The Department of Export Promotion (DEP) in collaboration with the Furniture Industry Club, the Federation of Thai Industries, and the Thai Furniture Industries Association, is organizing the Thailand International Furniture Fair 2010 (TIFF 2010), under the concept of “Living A Green Life”. This event gives business operators a chance to both exhibit their latest furniture designs and seek business partnerships. TIFF 2010 will take place during March 10th-14th, at IMPACT, Thailand.
Mrs. Srirat Rastapana, DEP Director-General, stated that, “The global concerns about climate change have driven designers around the world to originate a new concept of furniture design in order to help raise public awareness on global warming. Such a concept has become a new trend in furniture design. To capitalize on this opportunity, the DEP has planned to arrange this year’s TIFF event under the concept of “Living A Green Life”, which is in compliance with the rising global trend.
“The event will be divided into two parts. During the first three days, March 10th-12th, the event is open exclusively for trade negotiations, while in the last two days, March 13th-14th, it is open for public retailing. Apart from being a spectacular, all-inclusive showcase of Thailand’s very best furniture production capacity and design, TIFF 2010 promises to be a great platform for leading Thai furniture manufacturers, entrepreneurs, designers and operators of related businesses including spare parts, machinery and interior decor materials, to meet with potential buyers and counterparts from overseas. It’s a great chance for virtually everybody in the furniture industry to seek alliance and reach common success.” added Mrs. Srirat.
Mrs. Srirat further noted that, “TIFF 2010 is anticipated to be the most comprehensive furniture exposition ever staged in Thailand. This expectation is to encompass the various aspects of the event including the number of participating exhibitors; revolutionary furniture designs; and, the trade and business opportunities it will present to international visitors and exhibitors themselves. In addition, TIFF 2010 will pave the way for professional Thai designers to demonstrate their capabilities to the world, through collections of unique furniture designs or furniture items made from innovative, eco-friendly materials. The event is expected to welcome more than 33,000 international visitors from Japan, USA, EU, India, Middle East, Africa, Canada, Australia, Malaysia and Singapore.
Sunday, February 7, 2010
Saturday, January 30, 2010
RAINBOW CNG AND THE FLY II DDF SYSTEM
Over the past year, Rainbow CNG has been assiduously testing a DDF system that would enable to optimize the performance of Diesel engines without invasion.
Our engineer, Mr. Attilio Guidetti, has been instrumental in developing the electronics with which this system can run.
The Diesel Dual fuel System allows an amount of gas to be injected into the engine through the air intake manifold. This improves the rate at which the engine burns fuel, and this translates into a better performance and/or a saving of fuel.
The DDF can be used with either CNG or LPG gas. Using the CNG gas obviously has a better environmental impact.
Starting in February 2009, Rainbow CNG together with Rainbow Fuel Energy Solutions Inc. first tested the system on some of the Jeepneys crowding the streets of Metro Manila. The Jeepneys with Isuzu C240 engine were found to be running 30% smoother and with noticeably improved engine performance. The production of black engine exhaust smoke was significantly reduced.
The testing has continued over a variety of vehicles in Thailand, from pick ups to cars to minivans. The system was tested successfully on Mercedes MD140 2.9 Vip Van finding that the range of fuel saving with CNG went from 45 % to 48%. and pick up Mitsubishi Strada 2.8 D, finding that the range of fuel saving with LPG went from 30 % to 35%.
Together with Engine Expert Enterprise of Malaysia, a successful test was also carried out on a truck Nissan lorry CD45, 20 ton, finding that the overall saving on Diesel consumption was of more than 40%.
THE CONVERTED NISSAN LORRY ON ROAD TEST
The great advantage of the DDF system is that it allows the vehicle operator the flexibility of using two fuels, can gain both economically and environmentally from this and can revert completely to diesel, which is a bonus in terms of the resale value of the vehicle.
The above graph depicts the flexibility of the system. The configuration can be easily adapted to the customer’s needs and driving style. The customer can decide at which level of RPM he wishes to inject gas into the system and get increased power or savings.
The second graph shows the increase of the torque and consequently the increase in power of the diesel engine in gas configuration.
