Last year, CPF can build sales generated from overseas business and export up to 66%, while sales from domestic sales is estimated at 34%, so in 2557 the company. It plans to further expand existing business and open new markets. Especially abroad With a sales target of at least 450,000 million baht or 10% growth over the seizure of 3 main strategy is to generate growth, adding value to the business. To create excellence in operations. And building a solid business foundation for the next five years is expected to generate sales of more than 700,000 million baht, 75% came from the international market, "says your hobbies.
You expansive JIRA Kitcharoen Chief Financial Officer of CPF, said the company plans to reduce the ratio of debt to equity (DEA) to a level lower than the first as soon and reduce the DEA to level. 0.6 times in the past five years, the company has good internal E at 1.2x for strengthening the financial position. Reduce financial costs to prepare. Empowered to invest in acquisitions and expansion abroad.
Plans for a multi-pronged approach to reduce financial costs. The reduced stake in the company, CPI (CPP), a subsidiary which CPF holds 75% stake in that company because it may not be necessary to hold this level. May sell out to about 10%, also is considering whether to issue structured notes, Lot 2 and the bond issue to replace the original set to expire on.
"Currently, investors worried that companies have a lot of debt. Currently, there are 1.6 billion baht, but not that many assets as well. These assets can be converted into equity. To strengthen the company's financial position ".
Ago CPF has acquired the three businesses are investing in CP - Meiji 60% investment in pig Russia (RPBI) 69.7% and investment in meat processing plants to date. In Belgium (Tops Foods) 80% Last two days ago has also announced a joint investment in commercial business in Sweden (BHJ) 29% and underlines the sustainable business solutions. From upstream to downstream
However, although the current political situation may not be stable. But you believe that hobby Is not likely to affect the company much. The CPF's business involving the mouth of the consumer. No matter how people need to eat at least three meals a day and also added that he hobby. The range of businesses inevitably face challenges. However, CEO CPF is confident the company can stand the leading agro-industrial and food. CPF to push into the "kitchen of the world" next