Bangkok, Thailand – Leading Thai conglomerate Charoen Pokphand Foods Public Co. Limited (CPF), renowned for its fully integrated agro-industrial operations in animal feed production, livestock farming, food processing, and sustainable agriculture, outlined its ambitious expansion in the Philippines.
During a strategic visit to Bangkok by DTI Secretary Cristina A. Roque—who met with existing Philippine investors eyeing growth opportunities and potential Thai entrants—CPF executives explained that their management “wants to build business in the Philippines more and more.”
CPF Philippines Chairman Sakol Cheewakoset noted the company has grown at a robust 35% annually since starting operations in the Philippines 10 years ago, fueling further expansion. “We want the Philippines to overtake Vietnam in a few years,” he said.
Cheewakoset stressed the need for government support to realize these goals. Already operating facilities in Luzon, Visayas, and Mindanao, the group anticipates hiring more Filipinos as new sites come online.
Currently, CP Group thrives in agro farming—raising pigs, chickens, and producing eggs—alongside aquaculture ventures in shrimp and feeds. These efforts meet strong local demand, with export markets in sight. The Thai business leader urged: “Please get support for us. Our business depends on construction,” he said, referring to the farm facilities they must build.
Secretary Roque assured full government backing, committing to connect CPF with relevant agencies under a “whole-of-government” approach mandated by the President. “We now work together as one to drive investment and job creation,” she affirmed. She expressed the DTI’s willingness to support CPF’s vision, advising it to locate in pro-business, industrializing areas. Sec. Roque added that CP Group’s success is crucial to the Philippine economy: “The food security business is important because of our growing population.”
