6 billion yuan (13 billion baht) in a property project in Henan.
The new Chia Tai City Plaza project in Luoyang city will cover 120 rai, and feature a shopping centre, an entertainment complex, a hotel, an exhibition centre and official offices, including customs, a clearing house, and other public service centres, said Thanakorn Seriburi,vice chairman of CP Group - or Chia Tai Group as it is called in China.
Henan's local government said it would buy the 100,000 square metres for official service centres once construction was completed.
"Chia Tai City Plaza will be CP Group's biggest investment project in China,"said Mr Thanakorn."This project is likely to start over the next two months."
Construction will be in two threeyear phases. The plaza should be fully operational within six years.
CP also plans to invest $30 million in agricultural projects in Henan, starting with pig farming.
CP has a strong presence in the province since setting up a motorcycle plant with a production capacity of 500,000 units a year at Luoyang city in 1992.
Mr Thanakorn said Thailand and Henan province yesterday signed nine co-operation projects worth $827 million during a five-day trade mission. They are six joint-investment contracts worth $518 million and three trade contracts.
The investment projects include a $58.57-million rubber-glove production project in Puyang; a $30.06-million acid sodium export project in Zhoukou; a $30-million rubber plant project with Nan Shen Co in Zhoukou; a $20-million agro-industrial project in Zheng Zhou;and a $10-million project to produce microbial and environmentally friendly products in Zhumadian.
Under the deals, Thailand will ship rubber worth $200 million to the Feng Shen tyre factory in Jiaozuo, as well as tapioca and products worth $79 million to the Tian Guan Group in Nanyang.
Henan, home of the Shaolin Temple,also wants to co-operate further on tourism with Thailand, he said.
The new Chia Tai City Plaza project in Luoyang city will cover 120 rai, and feature a shopping centre, an entertainment complex, a hotel, an exhibition centre and official offices, including customs, a clearing house, and other public service centres, said Thanakorn Seriburi,vice chairman of CP Group - or Chia Tai Group as it is called in China.
Henan's local government said it would buy the 100,000 square metres for official service centres once construction was completed.
"Chia Tai City Plaza will be CP Group's biggest investment project in China,"said Mr Thanakorn."This project is likely to start over the next two months."
Construction will be in two threeyear phases. The plaza should be fully operational within six years.
CP also plans to invest $30 million in agricultural projects in Henan, starting with pig farming.
CP has a strong presence in the province since setting up a motorcycle plant with a production capacity of 500,000 units a year at Luoyang city in 1992.
Mr Thanakorn said Thailand and Henan province yesterday signed nine co-operation projects worth $827 million during a five-day trade mission. They are six joint-investment contracts worth $518 million and three trade contracts.
The investment projects include a $58.57-million rubber-glove production project in Puyang; a $30.06-million acid sodium export project in Zhoukou; a $30-million rubber plant project with Nan Shen Co in Zhoukou; a $20-million agro-industrial project in Zheng Zhou;and a $10-million project to produce microbial and environmentally friendly products in Zhumadian.
Under the deals, Thailand will ship rubber worth $200 million to the Feng Shen tyre factory in Jiaozuo, as well as tapioca and products worth $79 million to the Tian Guan Group in Nanyang.
Henan, home of the Shaolin Temple,also wants to co-operate further on tourism with Thailand, he said.
ICC helps Speedo build Asian sales
ICC International Plc, the fashion, cosmetics and swimwear distributor of the Saha Group, is expected to become a production hub for Speedo swimwear in Asia over the next two years.
Speedo expects Asia to contribute its highest growth in the next five years,and recently set up a regional office in Hong Kong.
ICC vice-president Chailert Manoonpol said the company was developing Asian sizes for Speedo, which before offered only international fits.
Speedo will move 20% of its production capacity from Sri Lanka to Thailand next year. Saha Group's capacity will rise to between 1.4 million and 1.5 million Speedo suits per year,from 1.2 million. About 70% of the output will be exported to Europe and Asia. Speedo has three production bases in China, Sri Lanka and Thailand.
