Last Updated:

2024-05-17 13:10:44

Charoen Pokphand

Thai conglomerate based in Bangkok



Thai conglomerate based in Bangkok

Charoen Pokphand Group Company, Ltd. (CP) is Thailand's largest private company with investments in 21 countries. It owns Charoen Pokphand Foods, a global leader in agricultural produces, and operates Southeast Asia's largest retail business. In China, CP Group is known as 'Zhèng Dà' and is a major investor in the feed meal market, credited with influencing dietary habits and leading the green revolution.

Nongfu Spring Berkshire Hathaway Cho Kuk Asian Financial Crisis Singapore Asian Development Bank Peter Thiel Charlie Munger Hedge Fund Carl Icahn

1921

Establishment of Charoen Pokphand Group

In 1921, the Chinese Chia brothers, Ek Chor and Seow Hui, opened a small store in Bangkok for selling seeds and vegetables imported from their homeland, marking the humble beginnings of the Charoen Pokphand Group.

1954

Charoen Pokphand diversifies into animal feed production

In 1954, Charoen Pokphand diversified its business by venturing into animal feed production and established a subsidiary known as Charoen Pokphand Feedmill.

1964

Dhanin Chearavanont Takes Over Charoen Pokphand Group

In 1964, Ek Chor's son, Dhanin Chearavanont, took the reins of the Charoen Pokphand Group, becoming the senior chairman of the board and leading the family business to further success.

1970

CP's First Joint-Venture with Arbor Acres

In 1970, Charoen Pokphand (CP) established its first joint-venture with U.S.-based Arbor Acres, a pioneer in selectively breeding meatier and faster-growing birds, marking the beginning of CP's expansion into the livestock arena.

1972-01-07

Establishment of PT Charoen Pokphand Indonesia Animal Feedmill Co. Limited

PT Charoen Pokphand Indonesia Tbk was established in Indonesia under the name PT Charoen Pokphand Indonesia Animal Feedmill Co. Limited in 1972.

1973-06-08

Approval of PT Charoen Pokphand Indonesia Animal Feedmill Co. Limited's Establishment Deed

The deed of establishment of PT Charoen Pokphand Indonesia Animal Feedmill Co. Limited was approved by the Minister of Justice of the Republic of Indonesia on June 8, 1973.

1973-08-14

Approval of PT Charoen Pokphand Indonesia Animal Feedmill Co. Limited's Establishment Deed

The deed of establishment of PT Charoen Pokphand Indonesia Animal Feedmill Co. Limited was approved by the Minister of Justice of the Republic of Indonesia on August 14, 1973.

1978

Establishment of Charoen Pokphand Foods (CPF)

Charoen Pokphand Foods (CPF) was founded in 1978 and has since become a major player in animal feed production, livestock breeding, and poultry processing. With operations in numerous countries, CPF is a leading global producer of feed and poultry.

1979

Charoen Pokphand becomes the first foreign firm to invest in the Chinese market

In 1979, Charoen Pokphand made history by being the first foreign company to invest in the Chinese market, opening a feed subsidiary in the Shenzhen economic trade zone.

1986

Charoen Pokphand diversifies into shrimp production

In 1986, Charoen Pokphand expanded its operations into shrimp production and eventually became a global leader in this market.

1987

CP Group Acquisition of 7-Eleven and KFC Chains

In 1987, the CP Group acquired the rights to the 7-Eleven convenience store chain and the KFC fast food restaurant chain. This marked a significant expansion of the company's presence in the retail and food industry.

1989

CP's Joint Venture with Solvay

In 1989, CP entered the petrochemical business through a joint venture with Solvay.

1990

CP Group TelecomAsia Venture

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. This marked the company's entry into the telecommunications sector.

1993

CP Subsidiaries Going Public

Starting in 1993, CP Group's many subsidiaries, including TA, Charoen Pokphand Feedmill, Siam Makro, and Vinythai, were listed publicly on various stock exchanges such as the Stock Exchange of Thailand, Hong Kong Stock Exchange, Shanghai exchange, and New York Stock Exchange.

1994

Change of Company Name to C.P. Seven Eleven Co., Ltd.

In 1994, the company changed its name from 'C.P. Convenience Store Co., Ltd.' to 'C.P. Seven Eleven Co., Ltd.' and opened the first 7-Eleven outlet at Soi Patpong, Bangkok.

