Group Charoen Pokphand (CP) (Thai: ??????????? ; RTGS: Ã, < Thailand is Thai conglomerate who lives in Bangkok. It is the largest private company in Thailand and one of the largest conglomerates in the world. It consists of three core businesses operating in agribusiness and food, retail and distribution, and the telecommunications industry with investments in more than 30 countries, employing over 300,000 people.
It is the largest shareholder in China's financial services company Ping An Insurance and a major shareholder in CITIC, China's state-owned investment trust and Itochu, a Japanese conglomerate. The company has a controlling stake in Charoen Pokphand Foods (CPF), a producer of feed, shrimp, and three of the world's largest poultry producers in the world, pigs, and other agricultural products. It also operates the largest retail business in Southeast Asia based on revenue, with over 10,000 Seven Eleven stores and cash businesses and brings leading through Siam Macro. In the telecommunications sector, the CP Group subsidiary, True Group, is one of the largest telecommunications companies in Southeast Asia with more than 25 million mobile subscribers.
With about 200 subsidiaries in Mainland China, CP Group is known in China as "Chia Tai" (??). When China opened its economy in 1978, CP Group was the first foreign investor in the country and became the first foreign company registered in the special economic zone of Shenzhen, Guangdong. The company is the largest single investor in Mainland China today controlling more than a fifth of the food feed market throughout China. The company's registration number is "0001." Through extensive investment, CP Group has been credited with changing the dietary habits of the country and leading the Chinese green revolution.
Video Charoen Pokphand
History
The CP Group traces its beginnings as a small seed shop named Chia Tai founded in 1921 by Chinese brothers - Chia Exchor and Chia Seow Nooy. The store was originally headquartered in Shantou, a port in the southeastern Guangdong province of China, which is developing a network of seed stores with locations in Bangkok, Hong Kong, Taipei, Kuala Lumpur and Singapore. Charoen Pokphand traces its beginnings back to 1921, when the Chinese immigrant brothers Chia Ek Chor (???) and Chia Siew Whooy (???) started a seed shop named Chia Tai Chueng in Chinatown Bangkok during the reign of King Rama VI. They imported seeds and vegetables from China and exported pigs and eggs to Hong Kong. Her two brothers, who barely had the money, managed to collect enough seed capital to start their little seed shop. During the first few years of business existence, the brothers experimented endlessly to find their own market niche. In the 1950s, the store began specializing in exporting cattle feed, especially for chickens, but the business was still struggling until the 1970s when the Bangkok Bank asked him to control the bankruptcy of a chicken farm. The store then specializes in the purchase of adult chickens to be distributed to merchants and restaurants with vertically integrated feeding operation strategies with chicken breeding. In 1969, the company had an annual turnover of $ 1 to $ 2 million.
When the Thai economy was liberalized in the 1970s, the CP group entered business negotiations with several major Thai banks, the Thai government, and foreign companies. The CP group will supply Thai farmers with chicks and feed and teach them how to keep the chickens while the farmers will sell the grown chickens back to the CP Group processing the chickens raised and selling them to shops, restaurants and fast food high volume. franchises throughout Thailand. In addition, the CP Group is expanding their international export of contract farming formulas throughout Southeast Asia and worldwide from Mexico, Taiwan, Portugal, Mainland China, Indonesia, Turkey and the United States. In the 1980s, with Thailand becoming a full-fledged capitalist economy, CP Group entered the cultivation business, changing their formulas to improve and market shrimp.
The company increased its coverage from the sale of vegetable seeds under the trademark "Rua Bin" (Aero plane) to produce livestock feed under Ek Chor's eldest two sons, Jaran Chiaravanont and Montri Jiaravanont. The company increasingly integrates its business to include livestock, marketing and distribution, under Dhanin Chearavanont. In the 1970s, the company had a virtual monopoly on the supply of chicken and eggs in Thailand. The company is famous for its vertical integration that spans into several lines of business, adding nursery farms, slaughterhouses, processed food production, and, later, its own restaurant chains. CP has also been an international company, launched a feeding operations operation in Indonesia in 1972, exported chicken to Japan in 1973, then moved to Singapore in 1976.
In the 1980s, when Mainland China opened up to foreign direct investment, the company became the preferred partner for international brands such as Honda, Wal Mart, and Tesco. CP family relationships with the mainland enabled him to become the first foreign company to establish himself in the newly created Shenzhen Special Economic Zone, where the company established Chia Tai Co. (Chinese: ? ??? ; pinyin: ZhÃÆ'¨ngdÃÆ' JÃÆ'tuÃÆ'¡n ) of subsidiaries. In 1987, the company acquired rights to their 7-Eleven supermarket chain and KFC fast food restaurant. The company will also thrive in Shanghai by producing motorcycles under license from Honda and brewing licenses from Heineken. In 1989, CP entered the petrochemical business with Solvay from Belgium to launch Vinythai Co., a manufacturer of polyvinylchloride. In 1990, CP Group acquired a stake in TelecomAsia, a joint venture with US telecoms giant NYNEX to build and operate two million telephone connections in Bangkok worth about $ 3 billion. The CP Group also gained interest in the launch of satellite, cable television, and cellular phone services.
