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Ciptapangan Visitor
CP Foods’ Thailand to Invest $50 million in hatchery & farming complex
posted by admin on 17/05/06

Revenue could outstrip that of chicken in 3 years

In the third quarter of 2006, according to Adirek Sripratak, president of Charoen Pokphand Foods, the company is preparing to open a $50 million hatchery and shrimp farming complex in Trat Province. Mr. Adirek said it would be a world-class, integrated, bio-secure facility. With this expansion, revenue from shrimp could exceed revenue from chicken within three years, he added!

The shrimp complex is not far from an existing CPF processing plant in Rayong, so it will be able to offer fresher products and save on transportation and other costs.

In 2005, CPF's sales rose to over $3 billion from $2.5 billion in 2004. It projects 10% growth in sales in 2006.

Source: Bangkok Post. CPF poised to open B2bn shrimp complex (http://www.bangkokpost.com/Business/29Apr2006_biz40.php). Woranuj Maneerungsee. April 29, 2006.




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