CP Foods aims for foreign operations to make up revenues

Charoen Pokphand Foods, Thailand's largest meat and animal-feed producer, aims to have foreign operations contribute three-quarters of revenue within five years, to meet demand in quick-growing emerging markets and offset a slowdown at home.

The Bangkok-based company is banking on rising incomes in Southeast Asia and beyond to push up demand for meat, while at home, economic growth is under threat from months of anti-government protesters alleging corruption.

CPF, the flagship unit of Charoen Pokphand Group owned by Thailand's richest man Dhanin Chearavanont, plans to expand its feed and farm businesses in regional neighbors Vietnam and the Philippines as well as in China, India and Russia.

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