1996

Establishment of Counter Service Co., Ltd.

In 1996, Counter Service Co., Ltd. was established to operate the business of bill payment collection service.

1997

CP Group Consolidation

After the Asian financial crisis in 1997, CP Group consolidated into three main business lines under its main brands: foods (CP Foods), retail (7-Eleven), and telecommunications (True). This restructuring aimed to focus on key sectors and streamline operations.

1998

Acquired shares in agro-industrial companies from Charoen Pokphand Group

In 1998, the company acquired ordinary shares in three agro-industrial public companies in Thailand from Charoen Pokphand Group, transforming CPF into a fully integrated agro business in livestock and aquaculture.

1999

Renamed as ‘Charoen Pokphand Foods Public Company Limited’

In 1999, the company was renamed as ‘Charoen Pokphand Foods Public Company Limited’ and announced its vision of becoming the ‘Kitchen of the World’.

2000

Establishment of Yangtze Supermarket Investment Co., Ltd. and Shanghai Lotus Supermarket Chain Store Co., Ltd.

In 2000, the company joined with the China Retail Fund, LDC, to establish Yangtze Supermarket Investment Co., Ltd. and Shanghai Lotus Supermarket Chain Store Co., Ltd. for investments in the supercenter business in the PRC.

2001

Entry into e-commerce market with Phantavanij and eMarketplace

In 2001, CP ventured into the e-commerce market with the launch of Phantavanij and eMarketplace, diversifying its operations further.

2002

Recognition as one of the 'World's Most Powerful Business Leaders' by Fortune magazine

In 2002, Dhanin, the head of CP, was recognized by Fortune magazine as one of the 'World's Most Powerful Business Leaders' for his achievements in building a successful vertically integrated agriculture-to-retail empire.

2005

Subsidiary of CPF

In 2005, the company became a subsidiary of CPF (Charoen Pokphand Foods), a major player in the global agro-industrial and food industry.

2006

Commencement of production of ready-to-eat products under CP brand

In 2006, Charoen Pokphand Foods (CPF) started producing ready-to-eat products under the CP brand, which were distributed both domestically and internationally.

2008-03-28

Increased registered capital in Thai Smart Card Co., Ltd.

On March 28, 2008, the company raised the registered capital in Thai Smart Card Co., Ltd. to 1,600 million baht.

2008-10-31

Completed the restructuring of supercenter business in the PRC

On October 31, 2008, the company successfully finished the reorganization of the supercenter business in the People's Republic of China.

2009

Acquisition of shares in a company listed on the Taiwan Stock Exchange

In 2009, Charoen Pokphand Foods (CPF) acquired 32% of issued shares in a company listed on the Taiwan Stock Exchange, expanding its businesses into manufacturing and distribution of animal feed, animal farming, and food processing.

2010-09-30

Completion of assets disposition regarding investment in convertible preferred shares

The assets disposition was completed for the investment in convertible preferred shares issued by C.P. Lotus Corporation to C.P. Holding (BVI) Investment Company Limited. CPH paid for the shares in cash on September 30, 2010.

2011

Recognition by Forbes Asia Magazine

The company was recognized by Forbes Asia Magazine as one of the 50 best biggest listed companies in the Asia Pacific Region, making it to the Asia's Fab 50 Companies list in 2011.

2012

Opening of regional distribution center in Lampoon

The regional distribution center in Lampoon was officially opened by the company in 2012.

2013-05-10

Charoen Pokphand Acquiring HSBC's Stake in Ping An Insurance

In 2013, Charoen Pokphand acquired HSBC's 15.6 percent stake in Chinese Ping An Insurance at HK$59 a share. This strategic move marked CP's expansion into the insurance sector and strengthened its presence in the Chinese market.

2014-07

CP Foods Task Force Meeting

In July 2014, CP Foods hosted a three-day meeting to create a task force on the issue of sustainable sourcing, with participation from various stakeholders. The progress of this meeting remains unclear due to lack of updates.

2014-12

CP Foods Sustainability Update

The CP Foods sustainability page mentioned a progress update in December 2013, with a promise for further updates in Q1 2014. However, no recent information has been provided.

2015

CPRAM Co., Ltd. Receives Deming Prize

CPRAM Co., Ltd., a subsidiary of CPALL, was awarded the prestigious Deming Prize in 2015 by the Union of Japanese Scientists and Engineers (JUSE), being the first manufacturer in Thailand and the world to achieve this recognition.

