//07 Jul 2011
CP Lotus Corporation, a subsidiary of Thailand's based Charoen Pokphand Group and pioneer of China's hypermarket industry, has partnered with Shanghai-base Shui On group to launch its first upscale food supermarket outlet. Bazaar by Lotus, at Xintiandi Style luxury mall in Shanghai, are offering 7,000 products, 70% of which are imported.
"Bazaar by Lotus is CP's new brainchild that demonstrates the firm's commitment to
create a lasting experience for customers," says Michael Ross, executive vice chairman
of CP Lotus Corp., confident, he says that Bazaar by Lotus will be a great success, given
the growing demand for gourmet foods and the 12.9% growth in China's retail industry
during the first quarter of 2011.
Showing posts with label CP. Show all posts
Showing posts with label CP. Show all posts
07 June 2011
CP Pokphand acquires integrated livestock leader in Vietnam
//03 Jun 2011
CP Pokphand (CPP), a Chinese provider of animal nutrition solutions in the food industry, will acquire a 70.82% interest in CP Vietnam Livestock Corporation (CPVL), a leading integrated livestock and aquaculture company in Vietnam.
CPP will acquire the interest from the Bangkok, Thailand-based Charoen Pokphand Group (CPG), its majority shareholder, for about HK$4,735 million (US$609 million).
CPP is the investment arm in China of this same Charoen Pokphand Group, and is known in China as ‘Chia Tai’, CPP and its subsidiaries have been investing and working in China since the country first opened its doors to foreign investment in the late 1970s.
Unique opportunity
As one of the largest corporate acquisitions in Vietnam, the deal represents a unique opportunity for CPP to acquire a controlling stake in a market leader and expand into one of the fastest growing feed and farming markets in South East Asia. The acquisition enables CPP to broaden and diversify its business base.
Established in Vietnam in 1993, CPVL’s integrated livestock and aquaculture businesses span the entire food production value chain, from the manufacturing and distribution of animal feed, to breeding and farming of livestock and aquatic animals, as well as processing and production of meat and food products.
CPVL commands a leading position with approximately 20% of commercial feed market, 77% of industrial swine farming markets and 30% of broiler farming markets in Vietnam. For the year ended 2010, CPVL recorded an audited total revenue and net profit of VND20,077,880 million (US$1,046.5 million) and VND964,584 million (US$50.3 million), respectively.
Related websites:
Charoen Pokphand Group
CP Charoen (Chia Tai)
CP Pokphand (CPP), a Chinese provider of animal nutrition solutions in the food industry, will acquire a 70.82% interest in CP Vietnam Livestock Corporation (CPVL), a leading integrated livestock and aquaculture company in Vietnam.
CPP will acquire the interest from the Bangkok, Thailand-based Charoen Pokphand Group (CPG), its majority shareholder, for about HK$4,735 million (US$609 million).
CPP is the investment arm in China of this same Charoen Pokphand Group, and is known in China as ‘Chia Tai’, CPP and its subsidiaries have been investing and working in China since the country first opened its doors to foreign investment in the late 1970s.
Unique opportunity
As one of the largest corporate acquisitions in Vietnam, the deal represents a unique opportunity for CPP to acquire a controlling stake in a market leader and expand into one of the fastest growing feed and farming markets in South East Asia. The acquisition enables CPP to broaden and diversify its business base.
Established in Vietnam in 1993, CPVL’s integrated livestock and aquaculture businesses span the entire food production value chain, from the manufacturing and distribution of animal feed, to breeding and farming of livestock and aquatic animals, as well as processing and production of meat and food products.
CPVL commands a leading position with approximately 20% of commercial feed market, 77% of industrial swine farming markets and 30% of broiler farming markets in Vietnam. For the year ended 2010, CPVL recorded an audited total revenue and net profit of VND20,077,880 million (US$1,046.5 million) and VND964,584 million (US$50.3 million), respectively.
Related websites:
Charoen Pokphand Group
CP Charoen (Chia Tai)
07 March 2011
CPF investing 40 billion baht to strengthen farm businesses
//07 Mar 2011
Charoen Pokphand Foods (CPF) plans five year investment of 40 billion baht to strengthen its farm, farm-related and food businesses.
The investment is in both domestic and overseas markets through 2015, revised upward from the earlier 30 billion baht, to become one of the world’s major food suppliers, says Adirek Sripratak, CPF president and CEO.
Increase sales
The current increase in food prices are anticipated to increase CPF’s sales and net profits year-on-year from overseas operations, he says, adding that this year would see the expansion of existing overseas businesses as well as investments in CP operations in Cambodia, Russia and Malaysia and other overseas countries, from 26% in 2010 to 40% in the next five years.
CP’s Chicken exports remain the major income contributor with overseas shipments of 90,000 tonnes this year with shrimp products export revenue forecast to rise by 40% on volume of 70,000 tonnes.
(By Joyce Rainat)
Related website:
Charoen Pokphand Foods
Charoen Pokphand Foods (CPF) plans five year investment of 40 billion baht to strengthen its farm, farm-related and food businesses.
The investment is in both domestic and overseas markets through 2015, revised upward from the earlier 30 billion baht, to become one of the world’s major food suppliers, says Adirek Sripratak, CPF president and CEO.
Increase sales
The current increase in food prices are anticipated to increase CPF’s sales and net profits year-on-year from overseas operations, he says, adding that this year would see the expansion of existing overseas businesses as well as investments in CP operations in Cambodia, Russia and Malaysia and other overseas countries, from 26% in 2010 to 40% in the next five years.
CP’s Chicken exports remain the major income contributor with overseas shipments of 90,000 tonnes this year with shrimp products export revenue forecast to rise by 40% on volume of 70,000 tonnes.
(By Joyce Rainat)
Related website:
Charoen Pokphand Foods
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