Last updated on September 18th, 2022 at 03:58 pm
Chareon Pokphand Foods Public Company Limited and subsidiary operates fully integrated agro-industrial and food businesses, harnessing its investments and partnerships in 17 countries around the world, and beaconed by the vision of being “the Kitchen of the World”.
The Company aims to achieve food security through its continual innovations that deliver top quality products and services as well as new product development that elevates sublime satisfaction of consumers. Concurrently, the company strive to maintain the balance of business success and the value delivered to all stakeholders in alignment with The ‘3-Benefit’ principles which aims to create prosperity for the country, local communities as well as the company and its people.
Charoen Pokphand Foods operation firmly supports the United Nations Sustainable Development Goals (UNSDGs); and ensures compliance with good corporate governance. The Company prioritizes research and development to further advance in the innovation of nutrition and value addition to deliver products that promote health and wellness. Furthermore, the Company ensures that its distribution channels align with consumer behavior while the resources efficiency is augmented by automation.
Amidst the turbulence, food security is one of the key engines for the world to overcome this crisis. With such acknowledgement, the Company deployed advanced measures to maximize safety of production and operating procedure while protecting employees and family through provision of vaccines. In addition, coordination was made with the public sector of each country to provide overall care for the public as well.
The Company has extended its care to the society through its contribution to strengthen food security in Thailand as well as other countries. From 2020 to the present, the “CPF’s Food from the Heart against Covid-19 Project” and “CP Merging Hearts to Fight against Covid-19 Project” initiatives have been ongoing where the Company has provided food and beverage to medical staff and those in need of assistance.
Fresh food and condiments have been supplied to hospitals, field hospitals, vulnerable groups, vaccination centers, Covid-19 examination centers, community isolation centers, and more than 500 bureaus nationwide. Similar activities have been carried out in countries where the Company’s footprint are located namely Vietnam, Cambodia, Lao, the Philippines, Turkey, the United States, and Russia.
Charoen Pokphand Foods Public Company Limited profile
In 2021, the Company recorded total sales revenue of 512,704 million baht, asset value of 842,681 million baht, tax payment of 8,282 million baht. The Company’s performance was impacted by Covid-19 pandemic, which resulted in lower consumption and declined prices of main products in several areas when compared with the year 2020. On the other hand, its operating costs increased from various activities to maximize the hygiene standards at workplaces and to ensure the safety of our employees and products at all facilities.
The year 2021 also saw the increase of the cost of raw materials and logistics. Due to the abovementioned factors, the Company ended the year 2021 with the net profit of 13,028 million baht, a decrease when compared with the previous year.
The Company operates vertically integrated agro-industrial and food businesses to offer top quality products in terms of nutrition, taste, food safety, and traceability. The Company is determined to build business growth in strategic locations with the focus to maintain world-class, modern production process as well as efficient and ecofriendly consumption of natural resources in order to enhance its competencies and competitive edge on an international level. We take into account the interests of
all stakeholders to ensure sustainable growth, while being able to continuously generate appropriate returns to shareholders.
Charoen Pokphand Foods Thailand Operations
Charoen Pokphand Foods Operates an integrated agro-industrial and food businesses for domestic distribution and export to more than 40 countries around the world.
Charoen Pokphand Foods Operates an agro-industrial and food businesses in 16 countries outside Thailand, namely Vietnam, China including Republic of China (Taiwan), United Kingdom, United States, India, Malaysia, Philippines, Russia, Cambodia, Turkey, Laos, Poland, Belgium, Sri Lanka, and investment in Canada and Brazil.
Animal feed is a starting point in the production chain for producing quality meat and food because it is an important factor affecting animal health and animal wellness. The Company has therefore placed emphasis on creating feed production innovation and continually developed animal nutrition technology, enabling the Company to produce quality feeds according to international standards while staying cost competitive and distributing the products at appropriate prices for farmer.
The Company’s main products are swine feed, chicken feed and shrimp feed, in various formats, including feed concentrate, powdered feed, and tablet. Animal feed are mainly produced and distributed locally. The Company engages in the feed business in 11 countries around the world i.e., Thailand, Vietnam, India, Republic of China (Taiwan), Turkey, Malaysia, Philippines, Cambodia, Laos, Russia and a joint venture in China and Canada. Total sales of the feed business in the year 2021 is 127,072 million baht or 25% of total sales of the Company.
Farm and Processing Business
The Company engages in animal farm and processing business which comprises animal breeds, animal farming, and primary processed meat production. The Company select and develops animal breeds in response to the market demand. At the same time, we incorporate advanced and eco-friendly technology throughout the farming procedures and focus on animal wellbeing in compliance with the international animal welfare principles in order to deliver products of high quality and food safety. Our core product categories are animal breeds, live animals, primary processed meat and eggs; and our main animals comprise swine, broiler, layer, duck, and shrimp.
The Company operates the farm and processing business in 15 countries i.e., Thailand, China, Vietnam, Russia, Cambodia, Philippines, Malaysia, India, Republic of China (Taiwan), United States, Laos, Turkey, Sri Lanka, Poland, and a joint venture in Canada and Brazil. Each entity adopts different business approaches based on the market opportunity and suitability. Total sales of the farm and processing business in the year 2021 was 277,446 million baht or 54% of total sales of the Company.
The Company sees significance in research and development that pave way to production of top quality food which offers abundant nutrition and flavor. Products are manufactured with assured safety throughout the manufacturing supply chain, which promotes good health of consumers at affordable price as well as varieties in alignment with the demands of global consumers of all ages and localities.
The Company aims to enhance convenience for customers through its extensive distribution channels. Food business consists of processed food, ready-to-eat food, including restaurant and distribution businesses. The Company operates food business in 15 countries i.e., Thailand, United States, China, Vietnam, Republic of China (Taiwan), United Kingdom, Russia, Malaysia, Cambodia, Philippines, India, Turkey, Laos, Sri Lanka, Belgium, and Poland. Total sales of the food business in the year 2021 was 108,186 million baht or 21% of total sales of the Company.