Our engineer, Mr. Attilio Guidetti, has been instrumental in developing the electronics with which this system can run.
The Diesel Dual fuel System allows an amount of gas to be injected into the engine through the air intake manifold. This improves the rate at which the engine burns fuel, and this translates into a better performance and/or a saving of fuel.
The DDF can be used with either CNG or LPG gas. Using the CNG gas obviously has a better environmental impact.
Starting in February 2009, Rainbow CNG together with Rainbow Fuel Energy Solutions Inc. first tested the system on some of the Jeepneys crowding the streets of Metro Manila. The Jeepneys with Isuzu C240 engine were found to be running 30% smoother and with noticeably improved engine performance. The production of black engine exhaust smoke was significantly reduced.
The testing has continued over a variety of vehicles in Thailand, from pick ups to cars to minivans. The system was tested successfully on Mercedes MD140 2.9 Vip Van finding that the range of fuel saving with CNG went from 45 % to 48%. and pick up Mitsubishi Strada 2.8 D, finding that the range of fuel saving with LPG went from 30 % to 35%.
Together with Engine Expert Enterprise of Malaysia, a successful test was also carried out on a truck Nissan lorry CD45, 20 ton, finding that the overall saving on Diesel consumption was of more than 40%.
THE CONVERTED NISSAN LORRY ON ROAD TEST
The great advantage of the DDF system is that it allows the vehicle operator the flexibility of using two fuels, can gain both economically and environmentally from this and can revert completely to diesel, which is a bonus in terms of the resale value of the vehicle.
The above graph depicts the flexibility of the system. The configuration can be easily adapted to the customer’s needs and driving style. The customer can decide at which level of RPM he wishes to inject gas into the system and get increased power or savings.
The second graph shows the increase of the torque and consequently the increase in power of the diesel engine in gas configuration.
Thursday, November 19, 2009
Thailand Revealing Her Potential Hosting World-Class Event “VICTAM ASIA 2010” – The Cream of Feedstuff in Asia
Thailand, once again revealing her full potential, has set to host VICTAM ASIA 2010 Fair, a world-class event for feed industry for both aquatic animals and pet animals, as well as cereal industry, said to be the largest in Southeast Asia and to be organized by VICTAM INTERNATIONAL, in cooperation with EXPOLINK GLOBAL NETWORK LTD. , following the country’s renown as the seat of all actions, as well as great success found in VICTAM ASIA 2008, the event that generated the spending accounting for Thai Baht 1 billion; not to mention the other two large-scale events, namely, “FIAAP ASIA” and “GRAPAS ASIA,” both to be held for the best value of all feedstuff’s superior quality between the third and the fifth of March 2010 at Queen Sirikit National Convention Center. Over Thai Baht 2 billion is expected to be spent in these events by more than 150 world-renowned international feedstuff manufacturing companies and proprietors, as well as more than 20,000 visitors from all over the world.
Henk van de Bunt, General Manager for VICTAM INTERNATIONAL BV,an international corporate organizer from the Netherlands specializing in feed industry, has revealed that the company, having realized the great potential of Thailand as the center of feed industry events and fairs in Southeast Asian region, is set to organize “VICTAM ASIA 2010 Fair” between the 3rd and the 5th of March 2010 on over a 5,000 sq-m area at Queen Sirikit National Convention Center, where innovations and latest technologies pertaining to feed industry and international plant-processing industry, the latter of which ranges from raw material and ingredient procurement, manufacturing, technology, machinery, processing, storage and full-cycle logistics are to be exhibited. More than 150 proprietors and not lesser than 20,000 visitors are expected to join the events.
VICTAM ASIA 2010 Fair, which is to be held next year, represents the sweetest fruition born of the warm welcome garnered at VICTAM 2008 Fair in which over 150 international companies from such countries as USA, UK, the Netherlands, Germany, China, Singapore, Malaysia, Thailand, etc., not to mention over 15,000 visitors from all over the world, are reported to have participated.
