CP Foods looks to international markets, as fall in Thai economy expected after floods

Charoen Pokphand Foods (CPF) will place greater emphasis on investment and revenue from foreign operations over the next few years, as the severe flooding will greatly affect the Thai economy and trim local spending.

In a Bangkok Post report, the SET-listed food flagship of the CP Group aims to accelerate investments in its overseas ventures in a bid to increase sales from foreign operations in three years to 40 percent of the total, up from 26 percent this year.

Adirek Sripratak, the president and chief executive, said so many people have lost their jobs and purchasing power that the company needs to look abroad.

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