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Charoen Pokphand
The Charoen Pokphand Group Public Company Limited (CP; Thai: เจริญโภคภัณฑ์; RTGS: Charoen Phokkhaphan) is a Thai conglomerate based in Bangkok. It is Thailand's largest private company and the largest privately held a royal warrant of appointment. The company describes itself as having eight business lines covering 14 business groups. As of 2025[update], the group has investments in 21 countries.
It owns controlling stakes in Charoen Pokphand Foods (CPF), the world's largest producer of feed, shrimp, and a global top three producer of poultry, pork, among other agricultural produces. It also operates Southeast Asia's largest retail business by revenue, with over 15,245 7-Eleven stores the second largest in the world after the 20,000 stores in Japan and a leading cash and carry business through CP Axtra, formerly known as Siam Makro. In the telecommunications sector, CP Group subsidiary, True Corporation, is one of the largest telecom firms in Southeast Asia with over 48.8 million mobile customers.
With some 200 business subsidiaries in mainland China, CP Group is known in China as "Zhèng Dà" (正大 - "positive" or "upright"). When China opened up its economy in 1978, the CP Group was the first foreign investor in the country and became the first foreign company registered in the special economic zone of Shenzhen, Guangdong. The company is the single largest investor in mainland China today commanding over a fifth of China's entire feed meal market. The corporate registration number was "0001." Through its extensive investments, CP Group has been credited with changing the country's dietary habits and leading China's green revolution.
Charoen Pokphand traces its beginnings back to 1921, when immigrant brothers Chia Ek Chor (謝易初) and Chia Jin Hyang (謝進賢), hailing from Swatow, China, started a seed store named Chia Tai Chung on Song Sawat Road in Bangkok's Chinatown during the reign of King Vajiravudh. They imported seeds and vegetables from China and exported pigs and eggs to Hong Kong, Taipei, Kuala Lumpur, and Singapore. The two brothers, who were virtually penniless, managed to scrape together enough capital to start their tiny seed shop. For the first few years of the businesses existence, the two brothers experimented to find their own market niche. By the 1950s, the shop began to specialize in exporting animal feed, particularly for chickens but the business struggled until the 1970s when the Bangkok Bank asked it to assume control of a bankrupt chicken farm. The shop later specialized in purchasing grown chickens for distribution to grocers and restaurants with vertically integrated strategy of feed-milling operations with chicken breeding. In 1969, the company had an annual turnover of US$1–2 million.
When the Thai economy was liberalized in the 1970s, the CP Group entered various business negotiations with several major Thai banks, the Thai government, and foreign firms. The CP Group would supply Thai farmers with chicks and feed and teach breeders how to raise chickens while the farmers would sell the grown chickens back to the CP Group which processed the chickens and sold them to high volume grocery stores, restaurants, and fast food franchises across Thailand. The CP Group expanded internationally exporting their contract farming formula across Southeast Asia and around the world to Mexico, Taiwan, Portugal, mainland China, Indonesia, Turkey, and the United States. By the 1980s, with Thailand becoming a full blown capitalist economy, the CP Group entered the aquaculture business, turning their formula to raising and marketing shrimp.
The company increased its scope from selling vegetable seeds under the trademark of Rua Bin ("Aeroplane") to production of animal feed under Ek Chor's two elder sons, Jaran Chearavanont and Montri Chearavanont. The company further integrated its business to include livestock farming, marketing, and distribution, under Dhanin Chearavanont. By the 1970s, the company had a virtual monopoly on the supply of chicken and eggs in Thailand. The company was known for vertical integration, expanding into several business lines, adding breeding farms, slaughterhouses, processed foods production, and, later, its own chain of restaurants. CP had also gone international, launching feed mill operations in Indonesia in 1972, exporting chickens to Japan in 1973, then moving into Singapore in 1976.
In the 1980s, as mainland China opened up to foreign direct investment, the firm became the preferred partner for international brands such as Honda, Walmart, and Tesco. CP's family ties with the mainland enabled it to become the first foreign company to establish itself in the newly created Shenzhen Special Economic Zone, where the company set up its Chia Tai Co. (Chinese: 正大集团; pinyin: Zhèngdà Jítuán) subsidiary. In 1987, the company acquired the rights to the 7-Eleven convenience store chain and the KFC fast food restaurant chain. The company would also expand into Shanghai by manufacturing motorcycles under license from Honda and brewing beer with a license from Heineken. In 1989, CP entered the petrochemical business with Solvay of Belgium to launch Vinythai Co., a manufacturer of polyvinylchloride. In 1990, the CP Group acquired a stake in TelecomAsia, a joint venture with US telecommunications firm NYNEX to build and operate two million telephone lines in Bangkok worth some $3 billion. The CP Group also acquired interests in satellite launch, cable television, and mobile telephone services.
By the early-1990s, CP presided over some 200 subsidiaries in China. CP's investment in poultry production on the mainland was credited with changing the country's dietary habits, as per capita consumption more than doubled by the end of the decade. Starting in 1993, many subsidiaries went public. TA, Charoen Pokphand Feedmill, Siam Makro, and Vinythai were listed publicly on the Stock Exchange of Thailand (SET); its Hong Kong subsidiary, CP Pokphand, on the Hong Kong Stock Exchange; a Shanghai-based animal feed and poultry group on the Shanghai exchange; a real estate development arm, Hong Kong Fortune, on the Hong Kong Exchange; and Ek Chor China Motorcycle on the New York Stock Exchange. Having been listed on the Hong Kong Stock Exchange since 1981, CP Lotus, a retail arm of CP Group in China, opened its first store in Shanghai in 1997.
