16 December 2024, NH Foods Limited (Head Office: Kita-ku, Osaka City; President and CEO: Nobuhisa Ikawa; hereinafter “NHF”) has reached an agreement with Charoen Pokphand Foods Public Company Limited (Head Office: Bangkok, Thailand; CEO: Prasit
Boondoungprasert; hereinafter “CPF”), one of the leading comprehensive food companies in Asia, to enter into a strategic business alliance in order to enhance the corporate value of both the NHF Group and CPF and to strengthen the cooperative relationship. Today, the two companies signed a Comprehensive Strategic Partnership Agreement (hereinafter “CSPA”).
CPF is the largest food company in Thailand and operates agricultural, industrial and food businesses in various Asian countries with the aim of providing high-quality products that fulfill environmental and social responsibilities. NHF, which is one of the top meat and processed food companies among major comprehensive food companies in Japan, and CPF, which has strong management resources, networks, know-how, etc. in Asia, will utilize the strengths of both companies to further develop the food business in the Asian region.
The contents of the agreement between NHF and CPF are as follows:
1. Exploring the opportunities for collaboration in the fields of processed food products
in Asia, mainly in Thailand, Japan, Singapore, Hong Kong, etc.
- Joint procurement of raw materials and joint development of processed foods in Thailand
- Expansion of products by Thai Nippon Foods Company Limited (hereinafter “TNF”), a subsidiary of NHF that manufactures processed food products in Thailand, to CPF’s sales channels in Asia
- Exporting processed foods manufactured by NHF from Japan and selling them in Thailand, Singapore, Hong Kong, etc.
- Importing CPF’s processed foods from Thailand and selling them in Japan
2. Promoting joint initiatives in the sale of beef and the development and
manufacturing of beef processed products in China
NHF is working to create new value in protein through collaboration and challenges, and through this business alliance with CPF, whose strengths lie in the field of processed livestock foods, the two companies will leverage each other’s strengths to strongly promote their business in this field overseas, primarily in Asia.