In the early 1990s, CP has led around 200 subsidiaries in China. The large CP investment in poultry production in mainland China is credited with changing feeding habits in the country, as per capita consumption more than doubled by the end of the decade. Beginning in 1993, many subsidiaries went public. TA, Charoen Pokphand Feedmill, Siam Makro and Vinythai are listed openly on the Thai Stock Exchange, as well as its subsidiaries in Hong Kong, CP Pokphand into the Hong Kong stock exchange, Shanghai-based poultry and poultry feed group to the Shanghai Stock Exchange, a real estate development branch , Hong Kong Fortune, to Hong Kong exchanges, and Chinese Chorus Ek Motor to the New York Stock Exchange. It has been listed on the Hong Kong Stock Exchange since 1981, C.P. Lotus - the main retail branch of C.P. Group in China - opened its first store in Shanghai in 1997.
After the Asian financial crisis of 1997, C.P. consolidated into three business lines under its main "brand name": food (C.P. Foods), retail (7-Eleven), and telecommunications (True). In the early 2000s, the CP Group claimed $ 9 billion in business assets and was one of the world's most powerful corporate conglomerates. The company sold its stake in Tesco Lotus with Tesco in 2003 because of its crisis policy to focus on 7-Eleven, where, unlike Tesco, CP holds the majority, as its flagship retail branch.
In 2013, Charoen Pokphand has obtained permission to buy HSBC's shares from Chinese Ping An Insurance. On May 10, 2013, despite the lack of loans from China Development Bank, HSBC said "sold 15.6 percent of the shares at HK $ 59 per share" to Charoen Pokphand Group.
In 2014, CP announced ties with Japan's Itochu general trading company in which CP acquired 4.9 percent of Itochu's registered shares for approximately US $ 1 billion, and Itochu in turn acquired a 25 percent stake in a CP group company registered in Hong Kong. , CP Pokphand Co., approximately US $ 854 million. The transaction makes CP the third largest shareholder in Itochu, and is marketed as an alliance between two conglomerates with a focus on developing international food trade opportunities. In 2015, CP and Itochu announced that they will jointly take stocks worth US $ 10.4 billion at CITIC Limited China, forming a trilateral alliance with Itochu and CP each holding a 10 percent stake in CITIC, one of the largest foreign investment in a Chinese state-owned enterprises.
Maps Charoen Pokphand
Subsidiaries
Charoen Pokphand Foods
Known as Charoen Pokphand Foods Plc., (CPF). Established in 1978 with operations in the production of animal feed, livestock breeding, further processing and trading. Currently, CPF invests overseas in nine countries, has subsidiaries in 17 countries and exports to more than 40 countries. Furthermore, CPF is currently the main producer of feed and one of the largest poultry producers in the world. Charoen Pokphand Foods is listed on the Stock Exchange of Thailand with code: CPF.
C.P. Food has revenues of approximately US $ 14 billion (2012), with a market capitalization of over US $ 8 billion (2012)
CP ALL
CP AlL Public Company Limited is the flagship company of Charoen Pokphand Group's marketing and distribution business. This is a Thai 7-Eleven license since 1989 and operates 9,542 stores under trademarks in Thailand. This is the third largest number of stores after the United States and Japan.
CP All finished FY 2016 with approximately US $ 15 billion in revenue, and currently has a market capitalization of over US $ 13 billion (2017).
Kentucky Fried Chicken
The CP Group acquired the right to distribute the KFC brand in 1987 and is a Thai licensee.
7-Eleven
CP All Plc. is the only 7-Eleven supermarket operator in Thailand. The CP Group acquired the right to distribute supermarkets in 1987. The first 7-Eleven outlet opened in 1989 at Jalan Patpong in Bangkok. By the end of 2016, the company has a total of 9,542 stores nationwide. Of the total, 4,245 shops are in Bangkok and its suburbs (44 percent) and 5,297 stores are in the provinces (56 percent). There are 4,205 company-owned stores (44 percent), 4,645 franchised stores (49 percent), and 692 sub-area license stores (seven percent). An average of 11.7 million customers visit the 7-Eleven store every day. In 2016, the company expanded 710 new stores both as a stand-alone store and store at the PTT gas station. By the end of 2014, the company has 8,210 stand-alone stores (86 percent) and 1,332 stores in PTT gas stations (14 percent). The company has plans to open around 700 new stores each year, targeting 10,000 stores by 2017.
