CPF expands its business to Laos
Dr Sinlavong Khoutphaythoune, Mayor of Vientiane City hosts the grand opening of C.P.Laos Co’s feedmill, located at Vientiane.
Wiboon Khusakul, Thai Ambassador Extraordinary and Plenipotentiary of Vientiane, Lao PDR, and Adirek Sripratak, president and CEO of Charoen Pokphand Foods (CPF), a company of CP Group, attended the event.
CPF’ CEO revealed that an investment in Lao PDR is a part of CPF’s expansion plan in Asia. The company plans to run integrated businesses, including feedmills and livestock farms as well as aquaculture businesses and further processing business in accordance to distributing in Lao and exporting to foreign countries.
â€œCharoen Pokphand Foods received a trust from The Lao People’s Democratic Republic to leasing its land and animal farm for 20 years to run our businesses. CPF will bring advanced technology, useful knowledge in producing quality meat and beneficial techniques in aquaculture to Lao’ agriculturists. Consequently, it will definitely create more jobs and better living for Lao’ people. Moreover, Laotians will consume high quality, nutritional and safe protein sources, as well as will earn more income on export,” said Adirek.
C.P.Laos Co has a registered capital of US$3 million. Initially, the company will operate a feed mill on the area of 62.47 rais of land, at it’s capacity of 6,000 tonnes / month, its animal (swine and chicken) farming businesses on 201.41 rais of land, and raising fish farm.