CPOKY - CPF investing billions to make operations greener
Jun 06, 2012 (Bangkok Post - McClatchy-Tribune Information Services via COMTEX) -- Charoen Pokphand Foods Plc (CPF), the SET-listed flagship of the CP Group, has announced total spending of 4 billion baht to turn all of its 323 operations green within the next 3-5 years.
The move is partly to address rising demand by consumers for better food safety and alleviate their environmental concerns.
But it is also to comply with global requirements, especially in the EU, which is expected to enforce carbon labelling and footprint requirements in the coming years.
Adirek Sripratak, the president and chief executive, said 122 units or 37.8% now use green energy such as co-generation or biomass or make products that have a low carbon footprint.
CPF has spent 3 billion baht in the first phase begun a few years ago and will need another 1 billion to make the other 201 subsidiaries compliant, he said.
The company's 282 farms, 17 feedmills and 24 food production units will follow green practices in the next 3-5 years.CPF first used natural gas and biomass to fuel its co-generation power plants in 2008, to accommodate its chicken processing plant in Saraburi province.
Jun 06, 2012 (Bangkok Post - McClatchy-Tribune Information Services via COMTEX) -- Charoen Pokphand Foods Plc (CPF), the SET-listed flagship of the CP Group, has announced total spending of 4 billion baht to turn all of its 323 operations green within the next 3-5 years.
The move is partly to address rising demand by consumers for better food safety and alleviate their environmental concerns.
But it is also to comply with global requirements, especially in the EU, which is expected to enforce carbon labelling and footprint requirements in the coming years.
Adirek Sripratak, the president and chief executive, said 122 units or 37.8% now use green energy such as co-generation or biomass or make products that have a low carbon footprint.
CPF has spent 3 billion baht in the first phase begun a few years ago and will need another 1 billion to make the other 201 subsidiaries compliant, he said.
The company's 282 farms, 17 feedmills and 24 food production units will follow green practices in the next 3-5 years.CPF first used natural gas and biomass to fuel its co-generation power plants in 2008, to accommodate its chicken processing plant in Saraburi province.
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