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Charoen Pokphand
The Charoen Pokphand Group Public Company Limited (CP; Thai: เจริญโภคภัณฑ์; RTGS: Charoen Phokkhaphan) is a Thai conglomerate based in Bangkok. It is Thailand's largest private company and the largest privately held a royal warrant of appointment. The company describes itself as having eight business lines covering 14 business groups. As of 2025[update], the group has investments in 21 countries.
It owns controlling stakes in Charoen Pokphand Foods (CPF), the world's largest producer of feed, shrimp, and a global top three producer of poultry, pork, among other agricultural produces. It also operates Southeast Asia's largest retail business by revenue, with over 15,245 7-Eleven stores the second largest in the world after the 20,000 stores in Japan and a leading cash and carry business through CP Axtra, formerly known as Siam Makro. In the telecommunications sector, CP Group subsidiary, True Corporation, is one of the largest telecom firms in Southeast Asia with over 48.8 million mobile customers.
With some 200 business subsidiaries in mainland China, CP Group is known in China as "Zhèng Dà" (正大 - "positive" or "upright"). When China opened up its economy in 1978, the CP Group was the first foreign investor in the country and became the first foreign company registered in the special economic zone of Shenzhen, Guangdong. The company is the single largest investor in mainland China today commanding over a fifth of China's entire feed meal market. The corporate registration number was "0001." Through its extensive investments, CP Group has been credited with changing the country's dietary habits and leading China's green revolution.
Charoen Pokphand traces its beginnings back to 1921, when immigrant brothers Chia Ek Chor (謝易初) and Chia Jin Hyang (謝進賢), hailing from Swatow, China, started a seed store named Chia Tai Chung on Song Sawat Road in Bangkok's Chinatown during the reign of King Vajiravudh. They imported seeds and vegetables from China and exported pigs and eggs to Hong Kong, Taipei, Kuala Lumpur, and Singapore. The two brothers, who were virtually penniless, managed to scrape together enough capital to start their tiny seed shop. For the first few years of the businesses existence, the two brothers experimented to find their own market niche. By the 1950s, the shop began to specialize in exporting animal feed, particularly for chickens but the business struggled until the 1970s when the Bangkok Bank asked it to assume control of a bankrupt chicken farm. The shop later specialized in purchasing grown chickens for distribution to grocers and restaurants with vertically integrated strategy of feed-milling operations with chicken breeding. In 1969, the company had an annual turnover of US$1–2 million.
When the Thai economy was liberalized in the 1970s, the CP Group entered various business negotiations with several major Thai banks, the Thai government, and foreign firms. The CP Group would supply Thai farmers with chicks and feed and teach breeders how to raise chickens while the farmers would sell the grown chickens back to the CP Group which processed the chickens and sold them to high volume grocery stores, restaurants, and fast food franchises across Thailand. The CP Group expanded internationally exporting their contract farming formula across Southeast Asia and around the world to Mexico, Taiwan, Portugal, mainland China, Indonesia, Turkey, and the United States. By the 1980s, with Thailand becoming a full blown capitalist economy, the CP Group entered the aquaculture business, turning their formula to raising and marketing shrimp.
The company increased its scope from selling vegetable seeds under the trademark of Rua Bin ("Aeroplane") to production of animal feed under Ek Chor's two elder sons, Jaran Chearavanont and Montri Chearavanont. The company further integrated its business to include livestock farming, marketing, and distribution, under Dhanin Chearavanont. By the 1970s, the company had a virtual monopoly on the supply of chicken and eggs in Thailand. The company was known for vertical integration, expanding into several business lines, adding breeding farms, slaughterhouses, processed foods production, and, later, its own chain of restaurants. CP had also gone international, launching feed mill operations in Indonesia in 1972, exporting chickens to Japan in 1973, then moving into Singapore in 1976.
In the 1980s, as mainland China opened up to foreign direct investment, the firm became the preferred partner for international brands such as Honda, Walmart, and Tesco. CP's family ties with the mainland enabled it to become the first foreign company to establish itself in the newly created Shenzhen Special Economic Zone, where the company set up its Chia Tai Co. (Chinese: 正大集团; pinyin: Zhèngdà Jítuán) subsidiary. In 1987, the company acquired the rights to the 7-Eleven convenience store chain and the KFC fast food restaurant chain. The company would also expand into Shanghai by manufacturing motorcycles under license from Honda and brewing beer with a license from Heineken. In 1989, CP entered the petrochemical business with Solvay of Belgium to launch Vinythai Co., a manufacturer of polyvinylchloride. In 1990, the CP Group acquired a stake in TelecomAsia, a joint venture with US telecommunications firm NYNEX to build and operate two million telephone lines in Bangkok worth some $3 billion. The CP Group also acquired interests in satellite launch, cable television, and mobile telephone services.
By the early-1990s, CP presided over some 200 subsidiaries in China. CP's investment in poultry production on the mainland was credited with changing the country's dietary habits, as per capita consumption more than doubled by the end of the decade. Starting in 1993, many subsidiaries went public. TA, Charoen Pokphand Feedmill, Siam Makro, and Vinythai were listed publicly on the Stock Exchange of Thailand (SET); its Hong Kong subsidiary, CP Pokphand, on the Hong Kong Stock Exchange; a Shanghai-based animal feed and poultry group on the Shanghai exchange; a real estate development arm, Hong Kong Fortune, on the Hong Kong Exchange; and Ek Chor China Motorcycle on the New York Stock Exchange. Having been listed on the Hong Kong Stock Exchange since 1981, CP Lotus, a retail arm of CP Group in China, opened its first store in Shanghai in 1997.