Thailand’s CP Foods unveils plans of expanding in 17 overseas markets

THAILAND – CP Foods,an agro-industrial and food conglomerate headquartered in Thailand plans to expand in 17 overseas markets where the company is operating especially China, Vietnam, India, the Philippines, Russia, the United States.

The direction is in line with the policy from Mr. Dhanin Chearavanont, Senior Chairman of Charoen Pokphand Group (CP) to create continuously business growth.

According to a statement issued by the firm, the company was still able to grow continuously in 2019 despite slow economic growth in Thailand. CPF projects 8-10% growth in 2020.

Sustainability ambitions

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The Charoen Pokphand Foods has also stemmed toward sustainable packaging roadmap 2020 throughout the supply chain focusing on the use of reused plastic or recycle plastic or compostable both in Thailand and its overseas operations.

The company has drawn up a 10-year Sustainable Packaging Roadmap during 2015-2025, which is the operation guidelines to smooth proceeding, in line with the United Nation Sustainable Development Goals principles.

The roadmap seeks to ensure that 100% of the company’s plastic packaging will be reusable, recyclable, upcyclable or compostable by 2025 for Thailand operations and the overseas operation by 2030.

Under the roadmap, the company’s packaging both from paper and plastic have to concern on Optimized Design, Standardization and Harmonization.

According to Wuthichai packaging of CP Foods’ in all food products contained recyclable plastic as high as 99% which reduced materials both paper, plastic and others by 377 tonnes and targeted to achieve 600 tonnes in 2020.

CP Freshmart has also joined forces with GEPP, a Thai-based start-up business which expertises on waste system management, to establish community model for plastic recycling.

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To further supports the company’s targets of reducing the number of plastic waste and using 100% sustainable materials within 2030, the firm has also launched Sustainable Packaging Design and Development Projects and switching to eco-friendly packages.

In Belgium, Top Foods, a subsidiary of CP Foods, has developed a food package made of eco-friendly wood pulp to reduce plastic consumption for PURE’s Vegan Lasagna while replacing its plastic feed bags with Bulk Feed Tank in the livestock feed business in eight countries.

The company claims that its continued roadmap has resulted the reduction of plastic consumption by 27,000 tonnes which is equivalent to Green House Gas emissions reduction of 97,000 tonnes carbon dioxide.

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