“Objectives for this event are to enhance the level of productivity and potential in trading pertaining to feed industry so that Thailand could become the seat of operation for the aforementioned industrial discipline within Asian region; the company trusts that this event to be held next year will foster economic growth in Thai feed industry at large, as well as serving as the global stage for business negotiations for all participants, both Thai and foreign, all the more allowing for the exchange of ideas, knowledge and technologies pertaining to the industry among them,” said the General Manager.
Mr. Phusit Sasitaranondha, Managing Director, EXPOLINK GLOBAL NETWORK LTD., which is VITAM ASIA 2010 project manager, has revealed that highlights and features to be included in this upcoming event are comprised of latest technologies and brand-new innovations pertaining to feedstuff for both aquatic animals and pet animals, ingredient-related industry, food animal factory and plant, cereal & wholegrain processing, storage process, as well as logistics and transportation, all the more processing and recycling technologies to be used as alternate power and energy. More so to be included here are the related systems, industrial equipments and tools used in monitoring, controlling, and maintaining safety criteria, as well as dust explosion, not to mention many interesting seminars including those from Department of Livestock Development, Department of Fishery, Agriculturist Market, and Thailand Rice Mill Association.
“In addition to VICTAM ASIA 2010, there are the other two events of great interest: 1) “Feed Ingredients & Additives Asia Pacific 2010 (FIAAP ASIA),” where feed ingredients of superior quality and great additives are to be met, along with feed formulas and the likes; 2) “GRAPAS ASIA,” which represents another activity of great interest for Thailand since it mainly involves exhibitions and conferences regarding milling, as well as others including noodle manufacturing industry, cereal manufacturing industry, and cereal-made snacks and the likes,” said Mr. Phusit.
Henk van de Bunt, General Manager for VICTAM INTERNATIONAL BV,an international corporate organizer from the Netherlands specializing in feed industry, has revealed that the company, having realized the great potential of Thailand as the center of feed industry events and fairs in Southeast Asian region, is set to organize “VICTAM ASIA 2010 Fair” between the 3rd and the 5th of March 2010 on over a 5,000 sq-m area at Queen Sirikit National Convention Center, where innovations and latest technologies pertaining to feed industry and international plant-processing industry, the latter of which ranges from raw material and ingredient procurement, manufacturing, technology, machinery, processing, storage and full-cycle logistics are to be exhibited. More than 150 proprietors and not lesser than 20,000 visitors are expected to join the events.
VICTAM ASIA 2010 Fair, which is to be held next year, represents the sweetest fruition born of the warm welcome garnered at VICTAM 2008 Fair in which over 150 international companies from such countries as USA, UK, the Netherlands, Germany, China, Singapore, Malaysia, Thailand, etc., not to mention over 15,000 visitors from all over the world, are reported to have participated.
“Objectives for this event are to enhance the level of productivity and potential in trading pertaining to feed industry so that Thailand could become the seat of operation for the aforementioned industrial discipline within Asian region; the company trusts that this event to be held next year will foster economic growth in Thai feed industry at large, as well as serving as the global stage for business negotiations for all participants, both Thai and foreign, all the more allowing for the exchange of ideas, knowledge and technologies pertaining to the industry among them,” said the General Manager.
Mr. Phusit Sasitaranondha, Managing Director, EXPOLINK GLOBAL NETWORK LTD., which is VITAM ASIA 2010 project manager, has revealed that highlights and features to be included in this upcoming event are comprised of latest technologies and brand-new innovations pertaining to feedstuff for both aquatic animals and pet animals, ingredient-related industry, food animal factory and plant, cereal & wholegrain processing, storage process, as well as logistics and transportation, all the more processing and recycling technologies to be used as alternate power and energy. More so to be included here are the related systems, industrial equipments and tools used in monitoring, controlling, and maintaining safety criteria, as well as dust explosion, not to mention many interesting seminars including those from Department of Livestock Development, Department of Fishery, Agriculturist Market, and Thailand Rice Mill Association.
“In addition to VICTAM ASIA 2010, there are the other two events of great interest: 1) “Feed Ingredients & Additives Asia Pacific 2010 (FIAAP ASIA),” where feed ingredients of superior quality and great additives are to be met, along with feed formulas and the likes; 2) “GRAPAS ASIA,” which represents another activity of great interest for Thailand since it mainly involves exhibitions and conferences regarding milling, as well as others including noodle manufacturing industry, cereal manufacturing industry, and cereal-made snacks and the likes,” said Mr. Phusit.