True Corporation
The Telecommunication Business Group was founded in the late 1980s. Known as True Corporation Plc, True offers 'convergence' of voice, video and data services across integrated communications platforms. Based in Bangkok, True currently serves more than 23 million subscribers to various services, including Thailand's third largest mobile carrier (True Move), the country's largest broadband and dial-up service provider, the largest fixed-line phone operator in Bangkok Metropolitan. Area, electronic cash payment and payment services, personal communication phones, data services, VoIP services, online portals, online gaming and are the only cable TV providers around the world (True Visions). True Corporation is listed on the Stock Exchange of Thailand with the code: TRUE
True Corporation generates approximately US $ 3.1 billion in revenue in 2012, has a market capitalization of approximately US $ 4.3 billion (2013). It spun from its infrastructure operations into a new telecoms fund set for an IPO of approximately US $ 1.8 billion, placing the group's total value of about US $ 5 billion.
Ascend Group
Founded in 2014 as a True Corporation spinoff, Ascend Group handles e-commerce components, online retailing, logistics and CP Group compliance. This marks a $ 150-million expansion by launching their affiliates in the Philippines and Indonesia, Vietnam, and also difficult to achieve economies like Myanmar and Cambodia. Ventures are classified under major subsidiaries: Ascend Commerce, Ascend Money and Ascend Capital, along with smaller independent businesses such as TrueIDC and Egg Digital.
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True GIF is a US $ 2 billion fund set up to manage True's extensive telecom assets including Thailand's largest fiber optic network and 3G & amp; 4G cell network. It becomes the second largest IPO in Thailand by the end of 2013. True Corp is the largest shareholder of True GIF.
Lotus Supercenter
CP Lotus Corporation adalah operasi ritel di China.
C.P. Pokphand Co. Ltd
Listed in Hong Kong, CPP is one of the largest feed manufacturers in the world and one of China's leading agricultural companies with factories across the country.
C.P. New Mart
Frozen food and finished product sales network based in Thailand, now with more than 700 branches.
Dayang Motors
One of China's leading motorcycle manufacturers Dayang Motors, recently signed a joint venture to start car production in Thailand. Motorcycles are exported to Southeast Asia, Europe, and Africa.
Honda and Heineken
CP moved to Shanghai, producing motorcycles with licenses from Japanese auto maker giant Honda and beer brewing with a license from Dutch beer beer, Heineken.
Solvay
In 1989, CP entered the petrochemical business through a joint venture with Solvay, one of the largest chemical companies in Belgium.
Wal-Mart
In 1994, CP signed a joint venture agreement with American retail giant Wal-Mart to set up a super-retail store across Asia.
Siamese Macro
Organized through C.P. All, Siam Makro is the largest cash and carry store in Thailand. C.P. All bought Siam Macro for US $ 6.6 billion in 2013.
C.P. Land
C.P. The land manages several Bangkok properties including C.P. Tower 1 & amp; 2. Registered through C.P. Land Infrastructure Fund and has a market capitalization of more than US $ 300 million.
Alleged allegations
After investigating for several months, the British newspaper The Guardian claims that Charoen Pokphand (CP) Foods buys fish meal, which is then processed into farmed shrimp, from suppliers that own, operate or buy from fishing boats manned by slaves. The Guardian claims that after the slaves were bought for about $ 250, the working conditions on the vessel included forced labor with 20 hours of work, drug use, starvation and execution.
In January 2017, the United States District Court, California Northern District ruled on several grounds supporting CP Foods in relation to litigation filed against them and others, claiming damages related to alleged human rights abuses in the supply chain for Thai Shrimp. Court order - dismissal with prejudice - forbid the claimant to bring such a claim again.
Feedback chain chains feeding and auditing
CP Foods produces and sells shrimp that are cultivated. Not owning or operating any fishing vessel. The Company has been working to improve the traceability of fish meal elements from its supply chain since 2012, and expand this effort to include a complete tracking system for the agricultural shrimp supply chain by 2014. As part of that process, CP Foods has reduced the number of suppliers providing fish meal for production of shrimp feed.
CP Foods has conducted independent and independent third party audits of its shrimp feed supply chain (all the way back to each fishing vessel caught fish for fish meal production), conducted by a leading international supply chain audit firm. Accepted fish by-products in shrimp feed is certified "IFFO RS CoC", the highest international standard for sustainable fishmeal.
Sustainable Shrimp Supply Chain Task Group
CP Foods is a founding member of the Shrimp Sustainable Supply Chain Task Force (SSSC), which was established in July 2014, which has assembled food producers, international retailers and NGOs to map comprehensive improvements and audit plans for the Thai shrimp industry, and to identify and approve steps steps and timelines to improve supply chain sustainability and transparency. The main objective of CP Foods and SSSC is to ensure that workers' misuse and damage to maritime ecosystems in the Gulf of Thailand and the Andaman Sea are a thing of the past, and to restore confidence in the industry.
References
External links
- Company website
- International Company Directory, Vol.62: Charoen Pokphand Group, St. James Press, 2004
Source of the article : Wikipedia
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