CP Group to invest USD 2 billion in the Philippines


Thailand's Charoen Pokphand Group (CP Group) is investing an estimated USD 2 billion in the Philippines over the next five years to produce pork and chicken both for the local and export market, Philippines’s Agriculture Secretary Manny Piñol said recently. CP Group operates mainly in the Luzon area, but would like to expand to the Visayas and Mindanao where the threat of typhoons is less, Mr Piñol said. CP Group Chairman Dhanin Chearavanont said the company has decided to invest more because the Philippines is the only country in Asia that is free from foot and mouth disease and avian Influenza.

The hog and chicken production project of CP Group will be divided into 10 modules utilising about 6,000 hectares per module for the production of corn and soybeans for feed production.


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