Wednesday, November 4, 2009
Stanley Works buys rival Black & Decker
Stanley Works struck a deal to buy rival Black &Decker Corp for $3.46 billion in stock,combining a top hand tool maker and power tool maker to benefit from higher margins and cost savings.
The companies said the driving motivation of the deal is the $350 million in annualised cost savings as well as the improved finances of the more diversified company.
Our lines complement each other,Black & Decker chief executive Nolan Archibald said in an interview.From a product point of view and a geographic point of view we have an opportunity of putting these two organisations together and coming up with significant cost savings.
Black & Decker shareholders will receive 1.275 Stanley shares about $57.56 at Mondays close for each Black & Decker share they own, representing a premium of 22% over Black & Deckers Monday close of $47.34. Stanley shareholders will own about 50.5% of the combined company, with Black & Decker shareholders owning the rest.
Stanley chief executive John Lundgren said that cost savings would come from business unit and regional consolidation, corporate overhead cuts, and changes to manufacturing,distribution and purchasing practices.
He said job cuts would be modest.Certainly it will be less than 10%this is nothing draconian, Lundgren
said in an interview.
The CEOs said they did not expect anti-trust problems.While the two companies are both top tool makers, Black & Decker is focused on power tools while Stanley Works is a top hand tool maker.
Brian Sozzi, an analyst at Wall Street Strategies, said the deal makes strong sense.
A deal would help them get positioned ahead of the recovery in housing and the ultimate rebound in commodities, Sozzi said.
The deal is expected to add about $1 per share to the earnings of the combined company, Stanley Black &Decker, by the third year after closing.
The companies also expect about $1 billion in free cash flow from the com-bined businesses by the end of the third year.
With a billion dollars in cash flow,our combined business development team and a very full acquisition pipeline gives us the opportunity to continue to build the growth platforms that are out there, Lundgren said.
He said growth areas included security,engineered fastening, infrastructure and health care.
James Lucas, an analyst at Janney Montgomery Scott, said that Stanley has recently developed into a much stronger operating company than in years past and that expertise could create value at the Black & Decker brands as the companies move forward.
Stanley Works Lundgren will be CEO of the combined company, while Black & Deckers Archibald will be chairman for three years.
The companies said the driving motivation of the deal is the $350 million in annualised cost savings as well as the improved finances of the more diversified company.
Our lines complement each other,Black & Decker chief executive Nolan Archibald said in an interview.From a product point of view and a geographic point of view we have an opportunity of putting these two organisations together and coming up with significant cost savings.
Black & Decker shareholders will receive 1.275 Stanley shares about $57.56 at Mondays close for each Black & Decker share they own, representing a premium of 22% over Black & Deckers Monday close of $47.34. Stanley shareholders will own about 50.5% of the combined company, with Black & Decker shareholders owning the rest.
Stanley chief executive John Lundgren said that cost savings would come from business unit and regional consolidation, corporate overhead cuts, and changes to manufacturing,distribution and purchasing practices.
He said job cuts would be modest.Certainly it will be less than 10%this is nothing draconian, Lundgren
said in an interview.
The CEOs said they did not expect anti-trust problems.While the two companies are both top tool makers, Black & Decker is focused on power tools while Stanley Works is a top hand tool maker.
Brian Sozzi, an analyst at Wall Street Strategies, said the deal makes strong sense.
A deal would help them get positioned ahead of the recovery in housing and the ultimate rebound in commodities, Sozzi said.
The deal is expected to add about $1 per share to the earnings of the combined company, Stanley Black &Decker, by the third year after closing.
The companies also expect about $1 billion in free cash flow from the com-bined businesses by the end of the third year.
With a billion dollars in cash flow,our combined business development team and a very full acquisition pipeline gives us the opportunity to continue to build the growth platforms that are out there, Lundgren said.
He said growth areas included security,engineered fastening, infrastructure and health care.
