CPF forms pork-processing JV with Japan’s NH Foods

Core Insights - Thailand's Charoen Pokphand Foods (CPF) is establishing a joint venture with Japan's NH Foods to supply processed pork products in Asia, focusing on markets such as Japan, Singapore, and Hong Kong [1][2] Group 1: Joint Venture Details - The joint venture will be named CPF NH Foods, with CPF holding a 51% majority stake [2] - The venture will be established with a capital of Bt1.8 billion ($55.7 million), with an initial investment of Bt300 million [2] - CPF Food and Beverage (CPFFB) will contribute Bt918 million, while NH Foods will contribute Bt882 million, with completion expected in November [2] Group 2: Strategic Goals - This partnership aims to leverage CPF's distribution networks and raw material sourcing alongside NH Foods' product development and manufacturing expertise [2] - The joint venture is intended to expand CPF's processed food market into Japan and other Asian countries, promoting diverse food cultures between Thailand and Japan [3] Group 3: Operational Aspects - Following the completion of the joint venture, CPF NH Foods will acquire CPFFB's ready-to-eat plant located in Chachoengsao province in the first quarter of 2026 [3] - CPFFB currently operates six factories in Thailand and specializes in producing and distributing ready-to-eat products [3] Group 4: NH Foods Background - NH Foods, established in 1942, operates in 16 countries with 202 sales offices and is listed on the Tokyo Stock Exchange [4] - In December, NH Foods signed a deal to acquire US poultry processor LJD Holdings Group, which focuses on processed chicken products for the US market [4]