Charoen Pokphand Group’s multi billion dollar investment in China unit
Thailand’s Charoen Pokphand Group, who got its original start in China before moving into Thailand, has announced a multi-billion dollar investment plan for its Chinese unit, the Chia Tai Group.
This is part of its planned expansion into China, with major retail, real estate projects and hypermarkets, focused on CP Group’s food products.
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The Chia Tai Group’s planned new investments in retail operations would see the increase of its Lotus Supercenters, expanding from the present 73 to over 1,000 over the next decade, with targeted sales of 12 billion yuan, up from 11 billion last year, focused on promoting its CP brand ready-to-eat foods in China.
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(Joyce Rainat)
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