Charoen Pokphand Foods (Thailand) : The largest producer of feed, shrimp in Southeast Asia

29-05-2019

(Aseanrecords.world) Charoen Pokphand Foods Public Company Limited (CPF), a company of the Charoen Pokphand Group, is an agro-industrial and food conglomerate headquartered in Thailand.

The Charoen Pokphand Group is a Thai conglomerate based in Bangkok. It is Thailand's largest private company and one of world's largest conglomerates. It consists of three core businesses that operate in agribusiness and food, retail and distribution, and the telecommunications industries with investments in over 30 countries, employing over 300,000 people.

It is the largest shareholder in the Chinese financial services corporation Ping An Insurance and a major shareholder in CITIC, a Chinese state-owned investment trust and the Japanese conglomerate Itochu. It owns controlling stakes in Charoen Pokphand Foods (CPF), the world's largest producer of feed, shrimp, and a global top three producer of poultry, pork, among other agricultural produces. It also operates Southeast Asia's largest retail business by revenue, with over 10,000 Seven Eleven stores and a leading cash and carry business through Siam Makro. In the telecommunications sector, CP Group subsidiary, True Group, is one of the largest telecom firms in Southeast Asia with over 25 million mobile customers.

Approximately 64 percent of its revenue came from overseas operations, with 30 percent from its home market of Thailand, and six percent from export operations. It recently acquired Bellisio Foods, one of the largest frozen food suppliers in the United States, for US$1 billion, as well as Westbridge Foods, a major British poultry producer with turnover of over £340 Million

The company's core businesses are livestock and aquaculture. Livestock operations include chicken broilers, chicken layers, ducks, and swine. In aquaculture, the two main marine animals are shrimp and fish.

CP Foods only produces and sells farmed shrimp, and does not own or operate any fishing vessels. The company has been working to improve the traceability of the fishmeal element of its supply chain since 2012, and broadened this to encompass a full traceability system for its farmed shrimp supply chain in 2014. As part of that process, CP Foods has significantly reduced the number of suppliers that provide fishmeal for the production of shrimp feed. In October 2018, CPF announced that by 2020 it will have audited all of its suppliers for sustainability, including environmental, human rights, and labor issues. Of particular focus are CPF's fishmeal suppliers, which represent "CP Foods' only link to the ocean".

CP Foods is currently undertaking a full independent, third-party audit of its shrimp feed supply chain (all the way back to the individual fishing boats catching fish for fishmeal production), conducted by a leading international supply chain audit company. In addition, the by-product fishmeal in their shrimp feed is certified IFFO RS CoC - the highest international benchmark in the sustainable usage of fishmeal.

According to wikipedia


Deluna Nguyen (Collect and Nominate for the Asean Record) - (Source of photos: internet)

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