James Lucas, an analyst at Janney Montgomery Scott, said that Stanley has recently developed into a much stronger operating company than in years past and that expertise could create value at the Black & Decker brands as the companies move forward.
Stanley Works Lundgren will be CEO of the combined company, while Black & Deckers Archibald will be chairman for three years.
Wednesday, October 28, 2009
Bosch confident of outstripping rivals
German power-tools manufacturer Bosch is confident its operations in Thailand and Asia Pacific will this year grow at three times the industry average.
The firm's power-tool business growth would be at least last year's 12%, said Klaus Thunig, vice-president of Bosch Power Tools Asia Pacific.
The company's current growth rate is three times the Asia-Pacific market's of about 4% to 1.3 billion.The 2-billion North America market plunged deepest, by 10% last year, while Europe, the world's largest portable electric power tools market, dropped by 3%to a market value of 3.9 billion."Our strategy is innovation. If the market does not grow, you need to convince users to invest and benefit from innovations. We will keep up investment on research and development, upgrading plants and marketing," said Mr Thunig.
Products launched in the last two years now provide 35% of Bosch's sales.
Latin America's power-tools market,one of the smallest, surged by 18% to
500,000, while that in the Middle East and Africa rose by 4% to 400,000.Bosch last year recorded global sales for power tool products of 3.15 billion,a 3.3% year-on-year increase. Latin America grew 20%, Asia-Pacific 12%,Europe 5% and North America -12%.
The company this year targets 7%growth for its Thai operations despite the fact the overall market shrank, said Chaiyaporn Ratanachetkul, general manager of Robert Bosch (Thailand).
The group has nearly 600 manufacturing sites in 37 countries and produces products ranging from parts for the automotive and industrial goods sectors to domestic power tools. It manufactures at 62 sites in the Asia-Pacific, most in China, followed by Japan and India.
While Thailand's construction sector shrank 17% in the second quarter, the company is confident of an economic rebound next year. It expects its local power-tools sales to grow by 10% in 2010, he said.
Bosch's product range includes Bosch Blue cordless drills and screwdrivers and Skil domestic power tools, accessories and measuring tools. Thai sales were 80% from Bosch Blue,10% from accessories, 8-9% from Skil and 1-2% from measuring tools, said Mr Chaiyaporn.
"The highest growth was Skil, which is up 50% from last year," he said. The company expects Skil products to grow by 82% year-on-year on 2009.
"Skil is priced 30% to 40% lower than Bosch Blue. We plan to expand sales channels into Tesco Lotus, where many Chinese brands are on the shelf. We're confident we can beat rivals with our after-sale services," he said.
"Bosch will raise its local market share by three to four percentage points from the current 30% with its Skil brand and lithium-ion rechargeable battery technology for cordless power tools, he said.
The firm's power-tool business growth would be at least last year's 12%, said Klaus Thunig, vice-president of Bosch Power Tools Asia Pacific.
The company's current growth rate is three times the Asia-Pacific market's of about 4% to 1.3 billion.The 2-billion North America market plunged deepest, by 10% last year, while Europe, the world's largest portable electric power tools market, dropped by 3%to a market value of 3.9 billion."Our strategy is innovation. If the market does not grow, you need to convince users to invest and benefit from innovations. We will keep up investment on research and development, upgrading plants and marketing," said Mr Thunig.
Products launched in the last two years now provide 35% of Bosch's sales.
Latin America's power-tools market,one of the smallest, surged by 18% to
500,000, while that in the Middle East and Africa rose by 4% to 400,000.Bosch last year recorded global sales for power tool products of 3.15 billion,a 3.3% year-on-year increase. Latin America grew 20%, Asia-Pacific 12%,Europe 5% and North America -12%.
The company this year targets 7%growth for its Thai operations despite the fact the overall market shrank, said Chaiyaporn Ratanachetkul, general manager of Robert Bosch (Thailand).
The group has nearly 600 manufacturing sites in 37 countries and produces products ranging from parts for the automotive and industrial goods sectors to domestic power tools. It manufactures at 62 sites in the Asia-Pacific, most in China, followed by Japan and India.
While Thailand's construction sector shrank 17% in the second quarter, the company is confident of an economic rebound next year. It expects its local power-tools sales to grow by 10% in 2010, he said.
