Thai firm steps up agribusiness in Laos

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Thailand’s Charoen Pokphand Group, one of Asia’s largest agriculture-based conglomerates, said it will set up three more operations in Laos through its subsidiary, CP Laos Co. Ltd.

Thamnong Pholthongmak, vice-president of CP Laos, expressed to Thai journalists last week that the large provinces of Bokeo, Luang Prabang and Xayaburi have much more spending power compared to a decade ago, reported the Bangkok Post.

For Thai investors, Laos is a bastion of business opportunities at their doorstep, Pholthongmak said.

The new farms will receive investment in a number of similar projects already being churned out in Vientiane, such as animal feed production, broiler chicken farmers and fish processing facilities.

CP Laos currently has a poultry and pig farm in Xayathani district in Vientiane with a registered capital of $15 million. The company holds a 40-year land concession from the Lao government.

The expansion of business operations is expected to alleviate poverty in the grindingly poor northern regions of the small landlocked country.

About 600 local workers and 30 Thai staff are currently employed by CP Laos. Some local workers even underwent training after graduating through the company, a service that the senior management of the company plans to keep up.

 

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Reading Time: 1 minute

Thailand’s Charoen Pokphand Group, one of Asia’s largest agriculture-based conglomerates, said it will set up three more operations in Laos through its subsidiary, CP Laos Co. Ltd.

Reading Time: 1 minute

Thailand’s Charoen Pokphand Group, one of Asia’s largest agriculture-based conglomerates, said it will set up three more operations in Laos through its subsidiary, CP Laos Co. Ltd.

Thamnong Pholthongmak, vice-president of CP Laos, expressed to Thai journalists last week that the large provinces of Bokeo, Luang Prabang and Xayaburi have much more spending power compared to a decade ago, reported the Bangkok Post.

For Thai investors, Laos is a bastion of business opportunities at their doorstep, Pholthongmak said.

The new farms will receive investment in a number of similar projects already being churned out in Vientiane, such as animal feed production, broiler chicken farmers and fish processing facilities.

CP Laos currently has a poultry and pig farm in Xayathani district in Vientiane with a registered capital of $15 million. The company holds a 40-year land concession from the Lao government.

The expansion of business operations is expected to alleviate poverty in the grindingly poor northern regions of the small landlocked country.

About 600 local workers and 30 Thai staff are currently employed by CP Laos. Some local workers even underwent training after graduating through the company, a service that the senior management of the company plans to keep up.

 

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