Business

CP Foods closes poultry factory after Covid-19 found among workers

By Reuters Staff, published by Channel NewsAsia THAILAND’S largest agribusiness firm Charoen Pokphand Foods said today (May 30) it had closed one of its factories for five days after several workers tested positive for Covid-19. The company’s poultry processing plant in Saraburi province will be shut from Sunday to Thursday, the company said in a

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Business

CP Group company acquires 15% stake in China’s Sinovak

HONG KONG-listed Sino Biopharmaceutical, controlled by Charoen Pokphan Group, is investing $515 million (15.4 billion baht) in Sinovak Life Sciences, a company that produces coronavirus vaccine under the brand “Coronavak,” Sanook.com quoted Japanese Nikkei news agency as saying today (Jan. 5). This investment will give Sino Biopharmaceutical a 15% stake in the Chinese firm which

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