Bosch's product range includes Bosch Blue cordless drills and screwdrivers and Skil domestic power tools, accessories and measuring tools. Thai sales were 80% from Bosch Blue,10% from accessories, 8-9% from Skil and 1-2% from measuring tools, said Mr Chaiyaporn.
"The highest growth was Skil, which is up 50% from last year," he said. The company expects Skil products to grow by 82% year-on-year on 2009.
"Skil is priced 30% to 40% lower than Bosch Blue. We plan to expand sales channels into Tesco Lotus, where many Chinese brands are on the shelf. We're confident we can beat rivals with our after-sale services," he said.
"Bosch will raise its local market share by three to four percentage points from the current 30% with its Skil brand and lithium-ion rechargeable battery technology for cordless power tools, he said.
Tuesday, September 8, 2009
I HAD NOTHING TO DO WITH CRACKDOWN, SAYS SOMCHAI
Former prime minister Somchai Wongsawat has denied that he ordered a violent crackdown on the People's Alliance for Democracy (PAD) on October 7 last year.
The National Anti-Corruption Commission (NACC) ruled on Monday that it would file criminal charges against Somchai, then deputy premier General Chavalit Yongchaiyut, national police chief General Patcharawat Wongsuwan as well as other high-ranking police officers for malfeasance and their involvement in the crackdown.
Two PAD protesters were killed and nearly 500 wounded when police fired teargas at them while they were protesting near Parliament and at the Metropolitan Police Bureau headquarters.
Holding up a document on the resolution of a special Cabinet meeting on October 6 last year, Somchai said yesterday that Chavalit was the one given the responsibility of maintaining law and order after the PAD blocked the Parliament with the intention of obstructing the government's delivery of policies.
He said the Cabinet did not order the use of violence to disperse demonstrators and that the police were just carrying out their duty in maintaining law and order.
While the Parliament was besieged by PAD, Somchai called a special Cabinet meeting on October 6 at which it was resolved the police should help members of Parliament as well as members of the Lower House and Senate enter the building so the policy package could be presented as scheduled.
Somchai told a press conference yesterday at the Pheu Thai Party headquarters that he believed the police and government officials on duty that day should be rewarded for a job well done rather than being punished.
If there are similar incidents in the future, he said, the police would do nothing because they might be afraid of facing disciplinary charges later.
As for the people wounded during the incident, the former premier said he wanted the cases to be further investigated to see how exactly they were injured.
Somchai stressed that he had not given the police specific instructions on dealing with the protesters because his government was far too preoccupied with presenting its policy to Parliament before taking full control of the administration.
The former PM said he was not denying his responsibility but wanted to present the truth, and that he would gather documents and information to clarify his defence and fight against his accusers.
The NACC should investigate the crackdown against the red-shirted Democratic Alliance against Dictatorship during Songkran last year when military personnel and guns were used, but he added, no guns had been used in the crackdown on the PAD protesters.
Somchai said he felt sorry for Patcharawat because he was facing criminal and disciplinary charges.
The National Anti-Corruption Commission (NACC) ruled on Monday that it would file criminal charges against Somchai, then deputy premier General Chavalit Yongchaiyut, national police chief General Patcharawat Wongsuwan as well as other high-ranking police officers for malfeasance and their involvement in the crackdown.
Two PAD protesters were killed and nearly 500 wounded when police fired teargas at them while they were protesting near Parliament and at the Metropolitan Police Bureau headquarters.
Holding up a document on the resolution of a special Cabinet meeting on October 6 last year, Somchai said yesterday that Chavalit was the one given the responsibility of maintaining law and order after the PAD blocked the Parliament with the intention of obstructing the government's delivery of policies.
He said the Cabinet did not order the use of violence to disperse demonstrators and that the police were just carrying out their duty in maintaining law and order.
While the Parliament was besieged by PAD, Somchai called a special Cabinet meeting on October 6 at which it was resolved the police should help members of Parliament as well as members of the Lower House and Senate enter the building so the policy package could be presented as scheduled.