2016

Acquisition of C.P. Cambodia Limited (CPC)

In 2016, C.P. Cambodia Limited (CPC) acquired 75% of the total issued and paid up shares of CPC, a company incorporated in Cambodia that operates an integrated livestock business.

2017-01

US District Court Ruling in Favor of CP Foods

In January 2017, the United States District Court ruled in favor of CP Foods in a litigation related to alleged human rights abuses in the supply chain for Thai shrimp. The court's order dismissed the claims with prejudice.

2018-06

Investment in Shrimp Farm and Shrimp Processing Business in Brazil

CPF acquired 40% of ordinary shares of Camanor Produtos Marinhos Ltda., which operates shrimp farms and primary shrimp processing business in Brazil.

2018-07

Investment in International Buffet Restaurant in Thailand

CPF joint invested in CP Hilai Harbour Co., Ltd., a subsidiary operating an international buffet restaurant under the brand 'Harbour' at the ICON SIAM in Bangkok, Thailand.

2019

Investment in Integrated Swine Business in Canada

The Company acquired 50.10 percent of total shares of HyLife Group Holdings Ltd., a joint venture of the Company and Itochu corporation, engaged in the integrated swine business from feed production to distribution of pork products. HyLife exports chilled pork products from Canada to Japan.

2020-03-09

CP Group's Acquisition of Tesco Lotus

On 9 March 2020, CP Group submitted the winning bid to purchase Thai retailer Tesco Lotus for about US$10.6 billion. This acquisition raised concerns about potential monopolistic practices due to CP's ownership of 7-Eleven and Makro, leading to regulatory scrutiny.

2020-12-01

Investment in swine business in China

The Board of Directors passed a resolution to propose the investment in swine business in China by Chia Tai Investment Co., Ltd. for the purpose of swine business expansion.

2020-12-18

Investment in Tesco Asia Group

The Board of Directors approved the investment in Tesco Asia Group through C.P. Merchandising Co., Ltd. to engage in retail business.

2021-04

Acquisition of additional ordinary shares of C.P. Aquaculture (India) Private Limited

In April 2021, CPF and its subsidiary acquired an additional 30.50% ordinary shares of C.P. Aquaculture (India) Private Limited, increasing their shareholding stake in CPA to 75.00% and making it a subsidiary of CPF. CPA is involved in the production and sale of shrimp feed, shrimp hatchery, and shrimp processing.

2021-06

Acquisition of additional ordinary shares of C.P. Aquaculture (India) Private Limited

In June 2021, CPF and its subsidiary acquired an additional 12.50% ordinary shares of C.P. Aquaculture (India) Private Limited, further increasing their shareholding stake in CPA. This acquisition led to CPF's ownership of 75.00% shares in CPA, making it a subsidiary of CPF.

2021-08

Acquisition of Consumer Package Commerce Co., Ltd. by C.P. Merchandising Co., Ltd.

In August 2021, C.P. Merchandising Co., Ltd., an indirect subsidiary of CPF, acquired the entire shares of Consumer Package Commerce Co., Ltd., a company involved in the import and distribution of food products business in South Korea. Following the transaction, Consumer Package Commerce Co., Ltd. became an indirect subsidiary of CPF.

2022-01-18

Withdrawal of C.P. Pokphand Co., Ltd. Shares from HKEX

CPF Investment Limited privatized C.P. Pokphand Co., Ltd. through a scheme of arrangement under the Companies Act of Bermuda, leading to the withdrawal of CPP shares from the Stock Exchange of Hong Kong Limited. CPFI's shareholding in CPP rose from 49.74% to 75.00%.

2022-12-19

CPF started repurchasing shares on the Stock Exchange of Thailand

CPF initiated the repurchase of its shares through the main board of the Stock Exchange of Thailand starting from December 19, 2022, until June 18, 2023.

2023-05-22

Amendment of PT Charoen Pokphand Indonesia Tbk's Articles of Association

The Articles of Association of PT Charoen Pokphand Indonesia Tbk were most recently amended in May 2023.

2025

End of Sow Stalls in Pork Production by CPF

The NGO World Animal Protection convinced CPF, a major pork producer, to discontinue the use of sow stalls in their pork production process by the year 2025.

End of the Timeline
Charoen Pokphand