"Thailand has good infrastructure and Saha Group provides better services and delivers products on time," Mr Chailert said.
Apart from Speedo, ICC is taking its own BSC swimwear brand international. BSC has been an official swimwear sponsor for the Miss Universe pageant for five years, including the one to be held on Aug 23 in the Bahamas.
"We have spent almost 100 million baht on sponsorship but got back more than that. The result is not only for swimwear but also for other products under the BSC brand," he said.
Sponsorship marketing has brought BSC an international brand image. As well, the company has learned more about women's body shapes globally and can adapt products accordingly.
"Through the Miss Universe contest,each year people in more than 84 countries see our products. We believe the BSC swimwear brand will be etched in consumers' memories," he said.
To strengthen its global image, ICC has renamed the brand "BSC International" and is dealing with foreign partners to export BSC swimwear.
Currently, BSC offers products in more than 10 categories from lingerie,to jeans, cosmetics, handbags, swimwear and food supplements.
BSC cosmetics and lingerie are exported to Vietnam, the Philippines,Indonesia, Laos and Burma and will be available in Japan, Singapore and Malaysia soon.
Currently, the market value of swimwear sold through department stores is estimated to be worth one billion baht. ICC sells four brands - BSC,Speedo, Streamline and Elle - with Speedo accounting for half of its sales.
Speedo expects Asia to contribute its highest growth in the next five years,and recently set up a regional office in Hong Kong.
ICC vice-president Chailert Manoonpol said the company was developing Asian sizes for Speedo, which before offered only international fits.
Speedo will move 20% of its production capacity from Sri Lanka to Thailand next year. Saha Group's capacity will rise to between 1.4 million and 1.5 million Speedo suits per year,from 1.2 million. About 70% of the output will be exported to Europe and Asia. Speedo has three production bases in China, Sri Lanka and Thailand.
"Thailand has good infrastructure and Saha Group provides better services and delivers products on time," Mr Chailert said.
Apart from Speedo, ICC is taking its own BSC swimwear brand international. BSC has been an official swimwear sponsor for the Miss Universe pageant for five years, including the one to be held on Aug 23 in the Bahamas.
"We have spent almost 100 million baht on sponsorship but got back more than that. The result is not only for swimwear but also for other products under the BSC brand," he said.
Sponsorship marketing has brought BSC an international brand image. As well, the company has learned more about women's body shapes globally and can adapt products accordingly.
"Through the Miss Universe contest,each year people in more than 84 countries see our products. We believe the BSC swimwear brand will be etched in consumers' memories," he said.
To strengthen its global image, ICC has renamed the brand "BSC International" and is dealing with foreign partners to export BSC swimwear.
Currently, BSC offers products in more than 10 categories from lingerie,to jeans, cosmetics, handbags, swimwear and food supplements.
BSC cosmetics and lingerie are exported to Vietnam, the Philippines,Indonesia, Laos and Burma and will be available in Japan, Singapore and Malaysia soon.
Currently, the market value of swimwear sold through department stores is estimated to be worth one billion baht. ICC sells four brands - BSC,Speedo, Streamline and Elle - with Speedo accounting for half of its sales.
Online lotteries ruled to be legal
The Council of State yesterday ruled online digit lotteries were legal, opening the way for the government to permit a private firm to start such a venture.
Prime Minister Abhisit Vejjajiva said the Finance Ministry would now consider whether the government should proceed with the Internet-based lotteries.
The Council of State was asked by the Government Lottery Office to interpret whether its long-delayed plan for Loxley Gtech Technology, a joint venture between Loxley and Gtech Holdings of the US, to provide such a service was legal.
Shares of Loxley jumped 5.4 per cent yesterday to Bt2.70.
Prime Minister Abhisit Vejjajiva said the Finance Ministry would now consider whether the government should proceed with the Internet-based lotteries.
The Council of State was asked by the Government Lottery Office to interpret whether its long-delayed plan for Loxley Gtech Technology, a joint venture between Loxley and Gtech Holdings of the US, to provide such a service was legal.
Shares of Loxley jumped 5.4 per cent yesterday to Bt2.70.
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