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Charoen Pokphand Group : The Thai empire with Chinese roots and a global vision

Though he rarely grants interviews, Dhanin Chearavanont, the 77-year-old chairman recently opened up to the Nikkei Asian Review about himself and the sprawling “CP empire.”

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Thailand’s Charoen Pokphand Group would not be the company it is today without its long-serving chairman, Dhanin Chearavanont.

Over the course of nearly five decades, he has transformed a small seed shop founded by his father into one of Southeast Asia’s largest private corporations. His family is now ranked as Southeast Asia’s wealthiest.

In this 30-part series, Dhanin recounts the history of both a man and a business, from their humble beginnings in Thailand to their success on a global scale.

My father founded Charoen Pokphand Group as a small store in Bangkok’s Chinatown in 1921. Today, as CP Group’s chairman and third leader, I oversee a conglomerate doing business in more than 100 countries.

Thailand’s largest private corporate group, we are primarily engaged in three sectors — food and agriculture, including livestock raising; convenience stores and other retail operations; and communications, such as mobile phones.

Mr. Dhanin Chearavanont
Mr. Dhanin Chearavanont, Chairman and Chief Executive Officer of the C.P. Group

We achieved nearly $45 billion in sales in 2015, and have business bases ranging from Southeast Asia and China, to Europe and the U.S. We have investments in 16 countries and employ more than 300,000 people.

Source : Nikkei Asian Review

Official biography from www.cpgroupglobal.com/

Mr. Dhanin Chearavanont, Chairman and Chief Executive Officer of the C.P. Group, is the youngest son of Mr. Chia Ek Chor, the founder of Chia Tai Shop, regarded as the original enterprise of C.P. Group’s businesses. 

In his childhood years, Mr. Dhanin began his study at a Chinese school in Bangkok before attending Sarasit Wittaya School in Banpong district, Ratchaburi Province. In 1952, he left for mainland China to study high school where afterwards he travelled to Hong Kong to pursue his undergraduate study.

Soon after he graduated from college in Hong Kong, Mr. Dhanin returned to Thailand in 1958, to help his family business. At that time, his brothers Mr. Jaran and Mr. Montri pioneered the animal feed business under the name of ‘Charoen Pokphand’ as an extension of the Chia Tai Shop, with emphasis on vegetable seeds trading.

Later, ‘Charoen Pokphand’ expanded its operations into the agribusiness and food processing enterprises.

Mr. Dhanin was assigned to be a representative of Charoen Pokphand to work at the Saha Samakkee Trading Co. Ltd. set up by the government to combine poultry and pork sellers together. Starting as the Manager of Egg Trading Department, he later held a position of Poultry Department Manager in 1961. However, after the Saha Samakee Trading Co. Ltd. was shut down in 1963, Mr. Dhanin joined Charoen Pokphand when he was 25 years old.

His wholehearted commitment and devotion to work, along with his broad vision, contributed to the fast growth of Charoen Pokphand’s operations. In 1989, he was entrusted with the position of Chairman and Chief Executive Officer of Charoen Pokphand Group and Chia Tai Group.

Mr. Dhanin is greatly successful in business management and in pioneering various business ventures particularly Agro-industry and food. He was responsible in integrating manufacturing, processing and marketing products within the C.P. Group. His confidence in modern technology and management resulted in advancement and growth of the organization.

Moreover, he played a key role in the development of Thailand’s agricultural sector toward modernization by pioneering poultry farming.

Back in 1970, Mr. Dhanin obtained quality broiler chicken breeds and new technology from the United States. In this regard, Thai farmers were able to gain support from the C.P. Group to raise broiler chickens so that economic and social values were subsequently created and the standard of Thai chicken farming industry was enhanced to meet that of the world.  Thereby, propelling Thailand as one of the world’s leading chicken exporters.

The C.P. Group under Mr. Dhanin’s management has advanced considerably in the agro-industry and food business where it receives public acknowledgement for the high quality and safety of its production process, meeting world-class standards and certifications issued by various domestic and international institutions.

Mr. Dhanin has gained governmental and social acceptances in both domestic and international levels, particularly from the People’s Republic of China. He is honored to serve as the first president of the Overseas Chinese Entrepreneurs Association, in which he has been serving for three consecutive terms. He also has held the position of Advisory Council on Business to the Shanghai Governor of China. Moreover, he was given the ‘Businessman of the Year’ by Forbes Asia Magazine in 2011.

Currently, Mr. Dhanin is 75 years old, and has five children with his wife Khunying Tewee Chearavanont, namely Mrs. Varnnee Chearavanont Ross, Mr. Soopakij Chearavanont, Mr. Narong Chearavanont, Mr. Supachai Chearavanont and Mrs. Tipaporn Chearavanont.

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Thailand rolls out new package to attract foreign investors

Thailand endorsed a package of measures, called ‘Thailand Plus’ which aimed at attracting more foreign investment, especially to expedite investments from companies seeking to relocate as a result of the ongoing trade war

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 Thailand’s economic ministers meeting on Sept. 6, 2019 endorsed a package of measures, called ‘Thailand Plus’ which aimed at attracting more foreign investment, especially to expedite investments from companies seeking to relocate as a result of the ongoing trade war, Kobsak Pootrakool, Deputy Secretary-General to the Prime Minister, said after the meeting.

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Google is shifting its smartphone production to Vietnam from China

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Alphabet Inc’s Google is shifting its Pixel smartphone production to Vietnam from China starting this year as it builds a cheap supply chain in Southeast Asia, the Nikkei business daily reported on Wednesday.

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PTT to invest 30bn ($967M) baht in EEC

PTT Public Company Limited has allocated some 30 billion baht, to invest in newer forms of energy in the Eastern Economic Corridor (EEC)

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BANGKOK, (NNT) – The global economic slowdown and trade war have caused fluctuations in energy prices. In response, PTT Public Company Limited has allocated some 30 billion baht, to invest in newer forms of energy in the Eastern Economic Corridor (EEC), while the company’s profit in 2019’s first half was reduce by higher oil prices.

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