No affects to CPF’s Performance on increasing EU tax in cooked chicken.

Friday 04 August 2006 17:23
Bangkok--4 Aug--CPF
According to EU on increasing import tax of chicken cooked products from Thailand previously from 10.9%, Adirek Sripratak, the president and CEO of Charoen Pokphand Foods Plc (CPF) said there is no major affect on the overall of CPF’s performance. The company currently distributes chicken cooked product to EU only 4% from the total sale revenue of Bt130 billion.
At the same time, the aquabusinesses both in domestic and international has grown continuously which is especially in India and the aqua feedmill in Malaysia has begun operating. The company has also planned to expand in the further processing products which the company has already started in the end of this second quarter. Furthermore, the company has produced many varieties products such as shrimp, fish, pork, and etc.
For domestic market, CPF has emphasized on branding and lanuched the new products of CP chicken cooked products, cooked head-on shrimps/shell-on shrimps, and Japanese sausage products branded “ CP-yonekyu; the jonted company between CPF and Yonekyu Corporation of Japan, which has received a good feedback from the consumers.
From the above, CPF will be able to reach the sale revenue of 130 billion baht as previously expected.
For more information please contact:
CPF Information Office
Tel.0-2625-7343-5