Thailand Giant Agri Company (CP Group) to Invest $2-Billion in the Philippines


One of Thailand's most dominant agricultural company, Charoen Porkphand Group (CP Group) promised to invest an estimated $2-Billion project in the Philippines over the next five years to produce pork and chicken bot for the local and export market.


Some officials of the largest agricultural corporation, CP Group of Thailand met with Pres. Rody Duterte, headed by its Chairman Dhanin Chearavanont in the Mandarin Oriental Hotel in Bangkok.

Pres. Duterte welcomed the planned investment of the Thai Coporation in the Philippines. The Thai company also donated a modest amount of P10-Million for Pres. Rody Duterte's campaign against drugs and for his rural development program.


For the past few years, CP Group of Thailand is already operating in the Philippines, mainly in the Luzon area, but it would like to expand its operations in the Visayas and Mindanao where the threat of typhoon is less.

The Thailand company's project in the Philippines will be beneficial for all the corn and soybean farmers in the country as the company needed corn and soybean for their productions. An estimated 2,000 workers will be employed by the new CP Group operations.


Here's the Complete Report of DA Sec. Manny Piñol:

Hope for corn farmers
THAILAND GIANT AGRI GROUP
TO INVEST $2-B IN PHILIPPINES

By Manny Piñol

Thailand's largest agricultural corporation, the Charoen Pokphand Group (CP Group), is investing an estimated $2-B in the Philippines over the next five years to produce pork and chicken both for the local and export market.

President Rody Duterte, in a meeting with CP Group officials led by its Chairman Dhanin Chearavanont in the Mandarin Oriental Hotel in Bangkok, welcomed the planned investment of the Thai corporation in the Philippines.

Chearavanont also said his corporation will donate a modest amount of P10-M for President Duterte's campaign against drugs and for his rural development program.

CP Group is already operating in the Philippines, mainly in the Luzon area, but it would like to expand its operations to the Visayas and Mindanao where the threat of typhoons is less.

Chearavanont said CP Group has decided to pour more investments in the Philippines because of its distinction as the only country in the whole of Asia which is free from Foot and Mouth Disease and Avian Influenza or Bird Flu.

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 to be used in its feed production.
This would mean a huge market for the country's corn farmers and the introduction of soybeans production to the Philippines.



An estimated 2,000 workers will be employed by the new CP Group operations.
Chearavanont said he would prefer a compact area for the production of corn so that farmers could be taught the modern technology in corn farming to make them more productive.

The Department of Agricutulre and Fisheries (DAF) informed President Duterte that a Technical Working Group will be organised to assist the CP Group in identifying the areas where their new operations would be established.

President Duterte initially suggested the Province of Bukidnon, Saranggani, North Cotabato, Maguindanao, Zamboanga del Norte, Agusan del Sur and Del Norte as the possible sites for the CP Group investments.

He thanked the CP Group Chairman for his investments and assured the Thai tycoon that the requirements for the start of the operations of the projects will be facilitated.

"One thing that I can assure you is that nobody will bother you. There will be no corruption under my administration and you will get the fair return of your investments in my country," President Duterte informed the CP Group Chairman.

#Changeishere! #PresRodyCares! #DuterteDelivers! #NoToCorruption! #InvestinthePhilippines!
(Photos show President Duterte with CP Group Chairman Dhanin Chearavanont, his son and new CEO of CP Group Suphachai and other officers of CP. Before the President's arrival, the CP Group officers also conferred with Sec. Sonny Dominguez, Sec. Ramon Lopez of DTI, Acting Sec. Enrique Manalo and DFA, Presidential Adviser Ramon Jacinto, Sen. Alan Peter Cayetano, Sen. Tito Sotto and myself. Photos by DAF Agriculture Attache Anna Abujuela)

Source: Sec. Manny Piñol FB Page


Thailand Giant Agri Company (CP Group) to Invest $2-Billion in the Philippines Thailand Giant Agri Company (CP Group) to Invest $2-Billion in the Philippines Reviewed by Phil Newsome on 3/24/2017 Rating: 5

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