7 Thai food centers to open in AEC prep

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CP Retailing and Marketing Co Ltd, a subsidiary of CP All plc and a part of the large food-producing titan Charoen Pokphand (CP) Group, will spend 20 billion baht ($651 million) from 2013 to 2017 to open seven new food production and distribution centers nationwide.

The investment will provide faster distribution and more inventory control, the group says, both critical components of Thailand’s food production strategy as it prepares to serve new markets under the ASEAN Economic Community (AEC).

The new centers will also be used to stock domestic 7-Eleven convenience stores, owned and operated by CP All plc. Annual sales are expected to double to 20 billion baht ($651 million) five years from now, Wisade Wisidwinyoo, a senior vice-president, told the Bangkok Post.

While exports have declined from key markets, such as Europe and the US, Wisidwinyoo expects greater demand to come over the next five years from China, Russia and other ASEAN countries.

CP will spend 5 billion baht of the total budget over the next three years from 2013 to 2015 in the lead up to the AEC’s formation to prepare the nation for anticipated increase in demand and competition.

Besides providing support to increase production, the investment in the centers will aid quicker distribution to local 7-Elevens in the short term, with products reaching outlets from centers in three hours, half the current time of transport.

Sales this year are projected to reach 10 billion baht, with 15 per cent of exports bound for Japan, the US and Europe.

 

 

 

 

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Reading Time: 1 minute

CP Retailing and Marketing Co Ltd, a subsidiary of CP All plc and a part of the large food-producing titan Charoen Pokphand (CP) Group, will spend 20 billion baht ($651 million) from 2013 to 2017 to open seven new food production and distribution centers nationwide.

Reading Time: 1 minute

CP Retailing and Marketing Co Ltd, a subsidiary of CP All plc and a part of the large food-producing titan Charoen Pokphand (CP) Group, will spend 20 billion baht ($651 million) from 2013 to 2017 to open seven new food production and distribution centers nationwide.

The investment will provide faster distribution and more inventory control, the group says, both critical components of Thailand’s food production strategy as it prepares to serve new markets under the ASEAN Economic Community (AEC).

The new centers will also be used to stock domestic 7-Eleven convenience stores, owned and operated by CP All plc. Annual sales are expected to double to 20 billion baht ($651 million) five years from now, Wisade Wisidwinyoo, a senior vice-president, told the Bangkok Post.

While exports have declined from key markets, such as Europe and the US, Wisidwinyoo expects greater demand to come over the next five years from China, Russia and other ASEAN countries.

CP will spend 5 billion baht of the total budget over the next three years from 2013 to 2015 in the lead up to the AEC’s formation to prepare the nation for anticipated increase in demand and competition.

Besides providing support to increase production, the investment in the centers will aid quicker distribution to local 7-Elevens in the short term, with products reaching outlets from centers in three hours, half the current time of transport.

Sales this year are projected to reach 10 billion baht, with 15 per cent of exports bound for Japan, the US and Europe.

 

 

 

 

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