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Charoen Pokphand upbeat on outlook for Chinese food operations.
Byline: Woranuj Maneerungsee
Mar. 3--SHANTOU, Guangdong -- After a decade of laying down the foundations for its motorcycle and retail ventures, agribusiness giant Charoen Pokphand Group, better known as "Zhengda" in China, plans to aggressively expand its Chinese ventures over the next five years.
The ECI Group Co Ltd, CP's investment arm for motorcycles and other industrial products in China, hopes to increase sales of motorcycles to three million units a year, almost quadrupling last year's 800,000 units.
Meanwhile, its Lotus Supercenters are set to start sprouting up like mushrooms in every corner of China, with a target of 300 branches, ...
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Source: HighBeam Research, Charoen Pokphand upbeat on outlook for Chinese food operations.