Somchai told a press conference yesterday at the Pheu Thai Party headquarters that he believed the police and government officials on duty that day should be rewarded for a job well done rather than being punished.
If there are similar incidents in the future, he said, the police would do nothing because they might be afraid of facing disciplinary charges later.
As for the people wounded during the incident, the former premier said he wanted the cases to be further investigated to see how exactly they were injured.
Somchai stressed that he had not given the police specific instructions on dealing with the protesters because his government was far too preoccupied with presenting its policy to Parliament before taking full control of the administration.
The former PM said he was not denying his responsibility but wanted to present the truth, and that he would gather documents and information to clarify his defence and fight against his accusers.
The NACC should investigate the crackdown against the red-shirted Democratic Alliance against Dictatorship during Songkran last year when military personnel and guns were used, but he added, no guns had been used in the crackdown on the PAD protesters.
Somchai said he felt sorry for Patcharawat because he was facing criminal and disciplinary charges.
Thursday, September 3, 2009
CP pours Bt3 bn into Vietnam
The Charoen Pokphand Group has invested Bt3 billion for setting up a new integrated food production plant in Binh Doung, Vietnam, as part of its strategy to penetrate overseas markets. Sarasin Viraphol, the group's vice chairman, said the investment plan will include feed mill, integrated chicken business from farm to processed foods.
In the beginning, the production will cater to the domestic market. Exports will be considered later.
"Food production in the country has a bright future as CP Group has advanced technology for food safety standards compared with local investors," Sarasin said.
The company said the feed mill's production capacity will achieve 600,000 tonnes per year.
Meanwhile, pursuing its strategy of penetrating the Middle East market, the company has set up a special committee to study the possibility to increase exports to the region.
Sarasin said economies of countries in the Middle East will grow considerably as oil prices go up.
The market will have higher demand for food. The company aims to export fresh chicken, shrimp, and eggs to the market, he said.
It is expected that the feasibility study will be completed in a few months so that the firm can promptly start exporting many food products to the market.
So far, the company has signed a farming contract with Bahrain for supplying food products, he added.
Meanwhile, Charoen Pokphand Engineering will launch an innovative palm extraction dry-processed machine for farmers.
Nared Chin-Inmanu, assistant vice president of the company, said that it will be the first machine that has high efficiency to extract palm fruits with a lower percentage of crude palm-oil loss. The machine will be sold for Bt4.5 million with a production capacity of 1.5 tonnes of palm fruits per hour. The firm is expected to sell about 10 machines this year.
Nared said that the higher oil price will encourage farmers to grow more palm fruits next year. The plantation area for palm fruits will increase from 3 million rai to 3.5 million rai next year.
The new palm-oil extraction machinery will help promote the growth of the alternative fuel industry, he said.
In the beginning, the production will cater to the domestic market. Exports will be considered later.
"Food production in the country has a bright future as CP Group has advanced technology for food safety standards compared with local investors," Sarasin said.
The company said the feed mill's production capacity will achieve 600,000 tonnes per year.
Meanwhile, pursuing its strategy of penetrating the Middle East market, the company has set up a special committee to study the possibility to increase exports to the region.
Sarasin said economies of countries in the Middle East will grow considerably as oil prices go up.
The market will have higher demand for food. The company aims to export fresh chicken, shrimp, and eggs to the market, he said.
It is expected that the feasibility study will be completed in a few months so that the firm can promptly start exporting many food products to the market.
So far, the company has signed a farming contract with Bahrain for supplying food products, he added.
Meanwhile, Charoen Pokphand Engineering will launch an innovative palm extraction dry-processed machine for farmers.
Nared Chin-Inmanu, assistant vice president of the company, said that it will be the first machine that has high efficiency to extract palm fruits with a lower percentage of crude palm-oil loss. The machine will be sold for Bt4.5 million with a production capacity of 1.5 tonnes of palm fruits per hour. The firm is expected to sell about 10 machines this year.
Nared said that the higher oil price will encourage farmers to grow more palm fruits next year. The plantation area for palm fruits will increase from 3 million rai to 3.5 million rai next year.
The new palm-oil extraction machinery will help promote the growth of the alternative fuel industry, he said.
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