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March 20, 2015

CP Foods “investing in international growth” – reports

Thai food group Charoen Pokphand Foods reportedly plans to invest THB20-25bn ($611-763m) in 2015 to drive international expansion and M&A.

Thai food group Charoen Pokphand Foods reportedly plans to invest THB20-25bn ($611-763m)  in 2015 to drive international expansion and M&A. 

According to Reuters, CPF is will hold this level of investment steady over the next five years in order to support its growth ambitions. The company, which produces chicken, shrimp and pork products, has targeted annualised sales growth of 10%.  

CPF currently generates around two-thirds of its revenue internationally and the company wants to hit 15% revenue growth in overseas markets. 

In a separate announcement, CPF said it aims to be the "world's kitchen" and has given "highest priority" to producing "high quality" pork products. The company also said that it is raising investment in its shrimp supply chain in response to recent attention around sourcing and labour practises. 

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